Earthstahl & Alloys IPO Analysis at Chanakyanipothi.com,
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Earthstahl & Alloys: Company Details

Located in steel hub of Raipur Chhattisgarh, EARTHSTAHL & ALLOYS is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. Cast Iron Lumps are used as raw material in the steel foundries to manufacture products like cast iron pipe fittings, machine components such as latche machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting and other units engaged in manufacturing of steel or cast-iron products. Ductile Iron Pipe Fittings are used in public water supply systems as connectors of pipes.
Plant & Manufacturing Process: Its manufacturing unit is located in the village Duldula about 50 KMs from Raipur, Chhattisgarh and is spread across an area of around 4.73 hectares of land. It is using waste generated by integrated steel plants, sponge iron plants and rolling mills in its manufacturing process as raw material and recover iron from the left-out waste, thus conserving the environment. The plant is located near to the source of raw material i.e. Bhilai Steel Plant of SAIL and other pellet and sponge iron plants located in Raipur and surrounding area. Strategic location of its manufacturing facility ensures its access to ferrous waste, steel scrap, pig iron (steel grade), carburizer, ferro alloys and other raw materials like coal, coke and dolomite required in manufacturing process forming a substantial part of cost of production at a low logistic cost.

Quality Standards: The company has been granted ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems and ISO 45001:2018 for occupational health and safety management systems. Further, its range of products for ductile iron pipe fittings are BIS Certiifed and eligible to be sold to the European market being compliant with the requirements of CPR (EU) No. 305/2011, thee Construction Product regulation which is a requirement for supply in the European Union countries. Further, it is approved vendor for supply of ductile iron pipe fittings to Rural Water Supply & Sanitation, Odisha, Maharashtra Jeevan Pradhikaran and it has also received approval from Water Regulations Approval Scheme Ltd, UK for supply of the same in United Kingdom.
Market: Currently it sells its products primarily in the state of West Bengal, Punjab, Orissa, Gujarat, Madhya Pradesh and Maharashtra.
Qualitative strengths according to the management
a) Strategically located manufacturing plant resulting in cost and time efficiencies
b) Environment friendly manufacturing process generating Wealth from Waste
c) Quality Assurance
d) Diversified Client Base and long-standing relationship with our customers
e) Experienced Promoters, Board and senior management team
For more information about the company, Click www.earthstahl.com

Promoters of the IPO
Ravi Thakurdasji Laddha, Rajesh Somani, Prawin Somani and Padam Kumar Jain

Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for
1. Funding capital expenditure towards change in electricity supply voltage from 33 KV to 132 KV at its manufacturing facility at Village Duldula, Baloda Bazar
2. To meet Working Capital requirements

Go to Mainboard IPOs Section: Click