The Refractory Shapes IPO commenced on May 6, 2024, and concluded on May 9, 2024. The allotment of shares took place on May 10, 2024, and the initiation of refunds began on May 13, 2024. The shares were credited to the demat accounts of investors on May 13, 2024. Finally, the listing of Refractory Shapes on the stock exchange occurred on May 14, 2024.
The Refractory Shapes IPO was priced at ₹27 to ₹31 per share, with a lot size of 4000 shares. The total issue size was ₹18.60 crores, comprising a fresh issue of ₹18.60 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Refractory Shapes IPO Basic Details
| Company Name | Refractory Shapes Limited |
| Refractory Shapes IPO GMP Today | ₹11 |
| Refractory Shapes IPO Listing Gain | 35.48% |
| Refractory Shapes IPO Open Date | May 6, 2024 |
| Refractory Shapes IPO Close Date | May 9, 2024 |
| Refractory Shapes IPO Allotment Date | May 10, 2024 |
| Refractory Shapes IPO Listing Date | 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 |
| Company Promoters | Mr. Dayashankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, and Ms. Prajna Shravan Shetty |
Refractory Shapes IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹11 | 35.48% | – | – |
| 4 May 2024 | ₹11 | 35.48% | – | – |
Refractory Shapes IPO Details:
Established in 1996, Refractory Shapes Limited crafts a range of essential materials like bricks, castables, high alumina catalysts, and ceramic balls.
Our offerings comprise pre-cast and pre-fired blocks (PCPF), burner blocks, custom-shaped refractory bricks, dense and insulating castables, and mortars. We also cater to orders for metallic anchors, vital for supporting refractory castings, utilizing raw materials like tabular alumina, low alumina bricks, and insulating bricks.
Our manufacturing centers are situated in Pimpri Industrial Area, Pune, Maharashtra, spanning 34,788 sq. ft., and in Wankaner, Morbi district, Gujarat, covering 1,74,246 sq. ft. Additionally, we hold 4 acres of land totaling 1,74,240 sq. ft. near our Wankaner unit, earmarked for expansion. This expansion will include an extra kiln and the integration of pressing machines to diversify our range of refractory bricks.
As of September 30, 2023, our workforce stood at 38 dedicated employees.
Refractory Shapes IPO More Details Click Here
Refractory Shapes IPO FAQs
When is Refractory Shapes IPO open?
Refractory Shapes IPO will open on 6 May 2024.
When is Refractory Shapes IPO Close?
Refractory Shapes IPO will be closed on 9 May 2024.
What is Refractory Shapes IPO GMP Today?
The Refractory Shapes IPO GMP aka Grey Market Premium is ₹11.
What is Refractory Shapes IPO Kostak Rates Today?
The Refractory Shapes IPO Kostak Rate is ₹000.
What is Refractory Shapes IPO Subject to Sauda Price Today?
The Refractory Shapes IPO subject to sauda rates is ₹000.
Refractory Shapes IPO Expected Returns?
The Refractory Shapes expected return is 35.48%.
How much will be the listing gain in Refractory Shapes IPO?
Refractory Shapes IPO will get listing gain of 35.48%. (Approx.)
