Refractory Shapes Limited IPO
- IPO Date06 May, 2024 to 09 May, 2024
- Listing Date14 May, 2024
- Face Value₹10 per share
- Issue Price₹27 to ₹31 per share
- Lot Size4000 Shares
- Minimum Investment₹1,24,000
- Listing AtNSE SME
- Total Issue Size60,00,000 Shares
(aggregating up to ₹18.60 Cr) - Fresh Issue60,00,000 Shares
(aggregating up to ₹18.60 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,58,00,000
- Shareholding post issue2,18,00,000
IPO Dates
Closing Date
09 May, 2024
Initiation of Refunds
13 May, 2024
Listing Date
14 May, 2024
06 May, 2024
Opening Date
10 May, 2024
Basis of Allotment
13 May, 2024
Credit of Shares
Refractory Shapes Limited Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,24,000 |
| Retail (Max) | 1 | 4000 | ₹1,24,000 |
| HNI (Min) | 2 | 8000 | ₹2,48,000 |
Refractory Shapes Limited Promoter Holding
The company's promoters are Mr. Dayashankar Krishna Shetty, Ms. Pratibha Dayashankar Shetty, and Ms. Prajna Shravan Shetty.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.48% |
Refractory Shapes Limited COMPANY INFORMATION
Refractory Shapes IPO is a book built issue of Rs 18.60 crores. The issue is entirely a fresh issue of 60 lakh shares. Refractory Shapes IPO opens for subscription on May 6, 2024 and closes on May 9, 2024. The allotment for the Refractory Shapes IPO is expected to be finalized on Friday, May 10, 2024. Refractory Shapes IPO will list on NSE SME with tentative listing date fixed as Tuesday, May 14, 2024. Refractory Shapes IPO price band is set at ₹27 to ₹31 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹248,000. Shreni Shares Limited is the book running lead manager of the Refractory Shapes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Refractory Shapes IPO is Shreni Shares. Refer to Refractory Shapes IPO RHP for detailed information.
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.
FAQs About Refractory Shapes Limited Ipo
Refractory Shapes Limited IPO will open on 06 May, 2024 and close on 09 May, 2024. Investors must apply within this period to participate.
The Refractory Shapes Limited IPO price band is set between ₹27.00 and ₹31.00 per share. The minimum lot size is 4000, requiring an investment of at least ₹124000.00.
The Refractory Shapes Limited IPO shares are expected to be listed on 14 May, 2024, subject to regulatory approvals and final allotment.
You can track your Refractory Shapes Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Refractory Shapes Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.