Refractory Shapes Ltd IPO
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Refractory Shapes Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | TBA | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 06 May, 24 | 09 May, 24 | 4000 | TBA | Fixed Price - SME | 14 May, 24 |
Refractory Shapes Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Refractories |
| Sub Sector | Intermediates |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 103640000 |
| NII | 0x | 0 | 397856000 |
| Retail | 0x | 0 | 518088000 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 1019584000 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.65 | 4.05 | 2.50 |
| EBITDA | 4.71 | 4.40 | 2.89 |
| PAT | 1.92 | 2.87 | 1.56 |
| Total Assets | 24.49 | 17.67 | 20.17 |
| Share Capital | 0.10 | 0.10 | 0.10 |
| Total Borrowings | 16.64 | 8.77 | 6.11 |
| Operating Activities (Net Cash) | 2.98 | 3.22 | 1.95 |
| Investing Activities (Net Cash) | 6.24 | 0.80 | 0.01 |
| Financing Activities (Net Cash) | 16.64 | 8.77 | 6.11 |
| Net Cashflow | 4.60 | 6.23 | 7.73 |
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:
- 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 our Company, Promoters, Promoter Group, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
- Our Company is an Approved Vendor having enlisted by Engineers India Limited (EIL). If, our Company does not receive the recognition then it may harm our Brand Value or Reputation and may adversely affect our Business, Results of Operations, Financial Condition and Cash Flows.
Strategy
- Expansion of our Manufacturing Facility.
- Target new product & customer segments.
- Introduce Innovative techniques.
- Increase value addition by changing the Product mix.
- Expansion of its Manufacturing Facility.
- ISO 9001:2015, 14001:2015 & 45001:2018 certified.
- ISO/IEC 17025:2017.
- Approved EIL vendor.
- Wide range of our products.
- Location Advantage.
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.
