Last updated on May 14, 2024
Refractory Shapes IPO description – Refractory Shapes specializes in manufacturing various products, including bricks, castables, high alumina catalysts, and ceramic balls. This includes pre-cast and pre-fired blocks (PCPF), burner blocks, uniquely shaped refractory bricks, dense and insulating castables, and mortars. The company also fulfills orders for metallic anchors used to support refractory castings, requiring raw materials such as tabular alumina, low alumina bricks, and insulating bricks.
Refractory Shapes has a significant presence across India, serving clients in 17 states and 2 Union territories within the domestic market. For the period ending 30 September 2023, and fiscal years 2023, 2022, and 2021, the company’s domestic sales revenue amounted to INR 19.18 crore, INR 37.97 crore, INR 25.50 crore, and INR 20.89 crore, respectively. These domestic sales accounted for 100% of its operational revenue during these periods.
In the domestic market, the company primarily sources raw materials from various states including Andhra Pradesh, Dadra & Nagar Haveli, Gujarat, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Uttar Pradesh, West Bengal, and Tamil Nadu. In the international market, it sources raw materials from France and China. As of 30 September 2023, the company had 38 employees (including workers) at its manufacturing plant and registered office.
Promoters of Refractory Shapes – Mr. Dayshankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, Ms. Prajna Shravan Shetty, and Mr. Suraj Sadanand Shetty
Table of Contents
Refractory Shapes IPO Details
| Refractory Shapes IPO Dates | 6 – 9 May 2024 |
| Refractory Shapes Issue Price | INR 27 – 31 per share |
| Fresh issue | 6,000,000 shares (INR 16.20 – 18.60 crore) |
| Offer For Sale | NIL |
| Total IPO size | 6,000,000 shares (INR 16.20 – 18.60 crore) |
| Minimum bid (lot size) | 4,000 shares (INR 124,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Refractory Shapes Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 20.89 | 25.50 | 37.97 | 29.42 |
| Expenses | 19.68 | 22.84 | 36.23 | 25.98 |
| Net income | 1.56 | 2.87 | 1.92 | 3.08 |
Refractory Shapes Offer News
- Refractory Shapes RHP
- Refractory Shapes Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Refractory Shapes Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.99 | 1.82 | 1.21 |
| PE ratio | – | – | 22.31 – 25.62 |
| RONW (%) | 13.14 | 19.44 | 11.49 |
| NAV | 7.53 | 9.35 | 10.56 |
| ROCE (%) | 9.54 | 11.38 | 8.04 |
| EBITDA (%) | 11.23 | 14.17 | 10.21 |
| Debt/Equity | 1.04 | 1.06 | 1.23 |
Refractory Shapes IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 13 May 2024 | 20 | – | 48,000 |
| 11 May 2024 | 18 | – | 38,000 |
| 10 May 2024 | 17 | – | 35,000 |
| 9 May 2024 | 15 | – | 25,000 |
| 8 May 2024 | 15 | – | 21,500 |
| 7 May 2024 | 10 | – | 18,000 |
| 6 May 2024 | 10 | – | 18,000 |
| 4 May 2024 | 5 | – | 10,000 |
| 3 May 2024 | 5 | – | 10,000 |
| 2 May 2024 | 5 | – | 10,000 |
Refractory Shapes IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,144,000 | 856,000 | 1,996,000 | 3,996,000 |
| 9 May 2024 | 90.59 | 462.92 | 245.57 | 247.76 |
| 8 May 2024 | 0.07 | 35.60 | 61.30 | 38.27 |
| 7 May 2024 | 0.05 | 19.42 | 29.54 | 18.93 |
| 6 May 2024 | 0.01 | 2.66 | 8.21 | 4.68 |
The market maker reservation portion of 3,04,000 shares is not included in the above calculations.
Refractory Shapes IPO Allotment Status
Refractory Shapes IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Refractory Shapes IPO Dates & Listing Performance
| IPO Opening Date | 6 May 2024 |
| IPO Closing Date | 9 May 2024 |
| Finalization of Basis of Allotment | 10 May 2024 |
| Initiation of refunds | 13 May 2024 |
| Transfer of shares to demat accounts | 13 May 2024 |
| IPO Listing Date | 14 May 2024 |
| Opening Price on NSE SME | INR 75 per share (up 141.94%) |
| Closing Price on NSE SME | INR 78.75 per share (up 154.03%) |
Refractory Shapes Offer Lead Manager
SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email:Â [email protected]
Website:Â www.shreni.in
Refractory Shapes Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Refractory Shapes IPO Contact Details
REFRACTORY SHAPES LIMITED
B 201, Rustomjee Central Park Chakala,
Andheri-Kurla Road, Andheri (East), Mumbai-400069
Phone: +91 9819995930
E-mail: [email protected]
Website: www.rsplgroup.com
IPO FAQs
What is the Refractory Shapes offer size?
Refractory Shapes offer size is INR 16.20 – 18.60 crores.
What is the Refractory Shapes offer price band?
Refractory Shapes public offer price is INR 27 – 31 per share.
What is the lot size of the Refractory Shapes IPO?
Refractory Shapes offer lot size is 4,000 shares.
What is Refractory Shapes IPO GMP today?
Refractory Shapes IPO GMP today is INR 20 per share.
What is the Refractory Shapes kostak rate today?
Refractory Shapes kostak rate today is INR NA per application.
What is Refractory Shapes Subject to the Sauda rate today?
Refractory Shapes is Subject to the Sauda rate today is INR 48,000 per application.
