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
| Particulars | For the year/period ended (₹ in Lakh) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,232.20 | 1,057.17 | 898.33 | 792.01 |
| Total Revenue | 1,447.64 | 2,572.48 | 2,099.59 | 1,855.95 |
| Profit After Tax | 80.74 | 75.35 | 39.93 | 20.59 |
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 Date | Mar 09, 2022 |
| IPO Closing Date | Mar 11, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | 547,200 Eq Shares of ₹10 (aggregating up to ₹4.92 Cr) |
| Fresh Issue | 297,600 Eq Shares of ₹10 (aggregating up to ₹2.68 Cr) |
| Offer for Sale | 249,600 Eq Shares of ₹10 (aggregating up to ₹2.25 Cr) |
SP Refactories IPO Tentative Timetable
| IPO Open Date | Mar 9, 2022 |
| IPO Close Date | Mar 11, 2022 |
| Basis of Allotment Date | Mar 16, 2022 |
| Initiation of Refunds | Mar 17, 2022 |
| Credit of Shares to Demat Account | Mar 21, 2022 |
| IPO Listing Date | Mar 22, 2022 |
SP Refactories IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹144,000 |
| Maximum | 1 | 1600 | ₹144,000 |
SP Refactories IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.42% |
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 Website: http://www.sprefractories.com/ |
SP Refactories IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.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]. |
