Refractory Shapes Limited IPO is an NSE SME IPO. They are going to raise ₹18.60 Crores via IPO. The issue is priced at ₹27 to ₹31 per equity share. The IPO is to be listed on NSE.
Refractory Shapes Limited IPO opens for subscription on May 06, 2024, and closes on May 09, 2024. The allotment for the Refractory Shapes Limited IPO is expected to be finalized on May 10, 2024. Refractory Shapes Limited IPO will list on NSE SME with tentative listing date fixed as May 14, 2024.
| IPO Details | allotment |
| Minimum Investment ₹124,000 /1 Lot (4000 shares) | Price Range ₹23-₹31 | |
| Max Quantity 1 Lots/4000 Shares | Max Investment ₹124,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 18.60 Cr | Employee Discount ₹0 |
| Total Issue Size 6,000,000 Shares (aggregating up to ₹18.60 Cr) | Share Holding Pree Issue 15,800,000 | Issue Type Book Bulit Issue IPO |
| Fresh Issue Share 6,000,000 Shares (aggregating up to ₹18.60 Cr) | Share Holding Post Issue 21,800,000 | Listing At NSE SME |
| Market Maker Portion 304,000 Shares (Shreni Shares) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 06 May 2024 |
| Offer Ends | 09 May 2024 |
| Allotment | 10 May 2024 |
| Refunds | 13 May 2024 |
| Credit of shares to Demat account | 13 May 2024 |
| IPO Listing | 14 May 2024 |
About Refractory Shapes Limited
Refractory Shapes Limited was founded in 1996 and manufactures various types of Bricks, Castables, high alumina catalysts and Ceramic Balls.
The company’s product list includes pre-cast and pre-fired blocks (PCPF), Burner Blocks, specially shaped refractory bricks, dense and insulating castables, and mortars. The company also receives orders for metallic anchors, which are used as supports for the installation of refractory castings and for which raw materials such as tabular alumina, low alumina bricks and insulating bricks, etc. are required.
| Incorporated in | Managing Director |
| 1996 | Mr. |
Share Holding
The company’s promoters are Mr. Dayashankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, and Ms. Prajna Shravan Shetty.
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 72.48% |
Refractory Shapes Limited IPO Prospectus
| Refractory Shapes Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹3,872.23 | ₹2,621.67 | ₹2,179.67 |
| Assets | ₹5,003.81 | ₹3,684.82 | ₹2,723.72 |
| Profit | ₹191.74 | ₹287.04 | ₹156.39 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 67.58Cr | ROE | 15.58% |
| P/E (X) | 25.55 | ROCE | 9.79% |
| POST P/E (X) | 16.46 | EPS | 1.21 |
| Debt to Equity | 1.18 | RONW | 15.58% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Funding of Capital expenditure towards civil construction required for Expanding and setting up a new manufacturing unit at the existing location situated at Wankaner, Gujarat.
- Funding of Capital expenditure towards the purchase of Plant and machinery for Expanding and setting up a new manufacturing unit at the existing location situated at Wankaner, Gujarat.
- Purchase of commercial vehicle.
- General corporate purposes.
Brokerage Firm IPO Review
- To be updated soon
| Refractory Shapes Limited Contact Details | |
| Address | Refractory Shapes Limited B 201, Rustomjee Central Park Chakala, Andheri-Kurla Road, Andheri (East), Mumbai – 400069 |
| Phone: | +91 9819995930 |
| investors@refshape.com | |
| Website | https://www.refshape.com/ |
| Refractory Shapes Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
| Refractory Shapes Limited IPO Allotment Status Check |
| Refractory Shapes Limited IPO Allotment Status Check Click Here |
| Refractory Shapes Limited Lead Managers | |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumb | |
| Phone | +91 22 2808456 |
| shrenishares@gmail.com | |
| Website | http://shreni.in/ |
Refractory Shapes Limited IPO FAQs
What is Refractory Shapes Limited IPO?
- Refractory Shapes Limited IPO is an NSE SME IPO. They are going to raise ₹18.60 Crores via IPO. The issue is priced at ₹23 to ₹31 per equity share. The IPO is to be listed on NSE.
- The IPO opens on May 06, 2024, and closes on May 09, 2024.
When Refractory Shapes Limited IPO will open?
- The IPO is to open on May 06, 2024, for QIB, NII, and Retail Investors. and closes on May 09, 2024
What is Refractory Shapes Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Refractory Shapes Limited IPO Size?
- Refractory Shapes Limited IPO size is ₹18.60 crores.
What is Refractory Shapes Limited IPO Price Band?
- Refractory Shapes Limited IPO Price Band is ₹23 to ₹31 per equity share.
What is Refractory Shapes Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (4000 Shares) with ₹124,000. and Maximum Lot Size 1 Lots (4000 Shares) with ₹124,000
What is Refractory Shapes Limited IPO Allotment Date?
- Refractory Shapes Limited IPO allotment date is May 10, 2024.
What is Refractory Shapes Limited IPO Listing Date?
- Refractory Shapes Limited IPO listing date is May 14, 2024. The IPO to list on NSE.