Introduction
Esprit Stones Limited IPO clearly indicates the new step in the development of the company with the purpose of increasing its market share and developing the necessary financial potential. Esprit Stones limited is a company operating in the manufacturing and exporting of natural stones especially those of high quality in the international markets. In this case, this article focuses on giving detailed information on Esprit Stones Limited’s IPO, including a firm background, the current position and steadfastness, business techniques, market scope, and more to do with the IPO.
Company Overview
About Esprit Stones Limited
Since the beginning of time, marble has been a material of interest to man. From arts to architecture, marble has been the preferred material for eternity. Like all good things have a character, marble also has its own destiny and pros and cons which led to the search for an alternative which ended on quartz stone surfaces. In this regard quartz surfaces embody the combination of aesthetics, functionality and durability that architects and designers have strived for in the current society. An innovative blend of natural quartz and other raw materials that are highly tough and durable. Collectively these characteristics make it the most suitable material for kitchen countertops, bathroom use, floor and as sidings. It has aesthetic qualities like natural stone with a variety of color options and unique surface patterns.
Tentative Details of Esprit Stones Limited IPO
Esprit Stones Limited IPO opens on July 26, 2024, and closes on July 30, 2024.
| IPO Open Date | Friday, July 26, 2024 |
| IPO Close Date | Tuesday, July 30, 2024 |
| Basis of Allotment | Wednesday, July 31, 2024 |
| Initiation of Refunds | Thursday, August 1, 2024 |
| Credit of Shares to Demat | Thursday, August 1, 2024 |
| Listing Date | Friday, August 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 30, 2024 |
Financial Details of Esprit Stones Limited IPO
Esprit Stones Limited’s revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 27,459.35 | 23,802.24 | 18,069.74 |
| Revenue | 27,477.82 | 17,606.52 | 19,002.60 |
| Profit After Tax | 1,031.73 | 355.72 | 1,850.53 |
| Net Worth | 7,238.80 | 6,227.81 | 5,893.32 |
| Reserves and Surplus | 5,623.80 | 5,277.81 | 4,943.32 |
| Total Borrowing | 12,541.91 | 11,879.55 | 5,799.76 |
| Amount in ₹ Lakhs | |||
Promoter Holding of Esprit Stones Limited IPO
The promoters of the Company are Sunilkumar Lunawath, Nitin Gattani, Pradeepkumar Lunawath, Sangeeta Gattani, Anushree Lunawath and Siddhanth Lunawath
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post Issue |
Financial Health
Revenue and Profitability
In the case of financial performance, the company has displayed a gradual increase in its revenues year after year. They also highlighted that the company enjoys very high domestic sales and fairly good export numbers. Also, healthy profit margins have also been reported due to the company’s overemphasis on cost controls and efficiency in operations. In analyzing the company’s financial statements, the general outlook portrays a steady and expanding business concern in the future.
Debt and Equity Structure
It positively shows the company’s sound financial health measured by debt-to-Equity ratio. Over the years, Esprit Stones Limited has not indulged itself in excessive borrowings because the management appreciates the risks of debt. This particular branch of finance gives the company the leeway to expand on various or new investments while at the same time ensuring that the company’s financial health is not under threat.
Dividend Policy
Esprit Stones Limited IPO has particularly demonstrated good practice in its conduction of paying its shareholders’ regular dividends. TDC’s dividend policy with regard to its consistent dividends paying prove that it has a solid cash flow generation and it aims at sharing profit with its shareholders. The generated IPO proceeds are expected to improve the firm’s financial status, thus enabling him to continue with his dividend distribution policy.
Market Potential
Industry Overview
Through this report, the global natural stone industry has been predicted to grow due to enhanced construction activities and people’s Shift towards beautiful and long-lasting products. Some of the reasons that consumer globally continues to call for natural stones are mainly because of ease of applying them in a number of ways, their durability as well as their universal beauty. Thus, having a wide range of products and many years of experience in the market, Esprit Stones Limited IPO has every chance to succeed in this direction.
Competitive Landscape
Esprit Stones Limited IPO is located in a strongly competitive industry in which numerous competitors exist. However, the company has quality, innovation and customer satisfaction than it is competitors is very strong. Currently, the company boasts a rather robust brand image together with sales coverage that put it in a vantage spot especially with regards to competition in home and global markets.
Growth Opportunities
In essence, the IPO proceeds will help Esprit Stones Limited IPO in pursuing a number of investment opportunities such as increase in production capacity, market diversification and product differentiation. New manufacturing plants as well as increased focus on research and development, and the identification of new growth opportunities are also expected in the future. These initiatives are anticipated to deliver firm’s strategic market standing and improve shareholder worth.
Conclusion
Esprit Stones Limited IPO can be considered a very attractive IPO candidate with good financial results, a solid and sustainable business model, and growth potential. The firm’s strategic plan of providing quality and innovatively manufactured natural stones makes it strategic in maximizing on the prospect. Through the IPO, the company will be able to raise capital required to fund expansion strategy, improve its position in the market, and ultimately generate value to its shareholders. The natural stone industry being a fascinating industry for investors with long term growth prospects are advised to invest in Esprit Stones Limited IPO through the offer of its IPO. Even in the present market conditions, the company is quite attractive for investing for several reasons relating to fundamentals of the business, its market appeal, and the strategic plans set for the future. Esprit Stones Limited as a company has strong statistics and definite strategic development plans for the future, so it is ready to have successful IPO. Click here to know more about IPO
How to apply Esprit Stones Limited IPO?
STEPS to login in Zerodha Console
Step 1: Go-to the console page of zerodha. Then Click on log in to your account Enter this Zerodha user ID, password and PIN access your account.
Step 2: Go to the IPO Segment
Step 3: Visit the ‘Portfolio’: After login click on Portfolio tab, available at left side menu.
Step 4: IPO search Click on ‘IPO’ which is under the tab of Portfolio to view a list comprising all active IPOs.
Step 5: Click on the Esprit Stones Limited IPO
Search the IPO: You can filter by Esprit Stones Limited IPO and search from a list of available public offerings.
Finally, click on ‘Apply’: Upon finding Esprit Stones Limited IPO you just need to select Apply (along with Submit after entering the input details).
Step 6: Type your Application Details
In the application form, you have to enter your UPI ID: Enter Your UPI Id Once added the UPI ID, it can link to a bank account which have enough balance for applying.
Bid Quantity: Qty Enter Number of shares Qty up to Bid Price, Integer only Click on the option ‘Cut-off’ to apply at cut-off price.
Check your field details: Review All the accurate information entered
Step 7: Apply for the position
Submission: After filling all these opportunities click on the submit button as shown below.
UPI Mandate: There you will get a UPI mandate request in your UPI app. Open the app and confirm the mandate to withhold funds for IPO application
Step 8: Trust the Process
Verify the status: After you have accepted a UPI mandate, your IPO application will be submitted successfully Processed Petition available in the IPO tab under Order Book.