Refractory Shapes IPO Details ( Refractory Shapes Limited IPO Review )
(6 May 2024 – 9 May 2024)
Established in 1996, Refractory Shapes Limited manufacturing a range of bricks, castables, high alumina catalysts, and ceramic balls.
Our products encompass pre-cast and pre-fired blocks (PCPF), burner blocks, custom-shaped refractory bricks, dense and insulating castables, and mortars. Additionally, we fulfill orders for metallic anchors, crucial for supporting refractory castings, utilizing materials like tabular alumina, low alumina bricks, and insulating bricks.
Our manufacturing hubs reside in Pimpri Industrial Area, Pune, Maharashtra, spanning 34,788 sq. ft., and in Wankaner, Morbi district, Gujarat, occupying 1,74,246 sq. ft. Furthermore, we’ve secured 4 additional acres of land adjacent to our Wankaner facility, equating to 1,74,240 sq. ft., facilitating future expansion plans. By adding a new kiln and employing advanced pressing machines, we aim to broaden our production capacity and diversify our range of refractory bricks.
As of September 30, 2023, our workforce consisted of 38 dedicated individuals.
Refractory Shapes Limited IPO Competitive Strength
- Vast experience and track record in the Industry
- Raw Material Excellence
- Having enlisted by Engineer India Limited (“EIL”) as an Approved Vendor
- Wide & strong Customer base
- Product & service quality along with Safety
Refractory Shapes IPO Financials Performance ( Results )
Refractory Shapes Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 2,723.72 | 2,179.67 | 156.39 | 1,189.86 | 1,179.86 | 1,234.18 |
| 31-Mar-22 | 3,684.82 | 2,621.67 | 287.04 | 1,476.90 | 1,466.90 | 1,570.12 |
| 31-Mar-23 | 5,003.81 | 3,872.23 | 191.74 | 1,668.64 | 1,658.64 | 2,048.63 |
| 31-Dec-23 | 5,289.90 | 2,999.04 | 307.94 | 396.58 | 396.58 | 2,341.80 |
Objective of Refractory Shapes IPO Issue
- 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 Basic Details
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Face Value | ₹10 per share |
| Price | ₹27 to ₹31 per share |
| Lot Size | 4000 Shares |
| Issue Size | 6,000,000 shares of ₹10 (aggregating up to ₹18.60 Cr) |
| Fresh Issue | 6,000,000 shares of ₹10 (aggregating up to ₹18.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,800,000 |
| Share holding post issue | 21,800,000 |
| Company Promoters | Mr. Dayashankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, and Ms. Prajna Shravan Shetty |
Refractory Shapes IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Refractory IPO Timetable
Refractory IPO will open on May 6, 2024 and close on May 9, 2024. You can join Refractory IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 6 May 2024 (Monday) |
| Closing Date | 9 May 2024 (Thursday) |
| Basis of Allotment | 10 May 2024 (Friday) |
| Initiation of Refunds | 13 May 2024 (Monday) |
| Credit of Shares to Demat | 13 May 2024 (Monday) |
| Listing Date | 14 May 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 9 May 2024 |
Refractory Shapes IPO Lot Size
For retail investors in Refractory Shapes IPO, 4000 shares will come in 1 lot or the minimum investment will be ₹124,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹124,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 4000 | ₹124,000 |
| Retail (Max) | 1 | 4000 | ₹124,000 |
| S-HNI (Min) | 2 | 8000 | ₹248,000 |
Refractory Shapes IPO Promoter Holding
The company’s promoters include Mr. Dayashankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, and Ms. Prajna Shravan Shetty.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.48% |
Refractory Shapes Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 67.58 |
| Earning Per Share (EPS) | ₹1.21 per Equity Share |
| Net Asset Value (NAV) | ₹10.56 per Equity Share |
| P/E Ratio (P/E) (x) | 16.46 |
| Post P/E Ratio (P/E) (x) | 25.55 |
| Return on Net Worth (RoNW) (%) | 15.58 |
| Return on equity (ROE) (%) | 15.58 |
| Return on Capital Employed (ROCE) (%) | 9.79 |
| Debt/Equity Ratio | 1.18 |
| Price/Book Value Ratio | 4.95 |
Refractory Shapes IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹11 | – | – |
| 4 May 2024 | ₹11 | – | – |
Refractory Shapes IPO Detail Video:
Refractory Shapes IPO Subscription Status (Bidding Detail)
The Refractory Shapes IPO on May 10, 2024 at 7:02:00 PM was subscribed 255.08 times, with the retail category being subscribed 259.56 times, the NII (Non-Institutional Investor) category being subscribed 464.43 times, QIB (Qualified-Institutional Buyers) category being subscribed 90.59 times.
| Category | Subscription |
| QIB | 90.59x |
| NII | 464.43x |
| Retail | 259.56x |
| Total | 255.08x |
Refractory Shapes IPO Prospectus
| Refractory Shapes IPO DRHP | Download |
| Refractory Shapes IPO RHP | Download |
| Refractory Shapes IPO Anchor Investors Details PDF | Download |
Refractory Shapes IPO Rating
| Our Rating | 3.0/5.0 |
Refractory Shapes Company Contact Information
Refractory Shapes Limited
Registered Office: B 201, Rustomjee Central Park Chakala, Andheri-Kurla Road, Andheri (East), Mumbai-400069, Maharashtra, India;
Tel: +91 9819995930
E-mail: investors@refshape.com
Website: www.rsplgroup.com
Contact Person: Ms. Neelam Mandawat, Company Secretary and Compliance Officer
Our Promoter: Mr. Dayshankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty and Ms. Prajna Shravan Shetty
Refractory Shapes IPO Registrar
Bigshare Services Private Limited
Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Sagar Pathare
SEBI Registration No.: INR000001385
Refractory Shapes IPO Lead Manager
Shreni Shares Limited
Registered Office: Office No. 217, Hive 67 Icon, Poisar Gymkhana Road Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai-400067, Maharashtra, India,
Telephone: 022- 2089 7022
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Ms. Tanya Gotal
Website: www.shreni.in
SEBI Registration Number: INM000012759
Refractory Shapes IPO FAQs
What is the lot size of Refractory Shapes IPO?
The total size of Refractory Shapes IPO is ₹18.60 crores and this is a complete fresh Issue.
When will Refractory Shapes IPO start?
Refractory Shapes IPO will open from 6 May 2024 and IPO will close on 9 May 2024.
What is the open date of Refractory Shapes IPO?
Refractory Shapes IPO will open date from 6 May 2024.
What is the last date ( close date ) of Refractory Shapes IPO?
Refractory Shapes IPO will close from 9 May 2024.
What is the price band of Refractory Shapes IPO?
Refractory Shapes IPO price band is ₹27 to ₹31. ( Upper Price Band: ₹31, Lower Price Band: ₹27 )
What is the minimum amount required to apply for Refractory Shapes IPO?
The minimum investment for retailers to apply for Refractory Shapes IPO is ₹124,000 and the maximum investment is ₹124,000.
What is going on gray market premium of Refractory Shapes IPO?
View gray market premium of Refractory Shapes IPO by Clicking Here
How much is the GMP of Refractory Shapes IPO?
Watch Refractory Shapes IPO GMP Today: Click Here
What is the allotment date of Refractory Shapes IPO?
The allotment date of Refractory Shapes IPO is 10 May 2024.
How to check allotment status in Refractory Shapes IPO?
To check the allotment status of Refractory Shapes IPO, first of all go to the registrar website by clicking here, select your bad Refractory Shapes IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Refractory Shapes IPO?
The listing date of Refractory Shapes IPO is 14 May 2024.
How much will be the listing gain in Refractory Shapes IPO?
View listing gain of Refractory Shapes IPO by Clicking Here
How much time Refractory Shapes IPO is subscribed?
Total 255.08 times subscribed in Refractory Shapes IPO out of which 259.56 times subscription was done in retail quota, 464.43 times subscription in NII quota and 90.59 times subscription in QIB quota.
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