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Esprit Stones Ltd
Esprit Stones Ltd
Registered Office : SP1 Udyog Vihar,Sukher Industrial Area,Udaipur Rajasthan 313001 Phone : +91 91166 52582
Fax :
Email : legal@espritstones.com
Website : www.espritstones.com
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.
Opens On
Closes On
26-Jul-2024
30-Jul-2024
Application
Allotment
87.00
0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
44.45
50.35
21.95
87.00
Choice Capital Advisors Pvt Ltd
Srujan Alpha Capital Advisors LLP
- 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
- Sunilkumar Lunawath
- Nitin Gattani
- Pradeepkumar Lunawath
- NSE - SME
- MUFG Intime India Pvt Ltd