Refractory Shapes Ltd

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.

Open Demat Account

50years

Refractory Shapes Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
TBATBATBATBANSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
06 May, 2409 May, 244000 TBA Fixed Price - SME14 May, 24

Refractory Shapes Ltd IPO Details

Refractory Shapes Ltd IPO Dates

  • 06 May 2024

    Opening date

  • 09 May 2024

    Closing date

  • -

    Basis of
    Allotment

  • -

    Initiation of
    Refunds

  • -

    Credit of
    Shares

  • 14 May 2024

    Listing date

Details

SectorType
SectorRefractories
Sub SectorIntermediates
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII0x
Retail0x
Employee0x
Total0x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Refractory Shapes Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations3.654.052.50
EBITDA4.714.402.89
PAT1.922.871.56
Total Assets24.4917.6720.17
Share Capital0.100.100.10
Total Borrowings16.648.776.11
Operating Activities (Net Cash)2.983.221.95
Investing Activities (Net Cash)6.240.800.01
Financing Activities (Net Cash)16.648.776.11
Net Cashflow4.606.237.73

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

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.

Peer Comparison:

  • Refractory Shapes Ltd
  • SP Refractories Ltd
  • IFGL Refractories Ltd

Refractory Shapes Ltd IPO Key Points

Strengths

  • ISO 9001:2015, 14001:2015 & 45001:2018 certified.
  • ISO/IEC 17025:2017.
  • Approved EIL vendor.
  • Wide range of our products.
  • Location Advantage.

Risk

  • There are outstanding legal proceedings involving the Company, Promoters, Promoter Group, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The Company is an Approved Vendor having enlisted by Engineers India Limited (EIL). If, the Company does not receive the recognition then it may harm its Brand Value or Reputation and may adversely affect its Business, Results of Operations, Financial Condition and Cash Flows.

Strategy

  • Expansion of its Manufacturing Facility.
  • Target new product & customer segments.
  • Introduce Innovative techniques.
  • Increase value addition by changing the Product mix.

Refractory Shapes Ltd IPO Key Points

  • ISO 9001:2015, 14001:2015 & 45001:2018 certified.
  • ISO/IEC 17025:2017.
  • Approved EIL vendor.
  • Wide range of our products.
  • Location Advantage.
  • There are outstanding legal proceedings involving the Company, Promoters, Promoter Group, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The Company is an Approved Vendor having enlisted by Engineers India Limited (EIL). If, the Company does not receive the recognition then it may harm its Brand Value or Reputation and may adversely affect its Business, Results of Operations, Financial Condition and Cash Flows.
  • Expansion of its Manufacturing Facility.
  • Target new product & customer segments.
  • Introduce Innovative techniques.
  • Increase value addition by changing the Product mix.

How To Apply for Refractory Shapes Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Refractory Shapes Ltd's IPO offers shares for up to ₹ TBA It begins on May 6, 2024 and ends on May 9, 2024.

The price of Refractory Shapes Ltd IPO ranges between ₹0 to ₹0 per share.

The Refractory Shapes Ltd IPO opens on May 6, 2024 and closes on May 9, 2024.

The allotment for the Refractory Shapes Ltd IPO will be finalised on Invalid Date. The shares will be listed on BSE and NSE on May 14, 2024.

The minimum lot size for Refractory Shapes Ltd IPO is 4000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of Refractory Shapes Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Refractory Shapes Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Refractory Shapes Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 6, 2024, and closes on May 9, 2024. The allotment is finalised on Invalid Date.

To apply for the Refractory Shapes Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.