31 Mar 2020
Assets29.91
Total Income31.82
Profit After Tax-0.33
NET Worth0.44
Reserves and Surplus2.00
Total Borrowing17.34
At a glance
Updated 2026-08-23The shares listed at ₹55.00, a 37.50% move from the issue price. Earthstahl Alloys is a SME IPO with an issue size of ₹12.96 crore, proposed for listing on BSE SME. The offer opens on 27th Jan 2023 and closes on 31st Jan 2023. The issue structure includes a fresh issue of ₹12.29 crore. The current listing schedule points to 8th Feb 2023.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹12.96 Cr
Fresh issue₹12.29 Cr
Face value₹10
Price band₹38.00–₹40.00
Allotment3rd Feb 2023
Listing8th Feb 2023
Listing performance
Full performance ↗Issue price₹40.00
Listing price₹55.00
Current price—
Listing gain37.50%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹18.00
GMP / upper price45.00%
Est. listing₹58.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens27th Jan 2023
Closes31st Jan 2023
Allotment3rd Feb 2023
Refund6th Feb 2023
Demat7th Feb 2023
Listing8th Feb 2023
Subscription demand
Full bidding ↗Total235.18×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3000 | ₹120,000 |
Company
Incorporated2009
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure towards change in electricity supply voltage from 33 KV to 132 KV at our manufacturing facility at Village Duldula, Baloda Bazar (C.G.) | ₹9.44 Cr |
| To meet Working Capital requirements | ₹1.00 Cr |
| General Corporate Purpose | ₹1.19 Cr |
Financials
Full financials ↗31 Mar 2021
Assets28.17
Total Income24.58
Profit After Tax2.67
NET Worth3.12
Reserves and Surplus4.68
Total Borrowing13.97
31 Mar 2022
Assets35.93
Total Income49.08
Profit After Tax7.45
NET Worth10.57
Reserves and Surplus12.13
Total Borrowing14.00
30 Sep 2022
Assets43.03
Total Income48.25
Profit After Tax5.80
NET Worth16.38
Reserves and Surplus17.93
Total Borrowing10.93
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| EBITDA Margin |
Valuation & shareholding
Pre-IPO EPS8.28
Pre-IPO P/E4.22
Promoter holding pre100%
Promoter holding post73.53%
Market cap₹48.96 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees | ₹0.24 Cr |
| Underwriting Commission | ₹0.13 Cr |
| Brokerage and selling commission | ₹0.65 Cr |
| Fees Payable to Registrar to the Issue | ₹0.01 Cr |
| Fees Payable to Statutory Auditor, Fees to Legal Advisors and other consultants | ₹0.03 Cr |
| Fees Payable to Advertising and Marketing Expenses | ₹0.04 Cr |
| Listing fees, SEBI filing fees, upload fees, Exchange processing fees, book building software fees and other regulatory expenses | ₹0.05 Cr |
| Payment for Printing & Stationery, Distribution, Postage, etc. | ₹0.01 Cr |
| Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | ₹0.18 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.