Incorporated in 2009, Earthstahl & Alloys Limited is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps manufactured by the company are then used in the form of raw material to manufacture products like cast iron pipe fittings, machine components such as latche machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting and other units engaged in manufacturing of steel or cast iron products.
The other primary product of the company, i.e., Ductile Iron Pipe Fittings are used in public water supply systems as connectors of pipes.
The manufacturing unit of Earthstahl & Alloys Limited is located in the village of Duldula nearby Raipur, Chhattisgarh, and is spread across an area of around 4.73 hectares of land.
Alongside the efficient manufacturing and delivery of Cast iron Lumps and Ductile iron pipe fittings, the entity is also expanding its horizon by producing parts or components of plant and machinery with the help of foam molds. These products include Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, and Railway & Ductile Iron Pipes Fittings.
| Date | GMP | Kostak | Subject To Sauda | |
| 27 January 2023 | ₹15 | ₹- | ₹- | |
| 26 January 2023 | ₹15 | ₹- | ₹- | |
| 25 January 2023 | ₹15 | ₹- | ₹- |
Earthstahl & Alloys SME IPO Date & Price Band.
| IPO Open: | Jan 27, 2023 |
| IPO Close: | Jan 31, 2023 |
| IPO Size: | ₹12.96 Crores |
| Price Band: | ₹38 to ₹40 per share |
| Listing on: | BSE SME |
| Retail Portion: | 35% of the Net Issue |
| Equity: | 3,240,000 shares |
| Face Value: | ₹10 per share |
Earthstahl & Alloys SME IPO Market Lot
The Earthstahl & Alloys IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).
Shares: Minimum 3000 share
Minimum Amount: ₹120,000
Maximum Amount: ₹120,000
Earthstahl & Alloys SME IPO Allotment & Listing:
- Basis of Allotment: Feb 3, 2023
- Refunds: Feb 6, 2023
- Credit to Demat accounts: Feb 7, 2023