SP Refactories Limited IPO Detail
SP Refactories Ltd manufactures and supplies refactory material made using hydrated lime, Calcined Alumina, and other raw materials. Refactory cement is its core focus that is widely used in steel & construction industries because of high thermal conductivity, maximum strength, and heat resistance. The company purchases clinkers from outsiders and thereafter crushes, blend, and pack refactory cement in powder form in its manufacturing facility.
Its manufacturing facility are situated in Hingna, Nagpur. The business has a total clinkers manufacturing capacity of 4000 MT per year and clinkers crushing capacity of 6000 MT per year.
Competitive strengths
- Experienced promoters and management team with successful track record.
- Long standing relationship with customers and suppliers.
- Strong balance sheet and financial track record.
- Strategically located manufacturing facility in Nagpur.
Company Promoters
Namita Prabodh Kale, Shweta Prabodh Kale, and Prajakta Prabodh KaleIPO Details
| IPO Opening Date | Mar 09, 2022 |
| IPO Closing Date | Mar 11, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹4.92 Cr |
| Fresh Issue | ₹2.68 Cr |
| Offer for Sale | ₹2.25 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.22x | 0.69x | 0.46x | |
| Day 2 | - | - | 0.43x | 1.74x | 1.09x |
IPO Tentative Timetable
The SP Refactories Limited IPO open date is Mar 09, 2022, and the close date is Mar 11, 2022. The issue may list on Mar 22, 2022.
| IPO Open Date | Mar 09, 2022 |
| IPO Close Date | Mar 11, 2022 |
| Basis of Allotment Date | Mar 16, 2022 |
| Initiation of Refunds | Mar 17, 2022 |
| Credit of Shares to Demat Account | Mar 21, 2022 |
| IPO Listing Date | Mar 22, 2022 |
IPO Lot Size
The SP Refactories Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹144000 |
| Maximum | 1 | 1600 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.42% |
Company Financials:
For the year/period ended (₹ in Lakh)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1,057.17 | 2,572.48 | 75.35 |
| 31-Mar-20 | 898.33 | 2,099.59 | 39.93 |
| 31-Mar-19 | 792.01 | 1,855.95 | 20.59 |
Objects of the Issue:
The IPO aims to raise funds for the following purposes;
- Fund working capital requirements.
- General corporate purposes.
SP Refactories Limited IPO Registrar:
Bigshare Services Pvt Ltd
SP Refactories Limited IPO Lead Manager(s):
Aryaman Financial Services limited
Company Contact Information:
SP Refactories Limited
M-10, M-11/1 & M-11/2,
MIDC Industrial Area, Hingna Road,
Nagpur - 440016
