Esprit Stones IPO Allotment Status

How to check Esprit Stones IPO Allotment Status

The Esprit Stones IPO was subscribed a total of 185.82 times by the end of the subscription period on July 30, 2024. The IPO experienced robust interest from various investor categories. Non-institutional buyers (NII) led the subscriptions with 399.58 times the offered shares, followed by retail investors at 145.75 times. Qualified Institutional Buyers (QIB) subscribed 117.63 times the shares offered to them. Both anchor investors and market makers subscribed exactly the shares offered to them, with a subscription rate of 1 time each. Overall, the IPO garnered bids for 72,30,72,000 shares against 38,91,200 shares offered, totalling ₹ 6,290.73 crores.

Investors can check the Esprit Stones IPO allotment status on the official website of the registrar for IPO, Link Intime India Private Ltd. and the BSE website. Given below is the step-by-step guide to check Esprit Stones Limited IPO allotment status on Link Intime India Limited and the BSE website.

Esprit Stones IPO allotment status on Link Intime India Limited

Visit the Link Intime India website here: https://www.linkintime.co.in/IPO/public-issues.html

Select " Esprit Stones Limited" from the company drop-down list on the Public Issues page.

Enter your PAN nu number, application number, DP Client ID or Account Number/IFSC.

Click on the "SUBMIT" button.

Download or print the allotment status for your records.

Esprit Stones IPO allotment status on BSE

Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx

Select the issue type as 'Equity.'

Choose " Esprit Stones Limited" from the dropdown menu.

Enter your application number or PAN (Permanent Account Number).

Complete the 'Captcha' for verification.

Click on the "Search" button to view your allotment status.

Download or print the allotment status for your records.
 

Esprit Stones IPO Timeline

IPO Open Date Friday, July 26, 2024

IPO Close Date Tuesday, July 30, 2024

Basis of Allotment: Wednesday, July 31, 2024

Initiation of Refunds: Thursday, August 1, 2024

Credit of Shares to Demat: Thursday, August 1, 2024

Listing Date: Friday, August 2, 2024
 
Investors who received shares of the company will have their demat accounts credited on August 1, 2024. The refund procedure will begin on Friday, as soon as the allotment is finalised.

Esprit Stones IPO Subscription Status 

Subscription Day 3

Total Subscription: 185.82 times.

Institutional investors: 117.63 times.

Non-institutional investors: 399.58 times.

Retail investors: 145.75 times.
 
Subscription Day 2

Total Subscription: 17.49 times.

Institutional investors: 3.50 times.

Non-institutional investors: 15.60 times.

Retail investors: 27.25 times.
 
Subscription Day 1

Total Subscription: 2.07 times.

Institutional investors: 0.00 times.

Non-institutional investors: 1.45 times.

Retail investors: 3.64 times.

About Esprit Stones IPO

Esprit Stones IPO is a book-built issue of ₹ 50.42 crores, consisting entirely of a fresh issue of 57.95 lakh shares. The IPO is open for subscription from July 26, 2024, and closes today, July 30, 2024. The allotment is expected to be finalized on Wednesday, July 31, 2024, and the listing on NSE SME is tentatively scheduled for Friday, August 2, 2024. The price band for the IPO is set at ₹82 to ₹87 per share, with a minimum lot size of 1600 shares, requiring a minimum investment of ₹139,200 for retail investors. For HNI investors, the minimum lot size is 2 lots (3,200 shares), amounting to ₹278,400.

Choice Capital Advisors Pvt Ltd and Srujan Alpha Capital Advisors LLP are the book-running lead managers for the IPO, while Link Intime India Private Ltd is the registrar. Choice Equity Broking is the market maker for the IPO. Additionally, Esprit Stones raised ₹ 14.03 crore from anchor investors on July 25, 2024, with 1,612,800 shares offered. The anchor lock-in period for 50% of these shares ends on August 30, 2024, and for the remaining shares on October 29, 2024.

Founded in 2016, Esprit Stones Limited specializes in manufacturing engineered quartz and marble surfaces. As of March 2024, the company's Manufacturing Facility I is equipped with three pressing lines and two polishing lines, boasting a production capacity of approximately 72 lakh sq.ft. per annum. Additionally, they have commissioned Manufacturing Facility II to produce quartz grit and quartz powder, essential raw materials for engineered quartz. Esprit Stones also manufactures unsaturated polyester resin at Manufacturing Facility III. The company holds several certifications, including ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard. As of May 31, 2024, Esprit Stones employed 295 individuals across various departments.

Esprit Stones IPO allotment date: July 31, 2024.