Refractory Shapes Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Refractory

CMP

200.45

+9.50 (4.98%)

  • DRHP
₹31

Offer Price

₹ 18.60 Cr

Issue Size

₹ 1,24,000

Min Investment

4,000

Lot size

Time Line

  • 06
    May 2024
    Open
  • 09
    May 2024
    Close
  • 10
    May 2024
    Finalisation of Basis of Allotment
  • 13
    May 2024
    Initiation of Refunds
  • 13
    May 2024
    Transfer of Shares to Demat Account
  • 14
    May 2024
    Listing Date

Objects of the Offer

  • Expansion of our Manufacturing Facility.

  • Expansion of its Manufacturing Facility.

  • Target new product & customer segments.

  • Target new product & customer segments.

  • Introduce Innovative techniques.

Products & Services

  • Refractory Shapes Ltd is engaged in the manufacturing of different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls.

Strengths

  • ISO 9001:2015, 14001:2015 & 45001:2018 certified.

  • ISO 9001:2015, 14001:2015 & 45001:2018 certified.

  • ISO/IEC 17025:2017.

  • ISO/IEC 17025:2017.

  • Approved EIL vendor.

Risks

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Company Promoters

Promoters Holding

Issue For IPO
27.52%
Pre Holding

100.00%

Post Holding

72.48%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 25.50 (22.10%) 37.97 (48.90%) 11.49 (-)
Gross Profit 25.50 (22.10%) 37.97 (48.90%) 11.49 (-)
Net Income 25.50 (22.10%) 37.97 (48.90%) 11.49 (-)
Assets 25.50 (22.10%) 37.97 (48.90%) 11.49 (-)
Liabilities 25.50 (22.10%) 37.97 (48.90%) 11.49 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Refractory Shapes Ltd 37.97 1.92 37.17 20.48 11.49 0.00 16,686.40 1.90 0.55
SP Refractories Ltd 27.24 0.62 16.10 16.10 6.88 3.44 49.96 3.82 0.61
IFGL Refractories Ltd 1,386.50 79.21 1,425.93 1,425.93 7.88 21.98 278.87 5.55 0.15

Book Running Managers

  • Shreni Shares Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

B 201 Rustomjee Central Park,
Chakala A.Kurla Road Andheri E,
Mumbai - 400069
Phone : +91 98199 95930 Email : investors@refshape.com www.refshape.com

Offer Related Information

Initial public offer of 60,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Refractory Shapes Limited ("Refractory Shapes", or "The Company" or "The Issuer") for cash at a price of Rs. 31.00/- per equity share including a share premium of Rs. 21.00/- per equity share (the "Issue Price") aggregating to Rs. 18.60 crores ("The Issue"), of which 3,04,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 31.00/- per equity share including a share... More

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