Esprit Stones Limited IPO GMP

Arising from a legacy of over 40 years in the business of high quality natural stone surfaces, Esprit Stones is a synergy of an idea that brought together two business houses; Aravali and Gattani group to explore new frontiers and set new benchmarks in the engineered stones business.

Esprit Stones IPO, a Book Built Issue amounting to ₹50.41 crores, consisting entirely a Fresh Issue of 57.95 lakh Shares. The subscription period for the Esprit Stones IPO opens on July 26, 2024, and closes on July 30, 2024. The allotment is expected to be finalized on or about Wednesday, July 31, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, August 2, 2024.

The Share price band of Esprit Stones IPO is set at ₹82 to ₹87 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹139,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹278,400.

Choice Capital Advisors Private Limited & Srujan Alpha Capital Advisors LLP are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. Choice Equity Broking Private Limited will act as the Market Maker for the Esprit Stones IPO.

Esprit Stones Limited IPO GMP Today
The Grey Market Premium of Esprit Stones Limited IPO is expected in the range of ₹35 to ₹38 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Esprit Stones Limited IPO Live Subscription Status Today
As of 07:46 PM on 26 July 2024, the Esprit Stones Limited IPO live subscription status shows that the IPO subscribed 1.87 times on day 1 . Check the Esprit Stones Limited IPO Live Subscription Status Today at NSE.

Esprit Stones Limited IPO Allotment Status
Esprit Stones IPO allotment date is 31st July, 2024, Wednesday. Esprit Stones IPO Allotment will be out on 31st July 2024 and will be live on Registrar Website from the allotment date. Check Esprit Stones Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Esprit Stones Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Esprit Stones Limited IPO
Esprit Stones Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹1,400.00 Lakhs is required for Funding Working Capital of their Company 
2. ₹1,950.00 Lakhs is required for Investment in their Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings 
3. ₹650.00 Lakhs is required for Investment in their Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital
4. General Corporate Purpose

Refer to Esprit Stones Limited RHP for more details about the Company.