“We are keeping you up to date on the dates of the IPOs of many different companies. Today, we heard about the IPO of a company that deals with iron. Read this article to find out more about the EarthStahl & Alloys IPO GMP, lot size, price, date of allotment, and other details.”
EarthStahl & Alloys IPO GMP
“EarthStahl & Alloys has announced that the IPO allotment date will be January 27, 2023. The official notice about the company’s IPO GMP has been posted on a popular website where interested people can find more information. The company’s factory is in the village of Duldula in the state of Chhattisgarh.
It was founded in 2009. EarthStahl & Alloys is a leading manufacturer of cast iron lumps, ductile iron fittings, manhole covers, and other products.”
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EarthStahl & Alloys Lot Size
The EarthStahl & Alloys company has about 3000 shares per lot. Please see the table below for more details.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
The expansive EarthStahl & Alloys manufacturing facility is located near Raipur and spans 4.73 hectares.
What is the EarthStahl & Alloys Price?
The company has also stated what it plans to do with the allocation. It will make use of the change to the way its manufacturing unit gets electricity. Also, to cover the cost of the problem.
| IPO Issue Dates | 27 January 2023 to 31 January 2023 |
| Face Value | Rs 10 each share |
| Price range | Rs 38 to Rs 40 per share |
| Company’s Lot Size | 3000 Shares |
| Issue Size | 3,240,000 shares of ₹10 (aggregating up to ₹12.96 Cr) |
| Fresh Issue | 3,240,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| NII (HNI) Shares Offered | 35% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| Market Maker | HEM SECURITIES LTD. |
| Company Promoters | Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain are the company’s promoters. |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| QIB Shares Offered | 30% of the Net Issue |
In addition, they included the general corporate factor.
EarthStahl & Alloys Allotment Date
The accompanying table provides information about the company’s overall growth and development. This will help you make a more informed decision regarding the company’s investment.
| Event | Tentative Date |
| Opening Date | Jan 27, 2023 |
| Closing Date | Jan 31, 2023 |
| Basis of Allotment | Feb 3, 2023 |
| Initiation of Refunds | Feb 6, 2023 |
| The Credit of Shares to Demat | Feb 7, 2023 |
| Listing Date | Feb 8, 2023 |
You can visit the site to learn more about the company’s overall performance and growth, or you can use the contact information on the site to get in touch with a company representative.
EarthStahl & Alloys’ Finance
The company’s overall growth and development are shown in the table below. This will help you make a better decision about whether to invest in the company.
| Period Ended | Total Assets | Net Worth | Reserves and Surplus | Total Revenue | Profit After Tax | Net Worth |
| 31-Mar-20 | 2990.73 | 44.24
|
200.22 | 1733.71 | 3181.58
|
-33.49
|
| 31-Mar-21 | 2817.23 | 311.55 | 467.53 | 1396.82
|
2457.53 | 267.31 |
| 31-Mar-22 | 3592.61 | 1057.03 | 1213.01 | 1399.97 | 4907.54 | 745.48
|
| 30-Sep-22 | 4303.34 | 1637.5 | 1793.48 | 1092.93 | 4824.68 | 580.47 |
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“If you are unsure about the application process, it’s recommended to seek advice from experts before proceeding. Additionally, options such as UPI and net banking are available for application. You can apply through various banks such as SBI Bank, Nuama, ICIC Bank, and others.”
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