IPO : Esprit Stones Limited
Esprit Stones Limited IPO
Esprit Stones Limited has been from 40 years in the business of high-quality natural stone surfaces. They are a synergy of an idea that brought together two business houses; Aravali and Gattani group to explore new frontiers and set new benchmarks in the engineered stones business.
| SYMBOL | ESPL |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Friday, July 26, 2024 |
| ISSUE CLOSES ON | Tuesday, July 30, 2024 |
| ISSUE PRICE | ₹82 to ₹87 per share |
| ISSUE SIZE | Up to Rs.50.42 Crores |
| FACE VALUE | Rs.10 per share |
Esprit Stones IPO is a book built issue of Rs 50.42 crores. The issue is entirely a fresh issue of 57.95 lakh shares.
Esprit Stones IPO opens for subscription on July 26, 2024 and closes on July 30, 2024. The allotment for the Esprit Stones IPO is expected to be finalized on Wednesday, July 31, 2024. Esprit Stones IPO will list on NSE SME with tentative listing date fixed as Friday, August 2, 2024.
| MINIMUM BID | 1600 shares |
| MINIMUM AMOUNT | Rs.139,200 |
| MAXIMUM BID | 1600 shares |
| MAXIMUM AMOUNT | Rs.139,200 |
| LISTING DATE | Friday, August 2, 2024 |
| LISTING AT | NSE-SME |
Esprit Stones IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400.
Objects of the Issue (Esprit Stones IPO Objectives)
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the issue expenses to the extent applicable to the Issue (“Net Proceeds”) are proposed to be utilised for the following objects:
- Funding Working Capital requirement of the Company
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
- Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement
- General Corporate Purpose
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