Refractory Shapes Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,844,000 (47%) | — | ₹882 Cr |
| NII (HNI) | — | 856,000 (14%) | — | ₹265 Cr |
| Retail | — | 1,996,000 (33%) | — | ₹619 Cr |
| Market Maker | — | 304,000 (5%) | — | ₹9 Cr |
| Σ Total | — | 6,000,000 (100%) | — | ₹18,600 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹124,000 |
| Retail (Max) | 13 | 52,000 | ₹1,612,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,736,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,308,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 3,685 | 3,685 | 2,622 |
| Profit After Tax | 308 | 192 | 287 |
| Net Worth | 397 | 1,669 | 1,477 |
| Total Assets | 5,290 | 5,004 | 3,685 |
| Reserves & Surplus | 397 | 1,659 | 1,467 |
| Total Borrowing | 2,342 | 2,049 | 1,570 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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 Overview
Refractory Shapes Limited was founded in 1996 and 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.