Refractory Shapes Limited IPO
Refractory Shapes Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹27–₹31 per share. The stock debuted at ₹75, delivering a listing gain of 141.9%. The IPO had a lot size of ₹4000 shares and a minimum investment of ₹1,24,000.
Refractory Shapes Limited IPO
- IPO Dates
- May 6, 2024 – May 9, 2024
- Price band
- ₹27-31 per equity share
- Minimum Investment
- ₹1,24,000
- Issue size
- ₹18.6 Cr
- Lot size
- 4000
- Allotment Date
- May 10, 2024
- Listing
- May 14, 2024
- Listing At
- NSE SME
IPO timeline
-
May 6, 2024
Open Date
Completed
-
May 9, 2024
Close Date
Completed
-
May 10, 2024
Allotment Date
Completed
-
May 14, 2024
Listing Date
Completed
Refractory Shapes Limited IPO Essentials
Refractory Shapes Limited IPO Details
Refractory Shapes Limited IPO is priced at ₹27-31 per share with a total issue size of 18.6 crore. The IPO has a lot size of 4000 shares and is listed on NSE SME.
- Issue price
- ₹27-31 per equity share
- Lot size
- 4000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,000,000 shares(aggregating up to ₹18.60 Cr)
- Total issue size
- 60,00,000 shares
(aggregating up to ₹18.6 crore) - Fresh issue
- 60,00,000 shares
(aggregating up to ₹18.6 crore) - Listing at
- NSE SME
- List price
- 75.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Shreni Shares Limited
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 reservation details show category-wise allocation of shares. Out of the total 6,000,000 shares, approximately 19.07% are reserved for QIB, 14.27% for NII, 33.27% for retail investors, 5.07% for market maker, and 28.33% for 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 Analytics
Refractory Shapes Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Refractory Shapes Limited IPO Subscription Status
Refractory Shapes Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹1.21/-
- EPS Post IPO
- ₹2.13/-
- P/E Pre IPO
- 25.55
- P/E Post IPO
- 14.55
Returns
- ROE
- 15.58%
- ROCE
- 9.79%
- RoNW
- 15.58%
- PAT Margin
- 10.47%
Fundamentals
- Debt / Equity
- 1.18
- Price / Book
- 4.95
Refractory Shapes Limited Financials( In Lakhs)
| 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 |
Refractory Shapes Limited Company & Offer Insights
About Refractory Shapes Limited
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. are the company's promoters of Refractory Shapes Limited.
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 Information
Contact Details
Refractory Shapes Limited
+91 9819995930
B 201, Rustomjee Central Park Chakala,, Andheri-Kurla Road, Andheri (East), Mumbai - 400069
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Refractory Shapes Limited IPO is a book-built IPO worth ₹18.6 crore. The price band is ₹27–₹31 per share. The IPO opens on May 6, 2024 and closes on May 9, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Refractory Shapes Limited IPO is ₹27 to ₹31 per share.
The lot size of Refractory Shapes Limited IPO is 4000 shares.
The minimum investment for Refractory Shapes Limited IPO is approximately ₹1,24,000 based on the upper price band .
Refractory Shapes Limited IPO opens on May 6, 2024 and closes on May 9, 2024.
The allotment date of Refractory Shapes Limited IPO is May 10, 2024.
Refractory Shapes Limited IPO is expected to be listed on May 14, 2024, on NSE SME Platform.
Refractory Shapes Limited IPO valuation snapshot: P/E 14.55, EPS ₹2.13/-, P/B 4.95, RoNW 15.58%, and market cap N/A.
To apply for Refractory Shapes Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Refractory Shapes Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Refractory Shapes Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Refractory Shapes Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Refractory Shapes Limited IPO allotment status on IPO Ji for quick and easy access.