Esprit Stones IPO Subscription Status

Esprit Stones IPO - Day-3 Subscription at 185.82 Times

Esprit Stones IPO closed on 30 July. Shares of Esprit Stones IPO are likely to be listed on August 2 and will make a trading debut on the NSE SME platform.

On 30 July 2024, Esprit Stones IPO received bids for 72,30,72,000 shares, much more than the 38,91,200 shares available. This means that Esprit Stones IPO was oversubscribed by 185.82 times by the end of the 3rd day.

Here are the subscription details for Esprit Stones IPO as of Day 3:

Esprit Stones IPO subscription was mainly driven by HNI/ NIIinvestors, followed by retail investors, then Qualified Institutional Buyers (QIBs) showing interest later. QIBs and HNIs/NIIs tend to increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market-making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Esprit Stones IPO for Days 1, 2, and 3

On day 1, Esprit Stones IPO was subscribed 2.07 times. By day 2, the subscription status had risen to 17.49 times and on day 3, it reached 185.82 times.
 

Here are the complete subscription details for the Esprit Stones IPO by category as of Day 3:

Esprit Stones IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 117.63 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 399.58 times, and Retail Investors at 145.75 times. Overall, Esprit Stones IPO was subscribed by 185.82 times.

Esprit Stones IPO - Day-2 Subscription at 17.36 times

At the end of Day 2, Esprit Stones IPO subscribed 17.36 times. The public issue subscribed 27.19 times in the retail category, 3.50 times in QIB, and 15.59 times in the NII category on July 29, 2024  Here are the subscription details for Trom Industries IPO Esprit Stones Limited IPO as of Day 2:

Esprit Stones Limited IPO subscription was mainly driven by retail investors, followed by High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs), with Qualified Institutional Buyers (QIBs) showing interest later. QIBs and HNIs/NIIs tend to increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market-making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the complete subscription details for the Esprit Stones Limited IPO as of Day 2:

On day 1, Esprit Stones Limited IPO was subscribed 2.07 times. By day 2, the subscription status had risen to 17.36 times. The final status will be clear after the end of day 3. Esprit Stones Limited IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 3.50 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 15.59 times, and Retail Investors at 27.19 times. Overall, Esprit Stones Limited IPO was subscribed by 17.36 times.

Esprit Stones IPO - Day-1 Subscription at 2.06 Times

Esprit Stones IPO will close on 30 July. Shares of Esprit Stones are likely to be listed on 2 August. Shares of Esprit Stones  will make trading debut on NSE SME platform.

On 26 July 2024, Esprit Stones IPO received bids for 80,04,800 shares, much more than the 38,91,200 shares available. This means that Esprit Stones IPO was oversubscribed by 2.06 times by the end of Day 1.

Here are the subscription details for Esprit Stones IPO as of Day 1:

Esprit Stones IPO subscription was mainly driven by retail investors, followed by High Net Worth Individuals (HNIs)/NIIs) with no interest from Qualified Institutional Buyers on day 1. Typically, QIBs and HNIs/NIIs tend to increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Esprit Stones IPO by category as of Day 1:

Data Source: NSE

On day 1, Esprit Stones IPO was subscribed 2.06 times. Qualified Institutional Buyers (QIBs) did not show any subscriptions with a rate of 0.00 times.HNIs / NIIs portion subscribed at 1.44 times while Retail Investors subscribed at 3.63 times. Overall, the IPO was subscribed 2.06 times.

About Esprit Stones

Founded in October 2016, Esprit Stones Limited is a leading producer of premium engineered quartz and marble surfaces in India. The company manufactures quartz surfaces and, through its subsidiary HSPL, produces marble surfaces. They focus on product innovation and invest in R&D, marketing, and customer relationships. As of March 2024, their primary facility has three pressing lines and two polishing lines, producing about 72 lakh square feet annually. A second facility produces quartz grit and powder for engineered quartz. By May 2024, Esprit Stones Limited employed 295 people.

Highlights of the Esprit Stones IPO

● IPO price band: ₹82 to ₹87 per share.
● Minimum application lot size: 1600 shares.
● Minimum investment for retail investors: ₹139,200.
● Minimum investment for High Net-worth Investors (HNI): 2 lots (3,200 shares), ₹278,400.
● Registrar: Link Intime India Private Ltd.
● Esprit Stones plans to use the net proceeds for investing in its subsidiary, covering working capital needs and for general corporate expenses.