Esprit Stones IPO

Don't have a Sharekhan account?
Open demat account in 15 mins*!

More about the IPO Company details How to apply IPO online How does an IPO work?

Company Details

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.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

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).

IPO Calendar

List of IPOs

3B Films Ltd.

Price: 50 - 50 | IPO Lot Size: 3000 | IPO Issue Size: NA
Open Date: 30 May 2025 | Close Date: 03 Jun 2025

Esprit Stones IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

IPO Calendar

List of IPOs

3B Films Ltd.

Ganga Bath Fittings Ltd.

Go Airlines (India) Ltd.

Snapdeal Ltd.

National Securities Depository Ltd.

Lava International Ltd.

Navi Technologies Ltd

BMW Ventures Ltd.

VLCC Healthcare ltd

Oravel Stays Ltd.

Seven Seaz Vacations Ltd.

Sunshine Pictures Ltd.

Wework India Management Pvt. Ltd.

India1 Payments Pvt. Ltd.

Genius Consultants Ltd

Indogulf Cropsciences Ltd.

Innovision Ltd.

SIS Cash Services Pvt. Ltd.

Viney Corporation Ltd.

Api Holdings Ltd.

Survival Technologies Ltd.

Onest Ltd.

Park Smart Solutions Ltd.

Netanalytiks Technologies Ltd.

Skill Tree Consulting Ltd.

Icon Facilitators Ltd.

Durgadevi Raiment Ltd.

Ultra Rich Weddings Ltd.

Repono Ltd.

Inductus Ltd.

Sugs Lloyd Ltd.

Healthvista India Ltd.

Valencia India Ltd.

Safecure Services Ltd.

Earthood Services Ltd.

Shanti Gold International Ltd.

Euro Pratik Sales Ltd.

Innovatiview India Ltd.

SSBA Innovations Ltd.

National Stock Exchange of India Ltd.

SKIL Infrastructure Ltd.

J K Files & Engineering Ltd.

Avana Logistek Ltd.

Shree Shubham Logistics Ltd.

UIC Udyog Ltd.

Bajaj Energy Ltd.

Advanced Systems Automation Ltd.

BVG India Ltd.

Speciality Molecules Ltd.

Genera Agri Corp Ltd.

Usher Eco Power Ltd.

Wapcos Ltd.

Sahajanand Medical Technologies Pvt.Ltd.

Star Agriwarehousing & Collateral Managment Ltd.

M K Roy & Bros Projects Pvt.Ltd.

Asianet Satellite Communications Ltd.

TV Vision Ltd.

Adlabs Entertainment LLC

Videocon D2h Ltd.

Deltatech Gaming Ltd.

Bluestone Jewellery And Lifestyle Pvt. Ltd.

Adcounty Media India Ltd.

Amar Ujala Publications Ltd.

Rachit Prints Ltd.

Sresta Natural Bio Products Pvt.Ltd.

Corrtech International Pvt.Ltd.

Chartered Speed Pvt.Ltd.

Varahi Ltd.

Aakash Educational Services Pvt. Ltd.

Jawed Habib Hair & Beauty Ltd.

Abhitech Energycon Ltd.

Kalpataru Ltd.

Seedworks International Pvt.Ltd.