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28 Feb, 2026
Refractory Shapes Limited IPO
REFRACTORY SHAPES Ltd. produces Special Shapes, Custom made Refractory shapes & Ceramic Balls of Low & Medium purity of top quality with superior performance. The company has a fully equipped plant and is situated in Pune, India, 170 kms. From Mumbai with latest equipment to produce Refractory Shapes and Castables of highest standards. However, its most important asset is the skill of workmen, acquired over three decades of manufacture. Refractory aggregates from carefully selected and processed raw material are also produced at the plant. Refractory Shapes IPO is a book built issue of Rs 18.60 crores.
The issue is entirely a fresh issue of 60 lakh shares. Refractory Shapes IPO price band is set at ₹27 to ₹31 per share. The minimum lot size for an application is 4000 Shares. Shreni Shares Limited is the book running lead manager of the Refractory Shapes IPO, while Big share Services Pvt Ltd is the registrar for the issue. The market maker for the Refractory Shapes IPO is Shreni Shares.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Refractory Shapes Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Refractory Shapes Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 6, 2024 to May 9, 2024 |
| 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 Shreni Shares |
Refractory Shapes Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Refractory Shapes Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹124,000 |
| Retail (Max) | 1 | 4000 | ₹124,000 |
| HNI (Min) | 2 | 8,000 | ₹248,000 |
Refractory Shapes Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.48% |
Competitive Strength:
- -
Refractory Shapes Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 5,289.90 | 2,999.04 | 307.94 | 396.58 | - | 2,341.80 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 5,003.81 | 3,872.23 | 191.74 | 1,668.64 | - | 2,048.63 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3,684.82 | 2,621.67 | 287.04 | 1,476.90 | - | 1,570.12 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 2,723.72 | 2,179.67 | 156.39 | 1,189.86 | - | 1,234.18 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15.58% |
| ROCE | 9.79% |
| Debt/Equity | 1.18 |
| RoNW | 15.58% |
| P/BV | 4.95 |
| PAT Margin (%) | 10.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.21 | 1.88 |
| P/E (x) | 25.55 | 16.46 |
Objectives of Refractory Shapes IPO
The company proposes to utilise the Net Proceeds from the Issue towards funding the following objectives:
- 1. 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.
- 2. 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.
- 3. Purchase of commercial vehicles.
- 4. General corporate purposes.
Refractory Shapes Limited IPO Review
The company is operating in a highly competitive and fragmented segment. It marked inconsistency in its bottom lines for the reported periods. Based on FY24 super annualised earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards.
DRHP:
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Frequently Asked Questions (FAQs)
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What Is The Size Of The Refractory Shapes IPO?
The offer size of Refractory Shapes Limited is INR 18.60 crores, consisting of a fresh issue of 60, 00,000 lakh shares. The company seeks funds to expand its manufacturing unit, repay debts, purchase equipment and vehicles, and cover general expenses.
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What Is The Price Band Of The Refractory Shapes IPO?
The price band of the issue is INR 27-31 per share.
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What Is The Allotment Date Of Refractory Shapes?
The allotment date of the Refractory Shapes IPO is May 10, 2024.
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What Is The Listing Date Of The Refractory Shapes IPO?
The listing date of Refractory Shapes IPO is May 14, 2024.
