Esprit stones IPO Details, GMP Price, Date, Review

Esprit stones IPO details Today  : Esprit stones IPO details Today is Open on 26 July 2024 and Close on 30 July 2024. Esprit stones IPO to Raise 5,795,200 shares (Approx ₹50.42 Cr) via IPO. The Fresh issue of 5,795,200 shares (Approx ₹50.42 Cr). 

Esprit stones was incorporated in the year 2016 We are primarily engaged in the manufacturing of Engineered Stones such as:

1.  Engineered quartz surfaces.
2.  Engineered marble surfaces.

Our Company majorly manufactures engineered quartz surfaces and through our Subsidiary, HSPL, we manufacture engineered marble surfaces.

We are one of the key Engineered Stones players in India. (Source: CARE Report). Engineered Stones are composite material formed out of crushed stone that is held together by an adhesive. Engineered Stone’s non-porous characteristics, offer superior scratch, stain and heat resistance, making them extremely durable and therefore get an edge over competing products such as natural stones, laminate and other manufactured solid surfaces The strength, consistency, durability and appearance of our Engineered Stones, as well as their low maintenance makes it ideal for its application for vanities & bathroom surfaces, kitchen countertops, floors and wall cladding furniture, and other interior surfaces that are used in a variety of residential and non-residential applications.

Through our innovative design and manufacturing processes, we are able to offer our product in wide variety of colours, styles, designs and textures.

We have customized our manufacturing processes in order to maximize the consistency, quality, durability and crack resistance of our Engineered Stones while also increasing its slickness and luster. Together with our research and development capabilities, our manufacturing expertise enable us to develop a number of aesthetically distinct designs for our products.

We continually work to ensure that we acquire high quality raw materials for our Engineered Stones and ensure that our high-quality standards are met by conducting ongoing quality control checks of the raw materials and finished goods at our Manufacturing Facilities.

Additionally, through our Subsidiary, Addwaya Chemicals, we are also engaged in the manufacturing of unsaturated polyester resin which is one of the key raw materials in manufacturing of Engineered Stones.

Esprit stones IPO Date & Price Band Details

Esprit stones IPO Market Lot Details

Object of the Issue

1.  Funding Working Capital requirement of our Company.
2.  Investment in our Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings.
3.  Investment in our Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement.
4.  General Corporate Purpose.

Esprit stones IPO Allotment & Listings (Details)

Esprit stones Financial Reports

Our Company Promoters

1. Sunilkumar Lunawath
2. Nitin Gattani
3. Pradeepkumar Lunawath
4. Sangeeta Gattani 
5. Anushree Lunawath

Qualitative Factors

• We are one of the key Engineered Stone players in the Indian Market.
• We believe that quality and innovations are the bed-rock of success. We have developed quality control processes for inspecting the raw materials as well as the final products.
• We are also engaged in the manufacturing of engineered quartz surfaces and the core raw material for manufacturing of engineered quartz are quartz grit and unstaturated polyester resin. This reduces our dependency on third-party raw material suppliers.
• The Udaipur area in Rajasthan has abundant mineral deposits that are used for manufacturing of our Engineered Stones. Our manufacturing facilities, located in the Udaipur district, benefit from the mineralrich ecology, resulting in economic and logistical advantages.
• We believe that our Promoters have played a key role in the development of our business and we benefit from their industry knowledge and expertise, vision and leadership. In addition to our Promoters, our key management and senior management team includes qualified, experienced and skilled professionals who possess requisite experience across various division of our business.

Esprit stones IPO Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Esprit Stones Limited
• Pokarna Limited.
• Pacific Industries Limited.
• Global Surfaces Limited.
• Elegant Marbles & Grani Industries Limited.

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Esprit stones Company Contact Details

SP1, Udyog Vihar,
Sukher Industrial Area,
Udaipur, Rajasthan – 313 004, India
Telephone: +91 91166 52582
Website: www.espritstones.com

Esprit stones Lead Manager

Choice Capital Advisors Private Limited
Sunil Pataodia Tower, Plot No.156-158 J.B. Nagar
Andheri (East), Mumbai – 400 099, Maharashtra, India
Telephone: +91 22 6707 9999 / 7919
E-mail: esl.ipo@choiceindia.com
Website: www.choiceindia.com/merchant-investment-banking
Investor Grievance E-mail: regulator_advisors@choiceindia.com
Contact Person: Nimisha Joshi / Anuj Killa

Esprit stones IPO Registrar

Link Intime India Private Limited
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083 Maharashtra, India
Tel: +91 8108 114949
E-mail: espritstones.ipo@linkintime.co.in
Investor grievance email: espritstones.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan