Refractory Shapes Limited IPO Detail
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.
The Company's manufacturing facilities are located at Pimpri Industrial Area, Pune, Maharashtra, with a total area of 34,788 sq. ft, and at Wankaner, Morbi district in Gujarat, with a total area of 1,74,246 sq. ft. The Company also has an additional 4 acres of land with an area of 1,74,240 sq. ft. near the existing unit at Wankaner, Gujarat to expand the production unit, to add an additional kiln and manufacture more various types of refractory bricks with pressing machines.
On September 30, 2023, the company had 38 employees.
Company Promoters
Mr. Dayashankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, and Ms. Prajna Shravan Shetty.IPO Details
| IPO Opening Date | May 06, 2024 |
| IPO Closing Date | May 09, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 - 31 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹18.60 Cr |
| Fresh Issue | ₹18.60 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | 0.00x | 0.00x | 2.73x | 8.49x | 4.83x |
| Day 2 | 0.05x | 0.00x | 0.00x | 19.17x | 30.33x | 19.27x |
| Day 3 | 0.07x | 0.00x | 0.00x | 35.79x | 65.56x | 40.43x |
| Day 4 | 90.59x | 0.00x | 0.00x | 464.43x | 259.56x | 255.08x |
IPO Tentative Timetable
The Refractory Shapes Limited IPO open date is May 06, 2024, and the close date is May 09, 2024. The issue may list on May 14, 2024.
| IPO Open Date | May 06, 2024 |
| IPO Close Date | May 09, 2024 |
| Basis of Allotment Date | May 10, 2024 |
| Initiation of Refunds | May 13, 2024 |
| Credit of Shares to Demat Account | May 13, 2024 |
| IPO Listing Date | May 14, 2024 |
IPO Lot Size
The Refractory Shapes Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹124000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹124000 |
| Maximum | 1 | 4000 | ₹124000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2723.72 | 2179.67 | 156.39 |
| 31-Mar-22 | 3684.82 | 2621.67 | 287.04 |
| 31-Mar-23 | 5003.81 | 3872.23 | 191.74 |
| 30-Sep-23 | 5380.12 | 1957.38 | 232.21 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 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; and
- General corporate purposes.
Refractory Shapes Limited IPO Registrar:
Bigshare Services Pvt Ltd
Refractory Shapes Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
Refractory Shapes Limited
B 201, Rustomjee Central Park Chakala,
Andheri-Kurla Road, Andheri (East),
Mumbai - 400069
