What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Esprit Stones Limited IPO allotment date?

The basis of allotment for Esprit Stones Limited IPO is scheduled to be finalized on 31 Jul 2024.

Where can I check Esprit Stones Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 1 Aug 2024.

Esprit Stones Limited

ListedSME

Construction Materials · NSE

Founded in 2016, Esprit Stones Limited specializes in manufacturing engineered quartz and marble surfaces. As of March 2024, the company operates Manufacturing Facility I with three pressing lines and two polishing lines, achieving an annual production capacity of around 72 lakh sq. ft. It also runs Manufacturing Facility II for producing quartz grit and quartz powder, key raw materials used in engineered quartz, along with a third facility dedicated to manufacturing unsaturated polyester resin. Backed by certifications such as ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard, Esprit Stones maintains strong quality and sustainability standards. As of May 31, 2024, the company employs 295 people across various departments.

Price Band

₹82 – ₹87

Issue Size

₹50.35 Cr

Lot Size

1600 shares

GMP

₹33

+37.9%

Est. Listing

₹120

at current GMP

Subscribed

185.93x

overall

Open

26 Jul 2024

30 Jul 2024

Allotment

31 Jul 2024

Refund

1 Aug 2024

Demat Credit

2 Aug 2024

Listing

2 Aug 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Esprit Stones Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

31 Jul 2024

Basis finalization

Refunds Initiate

1 Aug 2024

Mandate release

Demat Credit

2 Aug 2024

Shares in demat

Listing Debut

2 Aug 2024

Trading begins

How to Check Esprit Stones Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Esprit Stones Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Esprit Stones Limited Public Issue & Market Profile

Esprit Stones Limited is bringing an initial public offering (IPO) in the Construction Materials sector with an aggregate issue size of ₹50.35 Crores. The shares are offered at a price band of ₹82 to ₹87 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-07-30, the basis of allotment is scheduled to be finalized on 2024-07-31. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.