Esprit Stones IPO

Esprit Stones Limited IPO: Fresh issue of 57,95,200 shares worth INR 50.42 crores to fund working capital, invest in HSPL, and cover general corporate purposes.

Important Details

Open Date : July 26, 2024 Close Date : July 30, 2024 Allotment Date: July 31, 2024 Listing Date: August 2, 2024

Important Details

IPO Price: INR 82-87 per share Lot Size: 1600 Shares Total Issue Size: INR 50.42 crores

Fundamental Analysis

Esprit Stones Ltd IPO analysis shows mixed performance. 1. Revenue: Decreased from March 2022 to March 2023, increased by March 2024. 2. Equity, Liabilities, Assets: All have risen, suggesting potential growth.

Peer Comparison

1. Esprit Stones ltd: Lower profitability and EPS; strong revenue and asset growth. 2. Pokarna Ltd: Leads in revenue and profitability. 3. Pacific Industries & Global Surfaces: Strong performance in EPS and RoNW.

Objective

Esprit Stones Ltd IPO Objective: 1. Fund working capital. 2. Invest in Haique Stones for repayments and working capital. 3. Support business growth and stability.

Risks And Challenges

Esprit Stones Ltd IPO risks: 1. Operational disruptions & Lease non-renewals. 2. Price volatility. 3. Supply issues with raw materials, especially crude oil-derived resins. 4. Impact on costs & profitability.