Refractory Shapes Ltd

Refractories

Offer Period :

6th to 5th May 2024

Established in 1996, Refractory Shapes Limited produces bricks, castables, and catalysts. With facilities in Pune, Maharashtra, and Wankaner, Gujarat, they aim to expand production. Read more... Employing 38 individuals as of September 2023, they specialize in refractory solutions.Read less

Refractory Shapes Ltd IPO Details

IPO Date 6th to 5th May 2024 Minimum Investment ₹124000 / 1 Lots
Listing Date 2024-05-14 Maximum Investment ₹124000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹18.6 Crores
Price ₹31 to ₹31 per share Fresh Issue ₹18.6 Crores
Lot Size 1 Lots (4000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 6th to 5th May 2024
Listing Date 2024-05-14
Face Value ₹10 per share
Price ₹31 to ₹31 per share
Lot Size 1 Lots (4000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹124000 / 1 Lots
Maximum Investment ₹124000 / 1 Lots
Total Issue Size ₹18.6 Crores
Fresh Issue ₹18.6 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

6th May

IPO Starts

9th May

IPO Ends

10th May

Allotment Date

13th May

Initiation of Refund

13th May

Credit of Shares to Demat Account

14th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 72.48
Public Group 0 27.52

Refractory Shapes Ltd IPO Reservation

QIB Shares Offered 1144000(19.07%)
NII (HNI) Shares Offered 856000(14.27%)
Retail Shares Offered 1996000(33.27%)
Anchor Investor Shares Offered 1700000(28.33%)
Total Shares Offered 6000000
Total Shares With Anchor Investor 6000000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Refractory Shapes Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number 022 - 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Refractory Shapes Ltd IPO Lead Manager

1. Shreni Shares Ltd

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Refractory Shapes Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Refractory Shapes Ltd

1. ISO 9001:2015, 14001:2015 & 45001:2018 certified.

2. ISO/IEC 17025:2017.

3. Approved EIL vendor.

4. Wide range of our products.

5. Location Advantage.

6. Well established relationship with clients.

7. Leveraging the experience of its Promoters and Directors.

8. Strong Marketing Practices.

Risks Involved

1. There are outstanding legal proceedings involving the Company, Promoters, Promoter Group, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

2. The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

3. The Company is an Approved Vendor having enlisted by Engineers India Limited ("EIL"). If, the Company does not receive the recognition then it may harm its Brand Value or Reputation and may adversely affect its Business, Results of Operations, Financial Condition and Cash Flows.

4. Any delays, interruptions or reduction in the supply of raw materials to manufacture its products and any abrupt fluctuations in the prices of its raw materials may adversely affect the pricing of its products and may have an impact on its Business, Results of Operation, Financial Condition and Cash Flows.

5. The Company sells its products for specific use by certain Industries. Any reduction in the demand or requirement of its products in such Industries may result in loss of Business and may affect its Financial Performance and Financial Condition.

6. Any slowdown or shutdown of its Manufacturing operations at the company's Manufacturing Facilities could have an adverse effect on its Business, Financial Condition and Results of Operations.

7. Overcapacity and Oversupply in the Global Refractory Industry may adversely affect the Company's Profitability.

8. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

9. The Company in the usual course of Business does not have any long term contracts with its Customers and the company relies on purchase orders for delivery of its products and the company Customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of its top Customers or a reduction in their demand for the company products or reduction in revenue derived from them may adversely affect its Business, Results of Operations and Financial Condition.

10. The company is unable to trace few of its historical records, Also, in the past, there have been some instances of delays/ nonfiling/ non-compliance with certain statutory authorities, In the event the company is found not to be in compliance with any applicable regulations in relation to the regulatory filings or corporate actions, its may be subject to regulatory actions or penalties for any such possible non-compliance/ non-filing/ delay and its business, financial condition and reputation may be adversely affected.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Refractory Shapes Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-14 92838 REFRACTORY
INE0TNX01015
₹31 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹31 ₹31
Open ₹0 ₹75
Low ₹0 ₹75
High ₹0 ₹78.75
Low ₹0 ₹75

Frequently Asked Questions

What is Refractory Shapes Ltd IPO?

Answer Field

Refractory Shapes Ltd IPO is a SME IPO of 60,00,000 equity shares of a face value of ₹10 aggregating up to ₹18.6 Crores. The issue is priced at ₹31 to ₹31 per share. The minimum order quantity is 4000 Shares. The IPO opens on May 06, 2024, and closes on May 09, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Refractory Shapes Ltd IPO will open?

Answer Field

The Refractory Shapes Ltd IPO opens on May 06, 2024 and closes on May 09, 2024.

What is the lot size of Refractory Shapes Ltd?

Answer Field

Refractory Shapes Ltd lot size is 4000 shares, and the minimum amount required is ₹1,24,000.

How to apply for Refractory Shapes Ltd IPO?

Answer Field

You can apply in Refractory Shapes Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Refractory Shapes Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Refractory Shapes Ltd 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 Ltd IPO listing date?

Answer Field

The Refractory Shapes Ltd listing date is May 14, 2024.

Who is the registrar of Refractory Shapes Ltd IPO?

Answer Field

The registrar of Refractory Shapes Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Shreni Shares Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Refractory Shapes Ltd IPO?

Answer Field

The fresh issue size is ₹18.6 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Refractory Shapes Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 4000 shares and ₹1,24,000 amount.

How can I approve the UPI mandate request for Refractory Shapes Ltd IPO?

Answer Field

To apply for Refractory Shapes Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Refractory Shapes Ltd?

Answer Field

The price of each Refractory Shapes Ltd share will be ranging in between ₹31 to ₹31 per share.

What is the cut-off time for the UPI mandate for Refractory Shapes Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 09, 2024.

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