EarthStahl & Alloys IPO subscription status started on Friday January 27, 2023 and will close on January 31, 2023. EarthStahl & Alloys IPO to raise around ₹12.96 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹38 to ₹40 per equity share.
The EarthStahl & Alloys IPO minimum market lot is 3000 shares with ₹120,000 application amount. The IPO to list on BSE.
The company was incorporated in 2009 based in Chhattisgarh. They are manufacturer of Cast Iron Lumps and Ductile Iron Pipe Fittings. Their manufacturing plant is located in the village of Duldula nearby Raipur, Chhattisgarh.
IPOWatch View
We recommend investors may apply an IPO with Longterm Views. Investors should also look at the NII, and Retail numbers before investing. You can check the EarthStahl & Alloys IPO allotment status here.
EarthStahl & Alloys IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 2.58 | 4.26 | 39.83 |
| NII | 5.46 | 16.32 | 445.09 |
| RII | 9.61 | 43.17 | 191.55 |
| Total | 6.05 | 22.13 | 235.10 |
EarthStahl & Alloys IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
EarthStahl & Alloys IPO Review
- Avoid / Risky
EarthStahl & Alloys IPO Date & Price Band
| IPO Open: | January 27, 2023 |
| IPO Close: | January 31, 2023 |
| IPO Size: | Approx ₹12.96 Crores, 32,40,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹38 to ₹40 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
EarthStahl & Alloys IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
EarthStahl & Alloys IPO Subscription Dates
| IPO Open Date: | January 27, 2023 |
| IPO Close Date: | January 31, 2023 |
| Basis of Allotment: | February 3, 2023 |
| Refunds: | February 6, 2023 |
| Credit to Demat Account: | February 7, 2023 |
| IPO Listing Date: | February 8, 2023 |
EarthStahl & Alloys IPO Form
How to apply for the EarthStahl & Alloys IPO? You can apply for EarthStahl & Alloys IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the EarthStahl & Alloys IPO in the Invest section. The other option is you can apply for EarthStahl & Alloys IPO via IPO forms downloaded via BSE. Check out the EarthStahl & Alloys forms – Click BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
