Loading...
Guest User
Welcome! Please login.
| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹18.60 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹18.60 Cr |
| Fresh Issue | ₹17.66 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹27.00-31.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | REFRACTORY |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares and in multiples thereof
Refractory Shapes Limited was founded in 1996 and manufactures various types of Bricks, Castables, high alumina catalysts and Ceramic Balls.
The company's product list includes pre-cast and pre-fired blocks (PCPF), Burner Blocks, specially shaped refractory bricks, dense and insulating castables, and mortars. The company also receives orders for metallic anchors, which are used as supports for the installation of refractory castings and for which raw materials such as tabular alumina, low alumina bricks and insulating bricks, etc. are required.
The Company's manufacturing facilities are located at Pimpri Industrial Area, Pune, Maharashtra, with a total area of 34,788 sq. ft, and at Wankaner, Morbi district in Gujarat, with a total area of 1,74,246 sq. ft. The Company also has an additional 4 acres of land with an area of 1,74,240 sq. ft. near the existing unit at Wankaner, Gujarat to expand the production unit, to add an additional kiln and manufacture more various types of refractory bricks with pressing machines.
On September 30, 2023, the company had 38 employees.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital expenditure towards civil construction required for Expansion of existing manufacturing unit at the existing location situated at Wankaner, Gujarat; | 4.30 |
| 2 | Funding of Capital expenditure towards purchase of Plant and Machineries for Expanding existing manufacturing unit at the existing location situated at Wankaner, Gujarat; | 2.51 |
| 3 | Repayment/prepayment of all or certain of our borrowings availed of by our Company | 7.00 |
| 4 | Purchase of Commercial Vehicle | 0.11 |
| 5 | General Corporate Purpose | 2.46 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 52.90 | 50.04 | 36.85 | 27.24 |
| Total Income | 29.99 | 38.72 | 26.22 | 21.80 |
| Profit After Tax | 3.08 | 1.92 | 2.87 | 1.56 |
| NET Worth | 3.97 | 16.69 | 14.77 | 11.90 |
| Reserves and Surplus | 3.97 | 16.59 | 14.67 | 11.80 |
| Total Borrowing | 23.42 | 20.49 | 15.70 | 12.34 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 15.58% |
| ROCE | 9.79% |
| Debt / Equity | 1.18% |
| RoNW | 15.58% |
| PAT Margin | 10.47% |
| Price to Book Value | 4.95 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.21 | 1.88 |
| P/E (x) | 25.55 | 16.46 |
| Promoter Holding | 100.00% | 72.48% |
| Market Cap | ₹67.58 Cr. | |
