Refractory Shapes Ltd. Limited IPO GMP

Refractory Shapes Ltd. (RSL) specializes in manufacturing various types of refractory products like bricks, burner blocks, and specialized shapes used across industries such as steel, refineries, and petrochemicals. Refractory Shapes Ltd. is coming up with an IPO to raise funds from the public.

Refractory Shapes IPO is based on the Book Built Issue. The Issue Size of the IPO is ₹18.60 Crores comprising of entirely fresh issue of 60,00,000 equity shares. Refractory Shapes IPO opens on 06th May 2024 and closes on 09th May 2024 for the subscription. 

Refractory Shapes IPO allotment is expected to be finalized on 10th May 2024. Refractory Shapes IPO will be listed on NSE SME for Commencement of trading of the Equity Shares on the Stock Exchange on or before Tuesday, May 14, 2024.

Refractory Shapes IPO issue price band is ₹ 27 to ₹ 31 Per Equity Share. The minimum lot size for an application is 4000 equity shares and the minimum amount of investment required to subscribe to Refractory Shapes IPO under the Retail Category ₹ 1,24,000. The minimum lot size for an application is 8000 equity shares and the minimum amount of investment required to subscribe to Refractory Shapes IPO under the HNI Category ₹ 2,48,000 respectively.

The book-running lead manager of the Refractory Shapes IPO is Shreni Shares Limited and the registrar is Bigshare Services Private Limited for the issue. The market maker for Refractory Shapes IPO is Shreni Shares.

Refer to Refractory Shapes RHP for more details about the company and the IPO.

The Company was established in the year 1973 as a Proprietary Firm named as M/s. Refractory Shapes which was then converted into a Private Limited Company vide Certificate of Incorporation dated January 08, 1996, whose main object was to take over the running Business of M/s. Refractory Shapes, further the Business was then taken over by Mr. Dayashankar Krishna Shetty and Ms. Pratibha Dayashankar Shetty vide a Deed of Assignment dated June 19, 1996.