SP Refractories IPO GMP, Review, Price, Allotment

SP Refractories IPO description – Incorporated in 2007, the company is engaged in manufacturing and supplying Refractory Material made using hydrated lime, Calcined Alumina and other raw materials. Its core focus is on refractory cement which is a niche and high margin cement widely used in iron & steel and construction industries because of its thermal properties, strength and heat resistance.

SP Refractories has healthy client base as well as healthy production capacity. It has clinkers manufacturing capacity of 4000 MT per year and clinkers crushing capacity of 6000 MT per year. It gets clinkers manufactured from outsider on job work basis and thereafter process of crushing the clinkers, blending and packing of refectory cement in powder form is carried out in its manufacturing facility for excess capacity of crushing.

Promoters of SP Refractories – Namita Prabodh Kale, Shweta Prabodh Kale and Prajakta Prabodh Kale

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SP Refractories IPO Details

Subscription Dates	9 – 11 March 2022
Price Band	INR90 per share
Fresh issue	2,97,600 shares (INR2.68 crore)
Offer For Sale	2,49,600 shares (INR2.25 crore)
Total IPO size	5,47,200 shares (INR4.92 crore)
Minimum bid (lot size)	1,600 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	NSE Emerge

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SP Refractories’ Financial Performance

	FY2019	FY2020	FY2021	H1 FY2022
Revenue	1,855.9	2,099.6	2,572.5	1,447.6
Expenses	1,827.8	2,044.4	2,467.9	1,338.5
Net income	20.6	39.9	75.3	80.7

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SP Refractories Offer News

• SP Refractories RHP
• SP Refractories Draft Prospectus

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SP Refractories Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR5.05
Pre-IPO Price/Earnings (PE ratio): 17.82
Return on Net Worth (RONW): 16.13%
Net Asset Value (NAV): INR31.31 per share

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SP Refractories IPO GMP Daily Trend

Date	SP Refractories IPO GMP	Kostak	Subject to Sauda

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SP Refractories IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	2,73,600	2,73,600	5,47,200
Day 1	0.21	0.65	0.43
Day 2	1.55	2.39	1.97
Day 3	5.34	8.38	6.86

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SP Refractories Offer Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059, Maharashtra
Phone: +91 22 6263 8200
Fax. No.: +91 22 6263 8299
Email: [email protected]
Website: www.bigshareonline.com

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SP Refractories Contact Details

SP Refractories Limited
M-10, M-11/1 & M-11/2,
MIDC Industrial Area,
Hingna Road, Nagpur- 440016
Phone: +91 07104-235388/99
Email: [email protected]
Website: www.sprefractories.com

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SP Refractories IPO Allotment Status

SP Refractories IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.

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SP Refractories IPO Timetable

IPO Opening Date	9 March 2022
IPO Closing Date	11 March 2022
Finalisation of Basis of Allotment	16 March 2022
Initiation of refunds	17 March 2022
Transfer of shares to demat accounts	21 March 2022
Listing Date	22 March 2022
Opening Price on NSE	INR90.2 per share (up 0.22% from IPO price)
Closing Price on NSE	INR90.4 per share (up 0.44% from IPO price)

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SP Refractories IPO FAQs