Refractory Shapes SME IPO opens at 141% premium
Refractory Shapes IPO on 14th May opened at Rs. 75 at a 141% premium. The issue was priced at Rs. 31.
About listing gain
The grey market premium for this NSE SME IPO was 80%. This means the actual premium is quite higher than the anticipation.
Grey market estimates
The IPO size was Rs. 18.60 cr with a lot of 60 lakh equity shares. It was 248x oversubscribed.
IPO details
Refractory Shapes IPO
The stock was trading 154% up at 11:30 am on Tuesday at Rs. 78.75.
Share hike
The company is involved in manufacturing bricks, castables, high alumina catalysts, and ceramic balls.
About Refractory Shapes
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