Refractory Shapes Ltd IPO

About Refractory Shapes Ltd

Our company was originally formed as a Proprietorship Firm under the name of M/s. Refractory Shapes in the year 1973. M/s. Refractory Shapes was thereafter converted into Private Limited Company under the name Refractory Shapes Private Limited under the provisions of the Companies Act, 1956 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Bombay on January 08, 1996. Subsequently, the status of the Company was changed to Public Limited and the name of our Company was changed to Refractory Shapes Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on January 18, 2024. The fresh certificate of incorporation consequent to conversion was issued on February 02, 2024 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U26921MH1996PLC096012.

We operate in the Refractory Industry for manufacturing different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls. Refractories refer to ceramic materials that are resistant to extremely high temperatures and endure physical wear and corrosion produced by chemical agents. Refractories are made from natural and artificial materials, mainly non-metallic or mixtures of compounds and minerals, Since they are more heat resistant than metals, they are used to line the hot surfaces found within many industrial processes, including the manufacturing of petrochemical goods and refining of gasoline.

We are engaged in the manufacturing of different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls which includes Pre Cast & Pre Fired Blocks (PCPF), Burner Blocks, Special shaped Refractory bricks, Dense & Insulating Castables & Mortars. The tailored made products shaped by the Company finds its application in a diverse range of Industries, including Steel, Refineries, Fertilizers, Petrochemicals, Glass, Cement etc. The company's refractories are engineered to endure the harsh conditions of these industries, contributing to enhanced operational efficiency and extended equipment life, the tailored made finished goods provide diversity in the products being manufactured by our Company wherein modern manufacturing equipment are installed for scaling the manufacturing. In addition to the manufacturing activity being carried out by the Company, Refractory Shapes is often involved in receiving orders for those items from clients which are not a part of Company's operations in manufacturing activities. These items include Metallic Anchors which are used as support for installing refractory castables for which Raw Materials such as tabular alumina, low alumina bricks and insulation bricks, etc are required, For such orders, our company procures these items from their approved vendors and sells to the clients, hence, our Company is also involved in trading of the aforesaid products.

Strengths

Risk

Strategy