SP Refactories Limited IPO (SP Refactories IPO)

SP Refactories IPO
Upcoming SP Refactories IPO | New SP Refactories IPO

SP Refactories Ltd manufactures and supplies refactory material made using hydrated lime, Calcined Alumina, and other raw materials. Refactory cement is its core focus that is widely used in steel & construction industries because of high thermal conductivity, maximum strength, and heat resistance. The company purchases clinkers from outsiders and thereafter crushes, blend, and pack refactory cement in powder form in its manufacturing facility.

Its manufacturing facility are situated in Hingna, Nagpur. The business has a total clinkers manufacturing capacity of 4000 MT per year and clinkers crushing capacity of 6000 MT per year.

Competitive Strengths

  • Experienced promoters and management team with successful track record.
  • Long standing relationship with customers and suppliers.
  • Strong balance sheet and financial track record.
  • Strategically located manufacturing facility in Nagpur.

Company Promoters

Namita Prabodh Kale, Shweta Prabodh Kale, and Prajakta Prabodh Kale are the company promoters.

Company Financials

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets1,232.201,057.17898.33792.01
Total Revenue1,447.642,572.482,099.591,855.95
Profit After Tax80.7475.3539.9320.59

Objects Of The Issue

The IPO aims to raise funds for the following purposes;

  • Fund working capital requirements.
  • General corporate purposes.

SP Refactories IPO Details

IPO Opening DateMar 09, 2022
IPO Closing DateMar 11, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹90 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size547,200 Eq Shares of ₹10
(aggregating up to ₹4.92 Cr)
Fresh Issue297,600 Eq Shares of ₹10
(aggregating up to ₹2.68 Cr)
Offer for Sale249,600 Eq Shares of ₹10
(aggregating up to ₹2.25 Cr)

SP Refactories IPO Tentative Timetable

IPO Open DateMar 9, 2022
IPO Close DateMar 11, 2022
Basis of Allotment DateMar 16, 2022
Initiation of RefundsMar 17, 2022
Credit of Shares to Demat AccountMar 21, 2022
IPO Listing DateMar 22, 2022

SP Refactories IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)

SP Refactories IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding69.42%

SP Refactories IPO Prospectus

Company Contact Information

SP Refactories Limited
M-10, M-11/1 & M-11/2, MIDC Industrial Area,
Hingna Road, Nagpur – 440016

Phone: 07104-235388/99
Email: info@sprefractories.com

SP Refactories IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

SP Refactories IPO FAQs

When SP Refactories IPO will open?

The SP Refactories IPO dates are 09 Mar 2022 To 11 Mar 2022
What is the lot size of SP Refactories IPO ?

SP Refactories IPO lot size and the minimum order quantity is 1600 Shares.
How to apply for SP Refactories IPO ?

You can apply in SP Refactories IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is SP Refactories IPO listing date?

The SP Refactories IPO listing date is announced. The date of SP Refactories IPO listing is [22 March 2022].
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