Esprit Stones Limited
listed
₹1.31LMin. investment
Esprit Stones Limited IPO Details
Issue size
₹50.42Cr
IPO type
SME
Price range
₹82.00 – ₹87.00
Lot size
1600 shares
RHP/DRHP
Read
Price range₹82.00 – ₹87.00
IPO type
SME
Lot size1600 shares
Issue size₹50.42Cr
RHP/DRHP
Read
Checklist
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
About Esprit Stones Limited
Founded in 2016, Esprit Stones Limited stands as a significant force in India's Engineered Stones sector, specializing in the production of engineered quartz and marble surfaces. Backed by the Aravali and Gattani groups from Udaipur, Rajasthan, the company has swiftly expanded its operations and capabilities. It primarily manufactures engineered quartz surfaces in its main facility, while through its subsidiary HSPL, it produces engineered marble surfaces. This strategic approach has positioned Esprit Stones as a key player in the market, recognized for its high-quality, durable products that offer superior resistance to scratches, stains, and heat compared to natural stones and other solid surfaces.
Esprit Stones commitment to innovation is evident in its tailored manufacturing processes designed to enhance product consistency, quality, and durability while maximizing aesthetic appeal. Through continuous research and development, Esprit Stones introduces a variety of colors, designs, and textures, catering to diverse residential and non-residential applications such as kitchen countertops, bathroom vanities, floors, and wall cladding. This innovation extends to their sourcing practices, ensuring high-quality raw materials through rigorous quality control measures at their manufacturing facilities.
Esprit Stones has strategically invested in vertical integration to bolster its supply chain resilience. By establishing facilities for the production of quartz grit, quartz powder, and unsaturated polyester resin (a crucial ingredient for Engineered Stones), the company has reduced dependency on external suppliers, thereby ensuring better control over material quality and production timelines. This vertical integration strategy has been instrumental in supporting their rapid growth and maintaining competitive advantage in the market.
Internationally, Esprit Stones has made significant strides, exporting its products to over 10 countries, including the USA, Canada, Egypt, and Saudi Arabia. A substantial portion of their sales comes from exports, underscoring their global reach and market penetration. Domestically, the company has expanded its footprint through a network of distributors and the establishment of a premium brand, 'Haique' (formerly 'Haiqu'), which aims to epitomize luxury and sophistication in Engineered Stones. Plans to enhance market presence include setting up an experience center in Kishangarh, Rajasthan, and reinforcing their brand through strategic partnerships and targeted marketing efforts.
Esprit Stones vision and industry expertise have been pivotal in navigating market dynamics, driving innovation, and fostering sustainable growth. Moving forward, the company remains committed to expanding its product portfolio, enhancing customer relationships, and solidifying its position as a leader in the Engineered Stones industry through continued investment in innovation and market expansion strategies.
Esprit Stones Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- Funding Working Capital requirement of the company
- Investment in theirSubsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
- Investment in their Subsidiary, HSPL for funding its working capital requirement
- General corporate purpose
Frequently asked questions
How to invest in the Esprit Stones Limited ?
Investors can apply for the Esprit Stones Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Esprit Stones Limited ?
The issue size of the Esprit Stones Limited is 50.42 Cr.
What is 'pre-apply' for Esprit Stones Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Esprit Stones Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.