The share price of Esprit Stones debuted on NSE SME today. The opening price of Esprit Stones shares today was Rs 93.15, a 7.1% increase above the Rs 87 issue price.
The subscription period for Esprit Stones’ initial public offering (IPO) was open from Friday, July 26, until Tuesday, July 30. Shares in the Esprit Stones IPO are priced between Rs 82 and Rs 87, with a face value of Rs 10. There are multiples of those shares available and at least 1600 of those shares are up for bid. On the final day of bidding, the Esprit Stones IPO subscription status was 185.82 times.
Founded in 2016, Esprit Stones Limited creates engineered surfaces out of quartz and marble. By March 2024, the Manufacturing Facility I will have three pressing lines and two polishing lines, allowing it to generate around 72 lakh square feet a year. Additionally, the company started producing the quartz grit and quartz powder required to create engineered quartz at their Manufacturing Facility II. The company’s third industrial facility makes unsaturated polyester resin.
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