Refractory Shapes IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents

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/

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 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

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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.