The Refractory Shapes date has been confirmed from May 6, 2024 and closes on May 9, 2024. Read the post to learn about Refractory Shapes IPO GMP.
Refractory Shapes IPO is a fixed price issue of Rs 18.60 crores. The price band is set at ₹27 to ₹31 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹248,000.
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Key Details Of Refractory Shapes IPO
Bidding Dates
May 6-9
Price Range
₹27 to ₹31 per share
Face Value
₹10 per share
GMP
₹25
Refractory Shapes IPO GMP
The Refractory Shapes IPO GMP is ₹25.
IPO Overview
The Refractory Shapes IPO is a book-built issuance for Rs 18.60 crore. The offering is wholly new, consisting of 60 lakh shares. The Refractory Shapes IPO will be open for subscriptions on May 6, 2024 and close on May 9, 2024. The allotment for the Refractory Shapes IPO is expected to be completed on Friday, May 10, 2024. Refractory Shapes IPO will be listed on NSE SME, with a tentative listing date of Tuesday, May 14, 2024.
The Refractory Shapes IPO price band is from ₹27 to ₹31 per share. The minimum lot size for an application is 4000 shares. Retail investors are needed to invest a minimum of ₹124,000. The minimum investment for HNI is 2 lots (8,000 shares) for ₹248,000.
Refractory Shapes IPO Details
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹31 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹18.60 Cr) |
| Fresh Issue | 6,000,000 shares (aggregating up to ₹18.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,800,000 |
| Share holding post issue | 21,800,000 |
| Market Maker portion | 304,000 shares |
Refractory Shapes Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,380.12 | 5,003.81 | 3,684.82 | 2,723.72 |
| Revenue | 1,957.38 | 3,872.23 | 2,621.67 | 2,179.67 |
| Profit After Tax | 232.21 | 191.74 | 287.04 | 156.39 |
| Net Worth | 1,900.85 | 1,668.64 | 1,476.90 | 1,189.86 |
| Reserves and Surplus | 1,890.85 | 1,658.64 | 1,466.90 | 1,179.86 |
| Total Borrowing | 2,192.28 | 2,048.63 | 1,570.12 | 1,234.18 |
| Amount in ₹ Lakhs | ||||
Refractory Shapes IPO Timeline
| IPO Open Date | Monday, May 6, 2024 |
| IPO Close Date | Thursday, May 9, 2024 |
| Basis of Allotment | Friday, May 10, 2024 |
| Initiation of Refunds | Monday, May 13, 2024 |
| Credit of Shares to Demat | Monday, May 13, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 9, 2024 |
Company Profile
Refractory Shapes Limited was established in 1996 and manufactures a variety of bricks, castables, high alumina catalysts, and ceramic balls. The company’s offerings include pre-cast and pre-fired blocks (PCPF), burner blocks, specifically shaped refractory bricks, dense and insulating castables and mortars. The company also receives orders for metallic anchors, which are used to support the installation of refractory castings and require raw materials such as tabular alumina, low alumina bricks, and insulating bricks.
The company’s manufacturing facilities are located in Pimpri Industrial Area, Pune, Maharashtra, with a total area of 34,788 sq. ft, and in Wankaner, Morbi district, Gujarat, with a total area of 1,74,246 sq.ft. The Company also has an additional 4 acres of land with a total area of 1,74,240 sq. ft. near the present unit at Wankaner, Gujarat, to expand the manufacturing unit, add an extra kiln, and make more types of refractory bricks using pressing machines. On September 30, 2023, the company had 38 employees.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Refractory Shapes Limited |
| Phone number | +91 9819995930 |
| Email ID | [email protected] |
| Website | refshape.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Refractory Shapes IPO FAQs
When Refractory Shapes IPO will open?
The Refractory Shapes IPO opens on May 6, 2024 and closes on May 9, 2024.
What is the lot size of Refractory Shapes IPO?
Refractory Shapes IPO lot size is 4000 Shares, and the minimum amount required is ₹124,000.
When is Refractory Shapes IPO allotment?
The finalization of Basis of Allotment for Refractory Shapes IPO will be done on Friday, May 10, 2024, and the allotted shares will be credited to your demat account by Monday, May 13, 2024.
When is Refractory Shapes IPO listing date?
The Refractory Shapes IPO listing date is not yet announced. The tentative date of Refractory Shapes IPO listing is Tuesday, May 14, 2024.
