Esprit Stones IPO allotment: Steps to check status on NSE, Link Intime

Esprit Stones Ltd is likely to finalise share allotment status on Wednesday, July 31, after a successful subscription.

The engineered stones manufacturer's NSE SME IPO closed with a robust subscription of 185 times on July 30. The IPO received strong demand from retail and non-institutional investors.

After the allotment, the company will initiate refunds and credit shares to demat accounts on August 1. On August 2, shares of Esprit Stones Ltd will be listed on the NSE SME platform Emerge.

The investors who are waiting for the share allotment can check the status on the websites of the NSE and IPO registrar Link Intime India Private Ltd.

How to check Esprit Stones Ltd share allotment on IPO registrar website

• Open Link Intime India Pvt ltd website at https://www.linkintime.co.in/
• Go to Investor Services and click on Public Issues
• Select Esprit Stones Ltd
• Enter your application No, PAN, DP/Client ID or Account No/IFSC
• Submit to check the allotment status

How to check Esprit Stones Ltd IPO share allotment on NSE

• Go to NSE IPO allotment status page at https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create username and password on the official website of NSE)
• Select Esprit Stones Ltd
• Verify PAN No
• Enter IPO application number
• Click on ‘Submit’

Esprit Stones Ltd IPO details

The IPO of Esprit Stones Ltd. was open for subscription from July 26 to July 30, 2024. The ₹50.42 crore public offer was a fresh issue of 57.95 lakh shares with no Offer for Sale component. The company fixed the price band at ₹82 to ₹87 per share. The minimum lot size was 1600 shares, and the minimum investment amount was ₹1,39,200.

Esprit Stones Ltd IPO subscription

According to exchange data, the IPO was booked more than 185 times at the close of bidding on Tuesday, July 30. Total bids for 72.3 crore shares were received against 38.91 lakh shares on offer for subscription.

The retail portion was booked 145 times. The Non-Institutional Investors’ (NIIs) quota was booked 399 times. The Qualified Institutional Buyers (QIBs) booked their segment 117.63 times.

Esprit Stones is primarily engaged in the manufacturing of engineered stones. It produces engineered quartz surfaces and engineered marble surfaces, and its subsidiary HSPL manufactures engineered marble surfaces.

The company has proposed to invest ₹14 crore of IPO proceeds to meet its working capital requirements.

Esprit Stones will invest ₹19.5 crore of the IPO proceeds in its subsidiary, Haique Stones Private Limited (HSPL), for repayment or prepayment in part or full of its outstanding borrowings. It will also utilise ₹6.5 crore of IPO proceeds to meet the working capital requirement of HSPL. The rest of the funds will be used for general corporate purposes.