Esprit Stones Ltd is primarily engaged in the manufacturing of Engineered Stones such as: (i) engineered quartz surfaces; and (ii) engineered marble surfaces.
Their Company majorly manufactures engineered quartz surfaces and through their Subsidiary, HSPL, theymanufacture engineered marble surfaces. They are one of the key Engineered Stones players in India. (Source: CARE Report). Engineered Stones are composite material formed out of crushed stone that is held together by an adhesive. Engineered Stone’s non-porothem characteristics, offer superior scratch, stain and heat resistance, making them extremely durable and therefore get an edge over competing products such as natural stones, laminate and other manufactured solid surfaces The strength, consistency, durability and appearance of their Engineered Stones, as well as their low maintenance makes it ideal for its application for vanities & bathroom surfaces, kitchen countertops, floors and wall cladding furniture, and other interior surfaces that are used in a variety of residential and non-residential applications. Through their innovative design and manufacturing processes, theyare able to offer their product in wide variety of colours, styles, designs and textures.
They have customized their manufacturing processes in order to maximize the consistency, quality, durability and crack resistance of their Engineered Stones while also increasing its slickness and luster. Together with their research and development capabilities, their manufacturing expertise enable them to develop a number of aesthetically distinct designs for their products. They continually work to ensure that theyacquire high quality raw materials for their Engineered Stones and ensure that their high-quality standards are met by conducting ongoing quality control checks of the raw materials and finished goods at their Manufacturing Facilities. At present theyare one of the key Engineered Stones players in the Indian Market (Source: CARE Report) and theymarket and sell their Engineered Stones in domestic as well as international markets through a combination of direct export sales and a network of independent distributors in the domestic market. As on the date of this Red Herring Prospectus, theyare exporting to over 10 countries including USA, Canada, Egypt, Bulgaria, UAE, Saudi Arabia, etc. under white labelling. A majority of their sales comprise of export sales.
During the Fiscals 2024, 2023 and 2022, theyderived 59.87%, 72.75% and 92.44% of their sales from exports, respectively. Further, out of their total exports, 94.43%, 97.51% and 96.47% are exported to USA during the Fiscals 2024, 2023 and 2022 respectively. Further during Fiscal 2024 and 2023 the Company made 64.43% and 25.73% of their export sales to USA through their foreign subsidiary, Haique Stones Inc. Their Company is in the process of setting up of an experience centre at Kishangarh, Rajasthan, the marble city of India. Additionally, their Company also has a storage facility and sales office in Mumbai, Maharashtra.
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
Yes. IPO & Bonds will reflect in the portfolio.
In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.
Yes, you will receive a sms once the IPO form is processed.
BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
This report provides the debit/credit entry of all the transfers done in the IPO and MF account
Click here to check the status of your IPO application
This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).
