Refractory Shapes Limited
ListedSMEIndustrial / 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
₹25
+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
Last updated 12 days ago
Live Grey Market Premium
Refractory Shapes Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹25+80.7%
Issue Price (Upper)
₹31
Band: ₹27 – ₹31
Estimated Listing Price
₹56
Upper price + GMP
Lot Size
4000 shares
Min investment ₹1,24,000
Estimated Profit / Lot
₹1,00,000
4000 × ₹25
Refractory Shapes Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹25
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹25 | 80.7% | ₹56 |
| 30 Oct 2026 | +₹25 | 80.7% | ₹56 |
| 29 Oct 2026 | +₹23 | 72.6% | ₹54 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Refractory Shapes Limited Public Issue & Market Profile
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.
Public Issue & Pricing Context:
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.
Basis of Allotment & Listing Timeline:
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.
Frequently Asked Questions
What is Refractory Shapes Limited IPO GMP today?
The latest grey market premium for Refractory Shapes Limited IPO is ₹25, which indicates an expected listing price of ₹56.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.