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IPO Synopsis

Earthstahl & Alloys Ltd
Registered Office: Merlin Jayshree Vihar Mohani5B,Pandri Tarai Mandi Gate , Raipur - 492001 , Chattisgarh , India.
Phone : 91-8120009626   Fax:
Email :  secretarial@earthstahl.com  
Website :  www.earthstahl.com
Initial public offer of upto 32,40,000* equity shares of face value of (Rs)10/- each (the "Equity Shares") of Earthstahl & Alloys Limited ("The Company" or "ESAL" or "The Issuer") at an issue price of (Rs)40 per equity share for cash, aggregating up to (Rs)12.96 crores ("Public Issue") out of which 1,68,000 equity shares of face value of (Rs)10 each, at an issue price of (Rs)40 per equity share for cash, aggregating (Rs)0.67 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 30,72,000 equity shares of face value of (Rs)10 each, at an issue price of (Rs)40 per equity share for cash, aggregating upto (Rs)12.29 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.09% respectively of the post- issue paid-up equity share capital of the company. * Subject to finalization of basis of allotment. The face value of the equity shares is (Rs)10/- each. The issue price is 4 times with the face value of the equity shares. Bids can be made for a minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
27-Jan-23 31-Jan-23 (Rs)40.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 11.64 Hem Securities Ltd
Project Financed through Current Offer 12.96  
Post Issue Equity Share Capital 12.24  
Issue Price (Rs)40.00  
Projects
Funding capital expenditure towards chage in electricity supply voltage form 33 KV to 132 KV at manufacturing facility General corporate purposes
To meet working capital requirements
Promoted By
Ravi Thakurdasji Laddha  
Rajesh Somani  
Prawin Somani  
Listing At
BSE - SME 
Registrar to the Issue
No Data Found.

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