Refractory Shapes Limited IPO
NSE SMEListed On: May 14, 2024 at ₹ 75.0
₹ 248000 /8000 Shares
*Min Investment
06 May, 2024
Open Date09 May, 2024
Close Date10 May, 2024
Allotment Date14 May, 2024
Listing DateRefractory Shapes Limited IPO Issue Details
- Issue Price ₹27-31 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 60,00,000 shares(aggregating up to ₹18.6 crore)
- Fresh Share 60,00,000 shares(aggregating up to ₹18.6 crore)
- Listing at NSE SME
- List Price 75.0
- Listing Date 2024-05-14
- Lead Manager Shreni Shares Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 4000 | ₹1,24,000 |
| Retail(max) | 1 | 4000 | ₹1,24,000 |
| NII (min) | 2 | 8,000 | ₹2,48,000 |
Refractory Shapes Limited IPO Reservation
Refractory Shapes Limited IPO offers total 6,000,000 shares. Out of which 1,144,000 (19.07%) allocated to QIB, 856,000 (14.27%) allocated to NII,1,996,000 (33.27%) allocated to RII, NA (NA%) allocated to employees and 1,700,000 (28.33%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,700,000 (28.33%) | |
| Market Maker Shares Offered | 304,000 (5.07%) | |
| QIB Shares Offered | 1,144,000 (19.07%) | |
| NII (HNI) Shares Offered | 856,000 (14.27%) | |
| Retail Shares Offered | 1,996,000 (33.27%) | |
| Total Shares Offered | 6,000,000 (100%) |
Refractory Shapes Limited IPO Details
Refractory Shapes Limited IPO is an SME IPO, priced at ₹27-31 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 60,00,000 equity shares, aggregating up to ₹18.6 crores..
The IPO bidding window is open from May 6, 2024 to May 9, 2024. The allotment is expected to be finalized on May 10, 2024, and the tentative listing date is May 14, 2024.
The minimum lot size for Retail investors is 4000 shares, with a minimum investment of ₹1,24,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,48,000.
Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Shreni Shares Limited will act as the market maker for this issue.
Refractory Shapes Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,144,000 / 856,000 | 1,996,000 | 3,996,000 |
Day 1 06-05-24 06:00 PM | 0.01 / 2.66 x | 8.21 x | 4.68 x |
Day 2 07-05-24 06:00 PM | 0.05 / 19.42 x | 29.54 x | 18.93 x |
Day 3 08-05-24 06:00 PM | 0.07 / 35.60 x | 61.30 x | 38.27 x |
Day 4 09-05-24 06:00 PM | 90.59 / 462.93 x | 245.71 x | 247.83 x |
Refractory Shapes Limited Valuations
Refractory Shapes Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 5,003.81 | 3,684.82 | 2,723.72 |
| Revenue | 3,872.23 | 2,621.67 | 2,179.67 |
| Profit After Tax | 191.74 | 287.04 | 156.39 |
| Net Worth | 1,668.64 | 1,476.90 | 1,189.86 |
| Reserves & Surplus | 1,658.64 | 1,466.90 | 1,179.86 |
| Total Borrowing | 2,048.63 | 1,570.12 | 1,234.18 |
About Refractory Shapes Limited Company
Refractory Shapes Limited was founded in 1996. It produces all types of Bricks, Castables, high alumina catalysts, and Ceramic Balls.
PCPF, Burner blocks, specially shaped refractory bricks, dense and insulating castables, and mortars form the company product list. In addition to this, the company also receives orders for metallic anchors, which are used as supports for the installation of refractory castings for which raw materials like tabular alumina, low alumina bricks, and insulating bricks, etc. are required.
The manufacturing facilities of the Company are situated at Pimpri Industrial Area, Pune, Maharashtra, with an area of 34,788 sq. ft, and at Wankaner, Morbi district in Gujarat, with an area of 1,74,246 sq. ft. Moreover, the company also has land additional to it in the 4 acres holding area totaling 1,74,240 sq. ft. from the existing unit at Wankaner, Gujarat to expand the production unit, to install an additional kiln and to manufacture more different varieties of refractory bricks on pressing machines.
As of September 30, 2023, the company had 38 employees.
Refractory Shapes Limited - Promoter(s)
Mr. Dayashankar Krishna Shetty
Ms. Pratibha Dayashankar Shetty
Ms. Prajna Shravan Shetty.
Pre Issue Share Holding : 100%
Post Issue Share Holding : 72.48%
Refractory Shapes Limited IPO - Issue Objectives
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.
Refractory Shapes Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Refractory Shapes Limited | 1.21 | 1.21 | 10.56 | N/A | 11.49 | 2.94 | Standalone |
| Sp Refractories Limited | 6.56 | 6.56 | 49.97 | 17.45 | 7.13 | 2.14 | Standalone |
| Ifgl Refractories Ltd | 16.97 | 16.97 | 172.67 | 31.91 | 10.12 | 4.04 | Standalone |
Notes:
- The figures for Refractory Shapes Limited are based on the Restated Financial Statements for the year ended March 31, 2023, after accounting for the bonus shares allotted on December 20, 2023.
- The figures for the peer group are based on the Standalone Financial Statements for the financial year ended March 31, 2023.
- The P/E Ratio has been computed based on the closing market price on February 06, 2024, divided by the Basic EPS as of March 31, 2023.
- CMP represents the closing or last traded price of the respective scripts as of February 06, 2024.
Contact Details
Refractory Shapes Limited
B 201, Rustomjee Central Park Chakala,, Andheri-Kurla Road, Andheri (East), Mumbai - 400069
+91 9819995930
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Refractory Shapes Limited IPO - FAQs
Ans. Refractory Shapes Limited IPO is a SME IPO. The issue is priced at ₹27-31 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on May 6, 2024, and closes on May 9, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Refractory Shapes Limited IPO opens on May 6, 2024 and closes on May 9, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Refractory Shapes Limited IPO is 6,000,000 shares(aggregating up to ₹18.60 Cr).
Ans. The Refractory Shapes Limited IPO price band is set between ₹27-31 per equity share.
Ans. To apply for Refractory Shapes Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Refractory Shapes Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Refractory Shapes Limited IPO is May 10, 2024.
Ans. The Refractory Shapes Limited IPO will be listed on May 14, 2024.
Ans. Follow the steps to check the Refractory Shapes Limited IPO allotment status online.
