Refractory Shapes IPO Date, Details, GMP, Allotment

Refractory Shapes IPO (Refractory Shapes Limited IPO): The date for the IPO has been set. It will open on April 06, 2024, and close on May 09, 2024. Refractory Shapes IPO going to be listed on NSE SME. The expected listing date is fixed as Tuesday, May 14, 2024.

aims to raise a book-built issue of Rs 1860 Lakhs through a fresh issue of 60 lakh shares. The IPO price band of Refractory Shapes IPO is ₹27 to ₹31 per share.

Refractory Shapes IPO Date, Details, GMP, Allotment
Refractory Shapes Limited IPO

Refractory Shapes IPO Dates and Details

Open Date06th May 2024
Close Date09th May 2024
Listing Date14th May 2024 [Expected]
IPO SizeRs 1860 Lakhs through 60 lakh shares
Face Value₹10 per share
IPO Price Band₹27 to ₹31 per share
IPO Listing onNSE SME
Lot Size4000 Shares
OFSNot Applicable
Retail Quota35%of the total issue share
QBI50% of the total issue share
HNI15% of the total issue share

Refractory Shapes IPO Dates Expected

  • IPO Open Date: 6th April 2024
  • IPO Close Date: 9th May 2024
  • Basis of Allotment: 10th May 2024
  • Initiation of Refunds: 13th May 2024
  • The credit of Shares to Demat: 13th May 2024
  • Listing Date: 14th May 2024
  • UPI mandate confirmation: 5 PM on 9th May 2024

Refractory Shapes IPO Lot Size For Retails, QBIs and HNIs

ApplicantsLot Size (Min & Max)ShareAmount
Retail1 Lot (Min) 1 lot (Max)4000₹124000 Max
S-HNI2 Lot Min.8000₹248,000 Min
B-HNI2 Lots (Min)8000₹248,000 Min

Refractory Shapes Limited Promoters holding or Owners Holdings

The company’s promoters are

  • Mr. Dayashankar Krishna Shetty
  • Ms. Pratibha Dayashankar Shetty
  • Ms. Prajna Shravan Shetty

And holds share on pre-issue 100%

Refractory Shapes IPO GMP (Gray Market Premium) day-by-day

DateGMPIPO PriceEstimate Listing PriceUpdate On
05/05/2024₹11₹31₹4205/05/2024 11:34
04/05/2024₹8₹31₹3904/05/2024 11:16
03/05/2024₹8₹31₹3903/05/2024 24:00
02/05/2024₹5₹31₹3602/05/2024 19:35
01/05/2024₹5₹31₹3601/05/2024 24:00
30/04/2024₹0₹31₹3130/04/2024 09:00
29/04/2024₹0₹31₹3129/04/2024 15:00

To see Refractory Shapes IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click on the link.

Refractory Shapes IPO Allotment Status

Refractory Shapes IPO allotment expected date is 10th May 2024. To check the allotment status follow the passage.

To check Refractory Shapes Limited IPO Allotment Visit the link BIGSHARE SERVICES PVT LTD select IPO Name enter your Application No or PAN No then click on submit. Now you can see the allotment status.

Know About Refractory Shapes Limited

Refractory Shapes Limited started back in 1996, crafting a range of bricks, castables, high alumina catalysts, and ceramic balls. They’ve got quite the lineup, including pre-cast and pre-fired blocks (PCPF), burner blocks, custom-shaped refractory bricks, dense and insulating castables, and mortars.

They even take orders for metallic anchors, which are handy for supporting refractory castings during installation. To make all this happen, they need top-notch materials like tabular alumina, low alumina bricks, and insulating bricks.

Their main manufacturing hub sits in the Pimpri Industrial Area, Pune, Maharashtra, covering about 34,788 square feet. But that’s not all—they’ve got another facility in Wankaner, Morbi district, Gujarat, sprawling across 1,74,246 square feet.

And they’re gearing up for expansion, with an extra 4 acres of land (about 1,74,240 square feet) near their Gujarat unit. They’re planning to increase production, add another kiln, and bring in more pressing machines to churn out a wider range of refractory bricks.

For More Details please see – Refractory Shapes Limited DRHP

Objects of the Issue

  1. Money is needed for building and expanding a new manufacturing unit in Wankaner, Gujarat.
  2. Funds are required to buy new plants and machinery for the expanded manufacturing unit in Wankaner, Gujarat.
  3. Purchase of a commercial vehicle.
  4. Money for general corporate needs.

Refractory Shapes Limited Financial Status (Restated)

ParticularsFor the Period / Year ended on (₹ in Lakhs)
30th September, 202331st March, 202331st March, 202231st March, 2021
PAT (Profit After Tax)232.21191.74287.04156.39
Total Borrowing2,192.282,048.631,570.121,234.18
Net Worth1,900.851,668.641,476.901,189.86

Key Performance Indicator (KPI) of Refractory Shapes Limited

ParticularsAs of 30 September 2023
EBITDA532.59 Lakh or 27.77%
PAT Margin (in %)12.11%
RoCE (in %)12.22%
RoE (%)12.22%
EPS1.21 per share pre-issue & post-issue 2.13
PE Ratio25.55 on pre-issue & 14.55 post-issue

Peer Group

  • S P Refractories Limited
  • IFGL Refractories Limited

Refractory Shapes IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Refractory Shapes IPO Book Running Lead Manager

(Formerly Known as Shreni Shares Private Limited)

Telephone: 022- 2089 7022

Refractory Shapes Limited Contact

Refractory Shapes Limited
B 201, Rustomjee Central Park Chakala,
Andheri-Kurla Road, Andheri (East),
Mumbai – 400069
Phone: +91 9819995930

How To Apply For Refractory Shapes

To apply for the Refractory Shapes IPO online, you have two payment options: UPI or ASBA. Here’s how you can do it through various platforms:

  1. Zerodha, Dhan, Upstock, etc.: These brokers offer UPI IPO applications. You can apply for the IPO through their respective platforms by selecting the Refractory Shapes IPO and completing the application process using UPI as the payment method.
  2. ICICI Bank, HDFC Bank, and SBI Bank: These banks provide ASBA IPO applications. You can apply for the IPO through their net banking portals. Simply log in to your bank account, navigate to the IPO section, select the Racks & Rollers IPO, and fill out the application form, specifying the bid quantity and price. Then, submit the application using ASBA as the payment method.


What is the IPO price band for Refractory Shapes Limited?

The IPO price band for Refractory Shapes Limited is set between ₹27 to ₹31 per share.

What are the objects of the issue for Refractory Shapes Limited?

The funds raised through the IPO will be used for building and expanding a new manufacturing unit, buying new plants and machinery, purchasing a commercial vehicle, and for general corporate needs.

How can I apply for the Refractory Shapes IPO?

You can apply for the Refractory Shapes IPO online through various platforms like Zerodha, Dhan, Upstock, etc., using UPI as the payment method, or through ASBA IPO applications provided by banks like ICICI Bank, HDFC Bank, and SBI Bank.

What are the key financial indicators of Refractory Shapes Limited?

As of September 30, 2023, the company’s EBITDA was 532.59 Lakhs, PAT Margin was 12.11%, RoCE was 12.22%, RoE was 12.22%, and EPS was 1.21 per share pre-issue and post-issue 2.13.

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