Refractory Shapes Limited IPO

Price
₹27 - ₹31
Lot
4000
Subs.
255.08
Expected Listing Earning

Exp. Premium(GMP):
13.00(41.94%)
IPO Details

Open Date: 06-May-2024
Close Date: 09-May-2024
Allotment Date: 10-May-2024
Listing Date: 14-May-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹27-31 Per Equity Share
Issue Size: Total Issue Size 6,000,000 shares (aggregating up to ₹18.60 Cr) : Fresh Issue 6,000,000 shares (aggregating up to ₹18.60 Cr)
Market Lot (Min Amount): Retail - ₹124,000 : HNI - ₹248,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved1,144,000856,0001,996,0003,996,000
Day 1 - 06-05-24 
05:00 PM
0.01x2.73x8.49x4.83x
Day 2 - 07-05-24 
05:00 PM
0.05x19.17x30.33x19.27x
Day 3 - 08-05-24 
05:00 PM
0.07x35.79x65.56x40.43x
Day 4 - 09-05-24 
05:00 PM
90.59x464.43x259.56x255.08x
Total No. of Application:129,522 (Approx.)
Retail Subscription on the basis of Apps:259.56x
Valuations

Earning Per Share(EPS)1.21/-
P/E Ratio25.55
RoNW15.58%
Net Asset Value (NAV) - Post Issue:10.56/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Dec,20235,289.902,999.04307.94
31 Mar,20235,003.813,872.23191.74
31 Mar,20223,684.822,621.67287.04
31 Mar,20212,723.722,179.67156.39
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding72.48%
Company Promoter(s)
1. Mr. Dayashankar Krishna Shetty
2. Ms. Pratibha Dayashankar Shetty
3. Ms. Prajna Shravan Shetty
Issue Objective(s)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. 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;
  2. 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;
  3. Purchase of commercial vehicle; and
  4. General corporate purposes.
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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