
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
Overall Subscription
235.18x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,620,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 486,000 | — | 0.00x |
| Retail Individual (RII) | 1,134,000 | — | 0.00x |
| Total | 3,240,000 | 0 | 235.18x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 378 | 88,898 | 235.18x |
| HNIs (10L +) | 2 | 470 | 235.00x |
| HNIs (2-10L) | 12 | 2,822 | 235.17x |
| Total Applications | 392 | 92,190 | 235.18x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Earthstahl & Alloys Limited IPO is ₹20 per equity share. Based on the upper price band of ₹38 to ₹40 per equity share, the estimated listing price is ₹60 (+50.0% expected listing gain).
With a lot size of 3000 shares and current GMP of ₹20, the expected profit per application lot is approx ₹60,000 (+50.0% gain). Minimum application cost is approx ₹1,20,000.
The Earthstahl & Alloys Limited IPO aggregate issue size is ₹12.96 Crores with an equity price band set at ₹38 to ₹40 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 235.18x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-02-03. Investors can verify status using PAN card or application number.
Earthstahl & Alloys Limited shares are scheduled to list on BSE on 2023-02-08.