This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Funding of capital expenditure for civil construction to expand and establish a new manufacturing unit at the existing site in Wankaner, Gujarat.
Funding of capital expenditure for the purchase of plant and machinery to expand and set up a new manufacturing unit at the existing location in Wankaner, Gujarat.
Strengths & Weaknesses of Refractory Shapes Limited
Vast experience
The company has been manufacturing various types of bricks and castables for over two decades and has been producing high alumina catalysts and ceramic balls since 2003
Wide & strong customer base
The company has a pan-India presence, boasting a wide customer base across all major states in India
Product & service quality
The long-term success of the company hinges on its ability to consistently deliver excellence in both the perceived and realized value of its products and services to customers
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, its promoters, promoter group, directors, and group companies. Any adverse decision in these proceedings may have a material adverse effect on the business
Negative cash flows
The company has experienced negative cash flows in recent years. Sustained negative cash flow could adversely impact the company's growth and business operations
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)
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Cash Flow
The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Refractory Shapes Limited
Refractory Shapes specializes in manufacturing various refractory products. Their product range includes different types of bricks and castables, high alumina catalysts, and ceramic balls. They produce pre-cast and pre-fired blocks, burner blocks, specially shaped refractory bricks, dense and insulating castables, and mortars.
Promoter
Dayashankar Krishna Shetty
Promoter
Pratibha Dayashankar Shetty
Promoter
Prajna Shravan Shetty
Refractory Shapes Limited IPO FAQs
What is Refractory Shapes Limited IPO?
Refractory Shapes Limited IPO refers to the initial public offering of shares by Refractory Shapes Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of Refractory Shapes Limited IPO?
For Refractory Shapes Limited IPO the issue size is ₹19 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the Refractory Shapes Limited IPO?
For Refractory Shapes Limited IPO the minimum investment is ₹1,08,000. The minimum investment for Refractory Shapes Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of Refractory Shapes Limited IPO?
For Refractory Shapes Limited IPO the lot size is 4000 shares. The lot size of Refractory Shapes Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for Refractory Shapes Limited IPO on Share.Market?
To apply for Refractory Shapes Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Refractory Shapes Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for Refractory Shapes Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Refractory Shapes Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of Refractory Shapes Limited IPO?
For Refractory Shapes Limited IPO the allotment date is May 10, 2024. The allotment date of Refractory Shapes Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of Refractory Shapes Limited IPO?
For Refractory Shapes Limited IPO, the subscription opens on May 6, 2024 and closes on May 9, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
