Refractory Shapes Limited 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.
Refractory Shapes IPO – Details
| IPO Opening Date | 06 May 2024 |
| IPO Closing Date | 09 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 60,00,000 Shares Worth ₹18.60 Crore Fresh Issue: 60,00,000 Shares Worth ₹18.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 – ₹31 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Refractory Shapes IPO – Date Schedule
| IPO Open Date | 06 May 2024 |
| IPO Close Date | 09 May 2024 |
| Basis of Allotment | 10 May 2024 |
| Initiation of Refund | 13 May 2024 |
| Credit of Shares to Demat Account | 13 May 2024 |
| IPO Listing Date | 14 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 09, 2024 |
Refractory Shapes IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 4000 | ₹1,24,000 |
| Retail (Maximum) | 1 | 4000 | ₹1,24,000 |
| HNI (Minimum) | 2 | 8000 | ₹2,48,000 |
Competitive Strengths
- Approved EIL vendor;
- Wide range of company’s products;
- Location Advantage;
- Well established relationship with clients;
- Leveraging the experience of company’s Promoters and Directors;
- Strong Marketing Practices;
Company Promoters
- Mr. Dayashankar Krishna Shetty
- Ms. Pratibha Dayashankar Shetty
- Ms. Prajna Shravan Shetty
Object 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; and
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 21.79 | 19.67 | 1.56 | 12.34 |
| 31 March 2022 | 26.21 | 22.83 | 2.87 | 15.70 |
| 31 March 2023 | 38.72 | 36.23 | 1.91 | 20.48 |
| 30 September 2023 | 19.57 | 16.44 | 2.32 | 21.92 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15.58% |
| ROCE | 9.79% |
| Debt/Equity | 1.18 |
| RoNW | 15.58% |
| P/BV | 4.95 |
| PAT Margin (%) | 10.47 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.21 | 1.88 |
| P/E (x) | 25.55 | 16.46 |
Refractory Shapes IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.48% |
Refractory Shapes IPO Prospectus
- Refractory Shapes IPO DRHP
- Refractory Shapes IPO RHP
Company Contact Information
| Refractory Shapes Limited B 201, Rustomjee Central Park Chakala, Andheri-Kurla Road, Andheri (East), Mumbai – 400069 Phone: +91 9819995930 Email: investors@refshape.com Website: https://www.refshape.com/ |
Refractory Shapes IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Refractory Shapes IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Refractory Shapes IPO FAQs
| What is Refractory Shapes IPO? Refractory Shapes IPO is a SME IPO. The issue is priced at ₹27 – ₹31 per equity share. The IPO is to be listed on NSE SME. |
| When Refractory Shapes IPO will open? The IPO is to open on 06 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Refractory Shapes IPO? You can apply for Refractory Shapes IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Refractory Shapes IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Refractory Shapes”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Refractory Shapes IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Refractory Shapes”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Refractory Shapes IPO Size? Refractory Shapes IPO size is ₹18.60 crores. |
| What is Refractory Shapes IPO Price Band? Refractory Shapes IPO Price Band is ₹27 – ₹31. |
| What is Refractory Shapes IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,24,000 amount while the maximum bid is 4000 shares with ₹1,24,000. |
| What is the Refractory Shapes IPO Allotment Date? Refractory Shapes IPO allotment date is 10 May 2024. |
| What is the Refractory Shapes IPO Listing Date? Refractory Shapes IPO listing date is 14 May 2024. The IPO is to list on NSE SME. |
