Refractory Shapes Limited
Book Built Issue IPO · NSE
- Price band
- ₹27 - ₹31
- Lot size
- 4,000 shares
- Issue amount
- ₹18.6 cr
- Total subscription
- 247.83×
- Opens
- 6 May 2024
- Closes
- 9 May 2024
- Allotment
- 10 May 2024
- Listing
- 14 May 2024
Offer at a glance
Issue overview
- Issue size
- 60,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹18.6 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,24,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,58,00,000
- Shares after issue
- 2,18,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 4,000 | ₹1,24,000 |
| HNI | 2 | 8,000 | ₹2,48,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.55 | 321.28 |
| RETAIL | 6.19 | 1,520.34 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 0.97 | 1.21 | 1.82 |
| ROE | 15.58 | 12.19 | 21.53 |
| ROCE | 9.79 | 8.04 | 11.38 |
| RONW | 15.58 | 11.49 | 19.44 |
| PRE IPO(PE) | 4.95 | 0 | 0 |
| POST IPO(PE) | 25.55 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 1996, Refractory Shapes Limited is a leading manufacturer of high-quality refractory products, including bricks, castables, high alumina catalysts, and ceramic balls. The company operates two strategically located manufacturing facilities—one in Pimpri Industrial Area, Pune, Maharashtra, covering 34,788 sq. ft, and another in Wankaner, Morbi district, Gujarat, spanning 1,74,246 sq. ft. Additionally, it owns 4 acres of land near the Wankaner unit for future expansion. Committed to excellence, the company specializes in producing pre-cast and pre-fired blocks, burner blocks, shaped bricks, castables, mortars, and more, serving a wide range of industrial needs. With a dedicated team of 38 professionals (as of September 30, 2023), Refractory Shapes Limited ensures top-quality products and outstanding service for its customers.
Strengths
- Wide and Versatile Product Portfolio: Offers a broad range of high-quality refractory products such as pre-cast and pre-fired blocks, burner blocks, shaped bricks, castables, and mortars, enabling the company to cater to diverse industries with tailored solutions.
- Advantageous Manufacturing Locations: Operates facilities in Pune, Maharashtra, and Wankaner, Gujarat, providing strategic proximity to major industrial hubs and supporting efficient production, logistics, and distribution for both domestic and international markets.
- Strong and Long-Standing Client Relationships: Has developed deep trust and loyalty among customers by consistently delivering superior products and reliable service, resulting in repeat business and new opportunities for growth.
Risk factors
- Exposure to Legal Risks: The company, its promoters, directors, and group entities are involved in ongoing legal matters. Any unfavorable decision could affect financial stability, disrupt business operations, and harm its reputation. Legal expenses and potential settlements may further strain resources.
- Concerns Over Negative Cash Flow: Past instances of negative cash flow raise concerns about the company’s ability to fund growth, invest in expansion or R&D, and maintain profitability. Continued negative cash flow may weaken overall competitiveness.
- Risk of Manufacturing Disruptions: Any slowdown or stoppage at the company’s Pune or Wankaner manufacturing units could delay order fulfillment, result in revenue losses, and impact customer trust. Such disruptions may also lead to higher operational costs due to downtime and interrupted production.
Promoters
Mr. Dayashankar Krishna Shetty
Ms. Pratibha Dayashankar Shetty
Ms. Prajna Shravan Shetty.
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B 201, Rustomjee Central Park Chakala,, Andheri-Kurla Road, Andheri (East), Mumbai - 400069
+91 9819995930
[email protected]Company website ↗Understanding REFRACTORY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.