Black Section Separator

Esprit Stones IPO to open tomorrow; price band set at ₹82–87 apiece

By: Admin | Media Source: Social Media , Google

Black Section Separator

By: Admin | Media Source: Social Media , Google

Esprit Stones IPO opens on July 26 and closes on July 30, priced at ₹82-87 per share

Black Section Separator

By: Admin | Media Source: Social Media , Google

The IPO requires a minimum bid of 1600 shares with multiples available

Black Section Separator

By: Admin | Media Source: Social Media , Google

10,75,200 equity shares are allocated to qualified institutional buyers (QIBs).

Black Section Separator

By: Admin | Media Source: Social Media , Google

Non-institutional investors (NIIs) are allocated 8,06,400 equity shares.

Black Section Separator

By: Admin | Media Source: Social Media , Google

Retail investors can bid for 18,81,600 equity shares.

Black Section Separator

By: Admin | Media Source: Social Media , Google

The employee reservation portion includes 1,28,000 equity shares.

Black Section Separator

By: Admin | Media Source: Social Media , Google

Market makers are allocated 2,91,200 equity shares.

Black Section Separator

By: Admin | Media Source: Social Media , Google

Esprit Stones' profit after tax (PAT) increased by 190.04% and sales by 56.07% from March 2023 to March 2024.

Black Section Separator

By: Admin | Media Source: Social Media , Google

The IPO is valued at ₹50.42 crore, with 5,795,200 fresh equity shares issued.

Black Section Separator

By: Admin | Media Source: Social Media , Google

Net proceeds will be used for working capital, subsidiary investment, and debt repayment.