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SME IPO Status: Listed [6th May 2024 to 9th May 2024]
Refractory Shapes IPO, a SME IPO of ₹18.60 Cr was launced on 06-05-2024 to 09-05-2024 and the shares got listed on NSE SME on 14-05-2024.
The public issue of Refractory Shapes IPO (REFRACTORY) was offered at ₹31.00 per share and the ipo was listed at ₹75.00. It has delivered listing gain of 141.94%.
As the minimum lot size was 4000 shares, the IPO has offered Rs 176000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 6th May 2024 |
| SME IPO Issue Closing Date: | 9th May 2024 |
| SME IPO Issue Price: | ₹27.00-31.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹18.60 Cr |
| Fresh Issue: | ₹18.60 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 72.48% |
| Allotment Status: | Allotment Status |
| NSE Code: | REFRACTORY |
Get important updates regarding Refractory Shapes SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th May 2024 |
| Refunds Initiation* | 13th May 2024 |
| Credit of Shares to Demat* | 13th May 2024 |
| SME IPO Listing Date* | 14th May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹27.00-31.00 |
| Market Lot: | 4000 Shares |
| 1 Lot Amount: | ₹124000 |
| Min HNI Lots: | 8000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-05-2024 | 31.00 | 25 | 76000 | ₹56 (80.65%) | 14-May-2024 10:43 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Refractory Shapes Limited is principally engaged in the manufacture of various types of bricks, castables, high alumina catalysts and ceramic spheres, including pre-cast and pre-fired blocks (“PCPF”), kiln bricks, special shaped refractory bricks, dense and insulating castables and mortars. The company has been developing and supplying products for refineries and the steel industry since it was founded in 1973. In 2007 and 2011, the company was first approved as a supplier by Engineer India Limited (“EIL”) and listed by EIL for “High Alumina Refractory Bricks”.
The company's customized products find application in a wide range of industries including steel, refineries, fertilizers, petrochemicals, glass, cement, etc. The company's refractory products are designed to withstand the harsh conditions in these industries and contribute to improved operational efficiency and longer equipment life.
In the domestic market, the company sources its raw materials mainly from Andhra Pradesh, Dadra & Nagar Haveli, Gujarat, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Uttar Pradesh, West Bengal and Tamil Nadu. In the international market, the company sources its raw materials from France and China, based on purchases for the period ending September 30, 2023 and for the financial years ending March 31, 2023, 2022 and 2021.
| Incorporation | Sector | IPO Issue Size | Website |
| 1973 | Electrodes & Refractories | ₹18.60 Cr | https://www.refshape.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,144,000 (28.63%) | 856,000 (21.42%) | 1,996,000 (49.95%) | 3,996,000 | |
| 1 | 6th May 2024 19:31 | 0.01x | 2.73x | 8.49x | 4.83x |
| 2 | 7th May 2024 19:31 | 0.05x | 19.17x | 30.33x | 19.27x |
| 3 | 8th May 2024 19:31 | 0.07x | 35.79x | 65.56x | 40.43x |
| 4 | 9th May 2024 18:21 | 90.59x | 464.43x | 259.56x | 255.08x |
Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,289.90 | 5,003.81 | 3,684.82 | 2,723.72 |
| Revenue | 2,999.04 | 3,872.23 | 2,621.67 | 2,179.67 |
| Profit After Tax | 307.94 | 191.74 | 287.04 | 156.39 |
| Net Worth | 396.58 | 1,668.64 | 1,476.90 | 1,189.86 |
| Reserves and Surplus | 396.58 | 1,658.64 | 1,466.90 | 1,179.86 |
| Total Borrowing | 2,341.80 | 2,048.63 | 1,570.12 | 1,234.18 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Refractory Shapes Limited | 1.21 | 10.56 | 11.49 | |||
| Sp Refractories Limited | 6.56 | 49.97 | 17.45 | 7.13 | Standalone | |
| Ifgl Refractories Ltd | 16.97 | 172.67 | 31.91 | 10.12 | Standalone |
Last Updated on 15-May-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Refractory Shapes SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Refractory Shapes SME IPO with Zerodha.
Alternate approch to apply in Refractory Shapes SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Refractory Shapes SME IPO Review and Important Updates
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To subscribe or apply in Refractory Shapes SME IPO, you can use the following methods:
| Refractory Shapes SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Refractory Shapes SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Refractory Shapes SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Refractory Shapes SME IPO. Most of the Syndicate Banks provide access to apply in Refractory Shapes IPO via ASBA process. You must have your net banking access, DP ID information to apply in Refractory Shapes SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Refractory Shapes SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Refractory Shapes SME IPO Review and Important Updates
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Refractory Shapes SME IPO is going to be list on 14-05-2024. NSE Code for Refractory Shapes is REFRACTORY.
Other relevant questions:
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Refractory Shapes SME IPO Allotment Date is 10-05-2024.
Other relevant questions:
Refractory Shapes SME IPO share allotment date?Refractory Shapes SME IPO allotment date?
