SP Refractories Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 259,200 (47%) | — | ₹233 Cr |
| Retail | — | 259,200 (47%) | — | ₹233 Cr |
| Market Maker | — | 28,800 (5%) | — | ₹3 Cr |
| Σ Total | — | 547,200 (100%) | — | ₹4,925 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 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 1,448 | 2,572 | 2,100 |
| Profit After Tax | 81 | 75 | 40 |
| Total Assets | 1,232 | 1,057 | 898 |
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
- 1 Funding Working Capital Requirement – 2.21
- 2 General Corporate Purpose – 0.17
Company Overview
SP Refractories Ltd manufactures and supplies refactory material made using hydrated lime, Calcined Alumina, and other raw materials. Refractory 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 refractory 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.