Esprit Stones Limited (NSE SME)
Jul 26, 2024 - Jul 30, 2024
| Price | ₹82 - ₹87 |
| Premium | ₹33 |
|---|---|
| Lot size | 1600 |
| Allotment | Jul 31, 2024 |
| Listing | Aug 2, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 139200 | 1176 |
| HNI | 2 | 3200 | 278400 | 504 |
Last updated on 30-Jul-2024 23:35:48
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1075200 | 126473600 | 117.63 |
| NIB | 806400 | 322521600 | 399.95 |
| RETAIL | 1881600 | 274348800 | 145.81 |
| EMPRET | 128000 | 129600 | 1.01 |
| Total | 3891200 | 723473600 | 185.93 |
| Retail Apps | 171468 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹46.71 | @8% ₹53.39 | @9% ₹60.06 | @10% ₹66.73 | @11% ₹73.4 | @12% ₹80.08 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 32.47% | 1881600 |
| NII (HNI) | 13.91% | 806400 |
| Anchor | 27.83% | 1612800 |
| QIB | 18.55% | 1075200 |
| Employee | 2.21% | 128000 |
| Market Maker | 5.02% | 291200 |
| Total | 100.00% | 5795200 |
IPO Details
| Total Issue Size | 5,795,200 shares (aggregating up to 50.42 Cr) |
| Fresh Issue | 5,795,200 shares (aggregating up to 50.42 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,150,000 |
| Share holding post issue | 21,945,200 |
| Market Maker portion | 291,200 shares Choice Equity Broking |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROCE | 12.39% | 7.60% | 25.05% |
| RONW | 15.09% | 5.66% | 37.25% |
| D/E | 1.72 | 1.9 | 0.98 |
| EPS (basic) | 6.29 | 2.13 | 11.46 |
| P/E Pre ipo | 13.62 | ||
| P/E Post ipo | 18.51 |
Financial Statement (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 27,459.35 | 23,802.24 | 18,069.74 |
| Revenue | 27,477.82 | 17,606.52 | 19,002.60 |
| Profit After Tax | 1,031.73 | 355.72 | 1,850.53 |
| Net Worth | 7,238.80 | 6,227.81 | 5,893.32 |
| Reserves and Surplus | 5,623.80 | 5,277.81 | 4,943.32 |
| Total Borrowing | 12,541.91 | 11,879.55 | 5,799.76 |
| Amount in Lakhs | |||
About Section
Founded in 2016, Esprit Stones Limited specializes in the manufacture of engineered quartz and marble surfaces. As of March 2024, the company operates Manufacturing Facility I, which boasts three pressing lines and two polishing lines, producing approximately 72 lakh sq.ft. per annum. Additionally, Manufacturing Facility II focuses on the production of quartz grit and quartz powder, essential raw materials for engineered quartz. Esprit Stones Limited also manufactures unsaturated polyester resin at its third facility. The company holds several certifications, including ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard. As of May 31, 2024, the company employs 295 individuals across various departments.
Market Leadership: As one of the key players in the Indian engineered stone market, Esprit Stones Limited has established a strong market presence and reputation.
Commitment to Quality and Innovation: The Company prioritizes quality and innovation, with stringent quality control processes for both raw materials and final products, ensuring high standards and continuous improvement.
Vertical Integration: By manufacturing both engineered quartz surfaces and core raw materials such as quartz grit and unsaturated polyester resin, Esprit Stones Limited reduces dependency on third-party suppliers, ensuring better control over production and quality.
Geographical Concentration: With manufacturing facilities concentrated in Udaipur, Rajasthan, any disruption, breakdown, or shutdown of these facilities could significantly impact the company's business, financial condition, operations, and cash flow.
Dependency on Leased Premises: The Company does not own some of its business premises, including the registered office, branch office, and storage facilities. This reliance on leased properties could pose risks related to lease renewals, cost increases, or relocation challenges.
Customer Concentration: A significant majority of the company's revenues come from a limited number of customers, making the business vulnerable to changes in the purchasing patterns, financial stability, or business relationships with these key customers.
Link Intime India Private Ltd
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Email: jinesh@srujanalpha.com
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