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Earthstahl & Alloys IPO is a book build IPO listing on BSE SME exchange. The company is based in Raipur and caters to Steel - Tubes And Pipes sector. Hem Securities is the merchant banker of Earthstahl & Alloys IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 11th January 2023.
Earthstahl & Alloys IPO open date is 27th January 2023 and close date is 31st January 2023. IPO Allotment Date is 3rd February 2023 and Listing date is 8th February 2023.Earthstahl & Alloys IPO size is Rs 12.96 Cr. crores with IPO price of Rs 40.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Earthstahl & Alloys IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Securities Limited for Earthstahl & Alloys IPO.
Earthstahl & Alloys IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Earthstahl & Alloys IPO, based in Raipur, operates in the Steel - Tubes And Pipes sector with a focus on Manufacturing Cast Iron Lumps. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Earthstahl & Alloys IPO size is ₹ 12.96 Cr. Crores with fresh issue size of Rs 12.96 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Earthstahl & Alloys IPO is expected to be 3rd February 2023, after the finalization of basis of allotment. Investors can check Earthstahl & Alloys IPO allotment status on the registrars website, Bigshare Services Private Limited. Earthstahl & Alloys IPO refund dates are 6th February 2023.
Earthstahl & Alloys IPO is expected to be listed on 8th February 2023.
The upper price band for the Earthstahl & Alloys IPO is set at ₹ 40.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Earthstahl & Alloys IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Earthstahl & Alloys IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 31st January 2023. After submission, funds are blocked until the basis of allotment of Earthstahl & Alloys IPO is finalised.
The merchant banker for Earthstahl & Alloys IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Earthstahl & Alloys IPO RHP for further details.
The registrar for Earthstahl & Alloys IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Earthstahl & Alloys IPO through their official website or helpline.
Earthstahl & Alloys IPO was subscribed 235.18 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 12.96 Cr.
Avg IPO Size (Sector Based)
:
₹ 17.02 Cr.
Sector: Steel - Tubes And Pipes
SME IPO so far:
9
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Raipur
SME IPO so far:
6
Revenue (annualised):
₹ 96.30 cr.
PE
Ratio:
4.22x
Average Sector PE Ratio: 13.21x
Earthstahl & Alloys IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Earthstahl & Alloys Financial Review Page
Merchant Banker(s) of Earthstahl & Alloys IPO: Hem Securities Limited
Earthstahl & Alloys IPO subscription was 235.18 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Earthstahl & Alloys IPO listed at a listing price of 55.00 against the offer price of 40.00.
The current market price of Earthstahl & Alloys is 28.50.
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