
Metals & Alloys · BSE
Incorporated in 2009, Earthstahl & Alloys Limited is engaged in the manufacturing of Cast Iron Lumps and Ductile Iron Pipe Fittings. The cast iron lumps serve as raw materials for products like cast iron pipe fittings, machine components (lathe machines, fan components, manhole covers, decorative cast iron pieces), and other steel or cast iron manufacturing units. Ductile iron pipe fittings are primarily used as connectors in public water supply systems. The company’s manufacturing facility is located in Duldula village near Raipur, Chhattisgarh, spread over approximately 4.73 hectares. Expanding its product portfolio, Earthstahl & Alloys also manufactures plant and machinery components using foam molds for sectors including pellet plants, cement plants, sponge iron plants, power plants, the automobile sector, railway systems, and ductile iron pipe fittings.
Price Band
₹38 – ₹40
Issue Size
₹12.96 Cr
Lot Size
3000 shares
GMP
+50.0%
Est. Listing
₹60
at current GMP
Subscribed
235.18x
overall
Open
27 Jan 2023
Close
31 Jan 2023
Allotment
3 Feb 2023
Refund
4 Feb 2023
Demat Credit
5 Feb 2023
Listing
8 Feb 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹40
Band: ₹38 – ₹40
Estimated Listing Price
₹60
Upper price + GMP
Lot Size
3000 shares
Min investment ₹1,20,000
Estimated Profit / Lot
₹60,000
3000 × ₹20
Grey Market Premium trend
+₹20
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹20 | 50.0% | ₹60 |
| 30 Oct 2026 | +₹20 | 50.0% | ₹60 |
| 29 Oct 2026 | +₹18 | 45.0% | ₹58 |
GMP is unofficial market data. Not a guarantee of listing performance.
Earthstahl & Alloys Limited is bringing an initial public offering (IPO) in the Metals & Alloys sector with an aggregate issue size of ₹12.96 Crores. The shares are offered at a price band of ₹38 to ₹40 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-02-05, while un-allotted funds or UPI block mandates will be released on 2023-02-04.
The latest grey market premium for Earthstahl & Alloys Limited IPO is ₹20, which indicates an expected listing price of ₹60.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.