What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Refractory Shapes Limited IPO?

Refractory Shapes Limited IPO has received a total subscription of 247.83 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

$Refractory Shapes Limited official company logo$

Refractory Shapes Limited

ListedSME

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

₹25

+80.7%

Est. Listing

₹56

at current GMP

Subscribed

247.83x

overall

Open

6 May 2024

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

247.83x

Total Demand

QIB Multiplier

90.59x

Institutions & Funds

NII / HNI

462.93x

High Net-Worth

Retail (RII)

245.71x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 247.83x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,144,000	103,640,000	90.59x
NIB	856,000	396,272,000	462.93x
RETAIL	1,996,000	490,432,000	245.71x
Total	3,996,000	990,344,000	247.83x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 253.30x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	525	128,998	245.71x
HNIs (10L +)	3	1,389	462.93x
HNIs (2-10L)	16	7,407	462.93x
Total Applications	544	137,794	253.30x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Refractory Shapes Limited IPO is ₹25 per equity share. Based on the upper price band of ₹27 to ₹31 per equity share, the estimated listing price is ₹56 (+80.7% expected listing gain).

What is the expected profit per lot for Refractory Shapes Limited IPO?

With a lot size of 4000 shares and current GMP of ₹25, the expected profit per application lot is approx ₹1,00,000 (+80.7% gain). Minimum application cost is approx ₹1,24,000.

What is the issue size and price band for Refractory Shapes Limited IPO?

The Refractory Shapes Limited IPO aggregate issue size is ₹18.6 Crores with an equity price band set at ₹27 to ₹31 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,24,000.

How can I check Refractory Shapes Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 247.83x (Retail: 245.71x, QIB: 90.59x, NII: 462.93x). You can track live multiples directly on our dedicated subscription page.

Where and when will Refractory Shapes Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-05-10. Investors can verify status using PAN card or application number.

When is the listing date for Refractory Shapes Limited IPO?

Refractory Shapes Limited shares are scheduled to list on NSE on 2024-05-14.