May 14, 2024
admin
Refractory Shapes IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
Refractory Shapes IPOPost Listing Review:
Listed at Rs. 75, premium of 141.94% over the issue price of Rs. 31. The listing has been much higher than the expectations of the grey market players.
What is the latest GMP of Refractory Shapes IPO?*
Premium: Rs.20
Subject to Rs.60800
Check Subscription status of Refractory Shapes IPO
On 9 May 2024 @ 5.00 (Day 4) (Closed)
Review: Good response on last day
QIB: 2848000 Shares 90.59 T
NII: 854400 Shares 464.43 T
RII: 1993600 Shares 259.56 T
Total: 5696000 Shares 255.08 T
Applications: 129522
What is the business of Refractory Shapes?
Refractory Shapes Limited is primarily engaged in the manufacturing of different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls which includes Pre Cast & Pre Fired Blocks (“PCPF”), Burner Blocks, Special shaped Refractory bricks, Dense & Insulating Castables & Mortars.
The Company is the Original Equipment Manufacturer in many projects executed by EIL, which increased the opportunities of the Company in many green field projects, this EIL enlistment is re-validated every 3 years.
The tailored made products shaped by the Company finds its application in a diverse range of Industries, including Steel, Refineries, Fertilizers, Petrochemicals, Glass, Cement etc. The company’s refractories are engineered to endure the harsh conditions of these industries, contributing to enhanced operational efficiency and extended equipment life. The tailored made finished goods provide diversity in the products being manufactured by the Company wherein modern manufacturing equipment are installed for scaling the manufacturing.
Get more information about the company @ https://www.refshape.com/
| Refractory Shapes IPO Details | |
| IPO opens on | 6 May 2024 |
| IPO closes on | 9 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6000000 Sh /Rs 18.60 Cr |
| * Fresh Issue | 6000000 Sh /Rs 18.60 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 304000 Sh. |
| Net offer to Public | 5696000 Sh./Rs.17.66 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs.27-31 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 4000 Shares |
| Listing will at | NSE SME |
| Shares offered in Refractory Shapes IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2848000 | 8.83 |
| NII (15%) | 854400 | 2.65 |
| RII (35%) | 1993600 | 6.18 |
| Total Shares | 5696000 | 17.66 |
| Retail portion will be oversubscribed by | 498 | |
| Forms | ||
| How much Shares to Apply in Refractory Shapes IPO? | ||
| Min Retail Application | 4000 Sh | Rs. 124000 |
| Min HNI Application | 8000 Sh | Rs.248000 |
Who are the Promoters of Refractory Shapes IPO?
The company’s promoters are Mr. Dayashankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, and Ms. Prajna Shravan Shetty.
What are the Objects of Refractory Shapes IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
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 IPO Tentative timetable | |
| IPO opens on | 6 May 2024 |
| IPO Closes on | 9 May 2024 |
| IPO Allotment on | 10 May 2024 |
| Refund Initiation | 13 May 2024 |
| Credit of Shares | 13 May 2024 |
| Listing on | 14 May 2024 |
| Registered Office of the Company Refractory Shapes Limited B 201, Rustomjee Central Park Chakala, Andheri-Kurla Road, Andheri (East), Mumbai – 400069 |
| Who is the Lead Manager of Refractory Shapes IPO? Shreni Shares Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Refractory Shapes IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 21.80 | 1.56 | 0.99 | 13.14 |
| 2021-22 | 26.22 | 2.87 | 1.82 | 19.44 |
| 2022-23 | 38.72 | 1.92 | 1.21 | 11.49 |
| Book Value of the Share on | 31.03.2023 | Rs 10.56 | ||
| BV of the Share at cap price | after the IPO | Rs. 16.58 | ||
| Offer Price/upper band | Rs. 31 | |||
| Refractory Shapes IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 25.62 |
| Price/BV Ratio | 2.94 |
| Upper price/BV after IPO | 1.87 |
How Refractory Shapes IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Refractory Shapes | 10 | – 25.62 | |
| S.P Refractories | 10 | – | 17.45 |
| IFGC REfractories | 10 | 31.91 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Refractory Shapes IPO To the point Guidance
Refractory Shapes Limited is primarily engaged in the manufacturing of different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls which includes Pre Cast & Pre Fired Blocks (“PCPF”), Burner Blocks, Special shaped Refractory bricks, Dense & Insulating Castables & Mortars.
Size: The net offer is of Rs. 17.66 Crore/5696000 shares. Retail portion is Rs. 6.18 crore and it can get one time subscribed with 498 applications. The size of the IPO is very small and hence, over subscription may not be difficult.
Financial Snapshot: The company has strong topline and bottomline. The shares are offered at attractive valuation. There are small chance of listing gains. May Apply.
Quicklinks
Refractory Shapes IPO GMP today details?
Refractory Shapes IPO
Refractory Shapes IPO FAQs
What is Refractory Shapes IPO?
Refractory Shapes is a SME IPO of 6000000 equity shares of the face value of Rs. 10 aggregating up to Rs.18.60 Crores. The issue is priced at Rs.27-31 per share. The minimum order quantity is 4000 Shares.
When will Refractory Shapes IPO open?
Refractory Shapes IPO opens on May 6, 2024, and closes on May 9, 2024.
What is the lot size of Refractory Shapes IPO?
Refractory Shapes IPO lot size is 4000 Shares, and the minimum amount required is Rs.124000.
How to apply for Refractory Shapes IPO?
You can apply in Refractory Shapes IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Refractory Shapes IPO allotment?
The finalization of Basis of Allotment for Refractory Shapes IPO will be done on May 10, 2024, and the allotted shares will be credited to your demat account by May 13, 2024.
When is Refractory Shapes IPO listing date?
Refractory Shapes IPO listing date is May 14, 2024.
