
Industrial / Manufacturing · NSE
Founded in 1996, Refractory Shapes Limited is a leading manufacturer of high-quality refractory products, including bricks, castables, high alumina catalysts, and ceramic balls. The company operates two strategically located manufacturing facilities—one in Pimpri Industrial Area, Pune, Maharashtra, covering 34,788 sq. ft, and another in Wankaner, Morbi district, Gujarat, spanning 1,74,246 sq. ft. Additionally, it owns 4 acres of land near the Wankaner unit for future expansion. Committed to excellence, the company specializes in producing pre-cast and pre-fired blocks, burner blocks, shaped bricks, castables, mortars, and more, serving a wide range of industrial needs. With a dedicated team of 38 professionals (as of September 30, 2023), Refractory Shapes Limited ensures top-quality products and outstanding service for its customers.
Price Band
₹27 – ₹31
Issue Size
₹18.60 Cr
Lot Size
4000 shares
GMP
+80.7%
Est. Listing
₹56
at current GMP
Subscribed
247.83x
overall
Open
6 May 2024
Close
9 May 2024
Allotment
10 May 2024
Refund
11 May 2024
Demat Credit
12 May 2024
Listing
14 May 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
10 May 2024
Basis finalization
Refunds Initiate
11 May 2024
Mandate release
Demat Credit
12 May 2024
Shares in demat
Listing Debut
14 May 2024
Trading begins
Refractory Shapes Limited is bringing an initial public offering (IPO) in the Industrial / Manufacturing sector with an aggregate issue size of ₹18.6 Crores. The shares are offered at a price band of ₹27 to ₹31 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-05-09, the basis of allotment is scheduled to be finalized on 2024-05-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.