Refractory Shapes Limited started developing and supplying products to Refineries and Steel Industries since its inception in 1973. In the years 2007 and 2011, their Company had for the first time became an approved vendor with Engineer India Limited (“The EIL”) and also got enlisted with EIL for “High Alumina Refractory Bricks”, their Company is the Original Equipment Manufacturer in many projects executed by EIL, which increased the opportunities of their Company in many green field projects, this EIL enlistment is re-validated every 3 years.
The tailored products shaped by the Company find their application in a diverse range of Industries, including Steel, Refineries, Fertilizers, Petrochemicals, Glass, Cement, etc. The company’s refractories are engineered to endure the harsh conditions of these industries, contributing to enhanced operational efficiency and extended equipment life. The tailored-finished goods provide diversity in the products being manufactured by their Company wherein modern manufacturing equipment is installed for scaling the manufacturing.
In addition to the manufacturing activity being carried out by the Company, Refractory Shapes is often involved in receiving orders for those items from clients that are not a part of the Company’s operations in manufacturing activities. These items include Metallic Anchors which are used as support for installing refractory castables for which Raw Materials such as tabular alumina, low alumina bricks insulation bricks, etc are required, For such orders, their company procures these items from their approved vendors and sells to the clients, hence, their Company is also involved in trading of the aforesaid products.
Objects of the 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.
- General corporate purposes.
Refractory Shapes IPO Review
- May Apply
Refractory Shapes IPO Date & Price Band Details
| IPO Open: | May 6, 2024 |
| IPO Close: | May 9, 2024 |
| IPO Size: | Approx ₹18.60 Crores, 6,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹27 to ₹31 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Refractory Shapes IPO Market Lot
The Refractory Shapes IPO minimum market lot is 4000 shares with a ₹124,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹124,000 |
| Retail Maximum | 1 | 4000 | ₹124,000 |
| S-HNI Minimum | 2 | 8000 | ₹248,000 |
Refractory Shapes IPO Dates
The Refractory Shapes IPO date is May 6 and the IPO close date is May 9. The IPO allotment date is May 10 and the IPO might list on May 14.
| IPO Open Date: | May 6, 2024 |
| IPO Close Date: | May 9, 2024 |
| Basis of Allotment: | May 10, 2024 |
| Refunds: | May 13, 2024 |
| Credit to Demat Account: | May 13, 2024 |
| IPO Listing Date: | May 14, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Refractory Shapes IPO Form
How to apply Refractory Shapes IPO? You can apply Refractory Shapes IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Refractory Shapes IPO in the Invest section. The other option you can apply Refractory Shapes IPO via IPO forms download via the NSE website. Check out the Refractory Shapes forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Refractory Shapes Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹21.80 | ₹19.68 | ₹1.56 |
| 2022 | ₹26.22 | ₹22.84 | ₹2.87 |
| 2023 | ₹38.72 | ₹36.23 | ₹1.92 |
| September 2023 | ₹19.57 | ₹16.44 | ₹2.32 |
Refractory Shapes IPO Valuation – FY2023
Check Refractory Shapes IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.21 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 11.49% |
| Net Asset Value (NAV): | ₹10.56 per Equity Share |
Peer Group
- S P Refractories Limited
- IFGL Refractories Limited
Company Promoters
- Mr. Dayashankar Krishna Shetty
- Ms. Pratibha Dayashankar Shetty
- Ms. Prajna Shravan Shetty
Refractory Shapes IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Refractory Shapes IPO Allotment Status
Check Refractory Shapes IPO allotment status on Bigshare website URL. Click Here
Refractory Shapes IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
Refractory Shapes Limited
B 201, Rustomjee Central Park Chakala,
Andheri-Kurla Road, Andheri (East),
Mumbai – 400069
Phone: +91 9819995930
Email: [email protected]
Website: https://www.refshape.com/
