Refractory Shapes IPO
IPO Listing Details
- Listing Date
14 May 2024
- Listing Price
₹ 75.00
- Listing Change
141.94%
- Last Traded Price
₹ 122.15
IPO Details
- Open Date
06 May 2024
- Close Date
09 May 2024
- IPO Price Range
₹ 27 to ₹ 31
- IPO Size
₹ 18.60 Cr
- Listing Exchange
NSE SME
- Listing Date
15 May 2024
IPO Timeline
Refractory Shapes IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 06-May-24 | 0.01 | 2.71 | 8.44 | 4.80 |
| 07-May-24 | 0.05 | 19.17 | 30.33 | 19.27 |
| 08-May-24 | 0.07 | 35.32 | 61.80 | 38.46 |
| 09-May-24 | 90.59 | 462.58 | 245.71 | 247.76 |
Last Updated: 10 May 2024 11:44 AM by 5Paisa
Last Updated: 9th May, 2024 by 5paisa
Refractory Shapes IPO is all set to open from 6th May to 9th May 2024. The company produces different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls. The IPO includes a fresh issue of 6,000,000 shares worth ₹18.60 cr. The share allotment date is 10th May 2024, and the IPO will be listed on 14th May 2024 on the stock exchanges. The price band is ₹27 to ₹31 and the lot size is 4000 shares.
Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Refractory Shapes IPO:
Refractory Shapes Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of commercial vehicles.
● To fund the capital expenditure requirements for civil construction and purchase plant and machinery in order to expand and set up a new manufacturing facility at the existing location in Wankaner, Gujarat.
● General Corporate Purposes.
Refractory Shapes IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 18.60 |
| Offer for sale | - |
| Fresh issue | 18.60 |
Refractory Shapes IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹124,000 |
| Retail (Max) | 1 | 4000 | ₹124,000 |
| HNI (Min) | 2 | 8000 | ₹248,000 |
Refractory Shapes IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 17,00,000 | 17,00,000 | 5.27 |
| Market Maker | 1 | 3,04,000 | 3,04,000 | 0.94 |
| QIB | 90.59 | 11,44,000 | 10,36,40,000 | 321.28 |
| NII | 462.58 | 8,56,000 | 39,59,68,000 | 1,227.50 |
| Retail | 245.71 | 19,96,000 | 49,04,32,000 | 1,520.34 |
| Total | 247.76 | 39,96,000 | 99,00,40,000 | 3,069.12 |
Refractory Shapes IPO Anchor Allocation
| Anchor Bid Date | 3 May, 2024 |
| Total no. of shares offered | 1,700,000 |
| Portion Size for Anchor Investors | 5.27 Cr. |
| Lock in Period for 50% shares (30 days) | 9 June, 2024 |
| Lock in Period for rest of shares (90 days) | 8 August, 2024 |
Refractory Shapes IPO Shareholding Pattern
| Shareholding Pattern | Pre issue % | Post issue % |
|---|---|---|
| Promoter & Promoter Group | 100.00 | 72.48 |
Established in 1996, Refractory Shapes produces different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls. This includes Pre Cast & Pre Fired Blocks (“PCPF”), Burner Blocks, Special shaped Refractory bricks, Dense & Insulating Castables & Mortars.
The company’s products are used in various industries including Steel, Refineries, Fertilizers, Petrochemicals, Glass, Cement, and more. Additionally, Refractory Shapes also makes Metallic Anchors used for installing refractory castables.
Peer Comparison
● SP Refractories Limited
● IFGL Refractories Limited
For More Information:
Webstory on Refractory Shapes IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 37.96 | 25.50 | 20.88 |
| EBITDA | 3.87 | 3.61 | 2.34 |
| PAT | 1.92 | 2.87 | 1.56 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 50.03 | 36.84 | 27.23 |
| Share Capital | 0.10 | 0.10 | 0.10 |
| Total Borrowings | 33.35 | 22.07 | 15.33 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.70 | 7.57 | 5.17 |
| Net cash from / (used in) investing activities | -6.76 | -11.81 | 0.35 |
| Net cash flow from / (used in) financing activities | 3.42 | 2.74 | -5.36 |
| Net increase (decrease) in cash and cash equivalents | -1.63 | -1.49 | 0.17 |
Strengths
1. The company has two decades of experience in making different types of bricks and castables.
2. The company is enlisted by Engineer India Limited (EIL) as an Approved Vendor.
3. It has a PAN India presence.
4. The company has strong customer relationships.
Risks
1. The majority of the revenues are generated from Maharashtra and Gujarat.
2. Overcapacity and Oversupply in the Global Refractory Industry can impact profitability.
3. It operates in a highly competitive industry.
4. It has reported negative cash flows in the past.
5. High working capital requirements.
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FAQs
Refractory Shapes IPO opens from 6th May to 9th May 2024.
The size of Refractory Shapes IPO is ₹18.60 cr.
To apply for Refractory Shapes IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Refractory Shapes IPO
● 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.
The price band of Refractory Shapes IPO is fixed at ₹27 to ₹31 per share.
The minimum lot size of Refractory Shapes IPO is 4000 shares and the investment required is ₹1,08,000.
The share allotment date of Refractory Shapes IPO is 10th May 2024.
The Refractory Shapes IPO will be listed on 14th May 2024.
Shreni Shares Limited is the book-running lead manager for Refractory Shapes IPO.
Refractory Shapes plans to utilize the raised capital from the IPO to:
● To fund the purchase of commercial vehicles.
● To fund the capital expenditure requirements for civil construction and purchase plant and machinery in order to expand and set up a new manufacturing facility at the existing location in Wankaner, Gujarat.
● General Corporate Purposes.
Contact Information
Refractory Shapes
Refractory Shapes Limited
B 201, Rustomjee Central Park Chakala,
Andheri-Kurla Road, Andheri (East),
Mumbai - 400069
Phone: +91 9819995930
Email: investors@refshape.com
Website: https://www.refshape.com/
Refractory Shapes IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Refractory Shapes IPO Lead Manager
Shreni Shares Limited
