Business Standard

Esprit Stones Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

50.35 cr

Price Range (₹)

87

Lot Size

1600

Min Investment (₹)

1,39,200.00

Listing Exchange

NSE - SME

Open Date

26-Jul-2024

Close Date

30-Jul-2024

Listing Date

02-Aug-2024

Esprit Stones Ltd News

    Esprit Stones Ltd IPO Details

    Initial public offer of up to 57,95,200 equity shares of face value Rs. 10 each (the Equity Shares) of Esprit Stones Limited (The Company or the Issuer) for cash at a price of Rs. 87 per equity share (including a securities premium of Rs. 77 per equity share) (Issue Price), aggregating to Rs. 50.35 crores (the Issue) of which 2,91,200 equity shares aggregating to Rs. 2.53 crores (constituting 1.33% of the post-issue paid-up equity share capital of the company) were reserved for subscription by market maker (Market Maker Reservation Portion) and up to 1,28,000 equity shares aggregating to Rs. 1.05 crores (constituting up to 0.58% of the post-issue paid-up equity share capital of the company) was reserved for subscription by eligible employees (the Employee Reservation Portion). The company, in consultation with the book running lead managers, offered a discount of up to 5.75% (equivalent of Rs. 5 per equity share) to the issue price to eligible employees bidding under the employee reservation portion (Employee Discount). The issue less the market maker reservation portion and employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue constituted 26.41 % and 24.50 % respectively of the post-issue paid-up equity share capital of the company.

    Objective of issue

    Funding working capital requirements of the company. Investment in its subsidiaty Haique Stones Pvt Ltd (HSPL) for repayment and/or prepayment in part or full of its outstanding borrowings. Investment in its subsidiary Haique Stone Pvt Ltd (HSPL) for funding its working capital requirements. General corporate purposes.

    Esprit Stones Ltd Contact Details

    Esprit Stones Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - legal@espritstones.com

    Website - www.espritstones.com