The Refractory Shapes IPO started on May 6, 2024, and ended on May 9, 2024. Shares were allocated on May 10, 2024, and refund processes began on May 13, 2024. On May 13, 2024, the shares were credited to investors demat accounts. Refractory Shapes was officially listed on the stock exchange on May 14, 2024.
During the IPO, Refractory Shapes offered shares at a price range of ₹27 to ₹31 per share, and the lot size was 4000 shares. The total issue size was ₹18.60 crores, with ₹18.60 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Refractory Shapes IPO Subscription Update Video
Refractory Shapes IPO Subscription Status
The Refractory Shapes IPO on May 10, 2024 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, the 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 Basic Details
| Company Name | Refractory Shapes Limited |
| 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 |
About Refractory Shapes Limited
Refactory Shapes Limited started back in 1996. We specialize in making different types of bricks, castables, high alumina catalysts, and ceramic balls.
Our product range covers pre-cast and pre-fired blocks (PCPF), burner blocks, custom-shaped refractory bricks, dense and insulating castables, and mortars. We also take orders for metallic anchors, which are essential for supporting refractory castings during installation. These require raw materials like tabular alumina, low alumina bricks, and insulating bricks.
We operate out of two manufacturing facilities. One is situated in the Pimpri Industrial Area, Pune, Maharashtra, covering 34,788 square feet. The other is in Wankaner, Morbi district, Gujarat, sprawling over 174,246 square feet. We’ve also acquired an additional 4 acres of land near our Gujarat unit, spanning 174,240 square feet, to expand production. Our plan includes adding another kiln and introducing more types of refractory bricks using pressing machines.
As of September 30, 2023, we had a team of 38 dedicated employees.
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Refractory Shapes IPO FAQs
What is the start and end date of Refractory Shapes IPO Subscription?
The Refractory Shapes IPO started on May 6, 2024, and ended on May 9, 2024.
When does Refractory Shapes IPO Subscription open?
The Refractory Shapes IPO open on May 6, 2024.
When does Refractory Shapes IPO Subscription close?
The Refractory Shapes IPO Close on May 9, 2024.
What is the allotment date of Refractory Shapes IPO?
The allotment date for Refractory Shapes IPO is May 10, 2024.
When is the initial refund date of Refractory Shapes IPO?
The initial Refund date for Refractory Shapes IPO is May 13, 2024.
When were the shares credited to investors demat accounts for the Refractory Shapes IPO?
The shares for the Refractory Shapes IPO were credited to investors demat accounts on May 13, 2024.
When will Refractory Shapes IPO be listed on the stock market?
Refractory Shapes IPO stock market will be listed on May 14, 2024 at 10 am.
What was the price range of the Refractory Shapes IPO shares?
The Refractory Shapes IPO shares were offered at a price range of ₹27 to ₹31 per share.
What was the lot size for the Refractory Shapes IPO shares?
The lot size for the Refractory Shapes IPO shares was 4000 shares.
What was the total issue size of the Refractory Shapes IPO?
The total issue size of the Refractory Shapes IPO was ₹18.60 crores.
How were the shares allocated among different types of investors for the Refractory Shapes IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Refractory Shapes IPO listed?
The Refractory Shapes IPO was listed on the NSE SME.
What is the Refractory Shapes IPO Subscription Status?
Refractory Shapes IPO is subscribed 255.08 Times.
