31 Mar 2021
Assets27.24
Total Income21.80
Profit After Tax1.56
NET Worth11.90
Reserves and Surplus11.80
Total Borrowing12.34
At a glance
Updated 2026-08-24The shares listed at ₹75.00, a 141.94% move from the issue price. Refractory Shapes is a SME IPO with an issue size of ₹18.60 crore, proposed for listing on NSE SME. The offer opens on 6th May 2024 and closes on 9th May 2024. The issue structure includes a fresh issue of ₹17.66 crore. The current listing schedule points to 14th May 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹18.60 Cr
Fresh issue₹17.66 Cr
Face value₹10
Price band₹27.00–₹31.00
Allotment10th May 2024
Listing14th May 2024
Listing performance
Full performance ↗Issue price₹31.00
Listing price₹75.00
Current price—
Listing gain141.94%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹25.00
GMP / upper price80.65%
Est. listing₹56.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens6th May 2024
Closes9th May 2024
Allotment10th May 2024
Refund13th May 2024
Demat13th May 2024
Listing14th May 2024
Subscription demand
Full bidding ↗Total255.08×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 4000 | ₹124,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of Capital expenditure towards civil construction required for Expansion of existing manufacturing unit at the existing location situated at Wankaner, Gujarat; | ₹4.30 Cr |
| Funding of Capital expenditure towards purchase of Plant and Machineries for Expanding existing manufacturing unit at the existing location situated at Wankaner, Gujarat; | ₹2.51 Cr |
| Repayment/prepayment of all or certain of our borrowings availed of by our Company | ₹7.00 Cr |
| Purchase of Commercial Vehicle | ₹0.11 Cr |
| General Corporate Purpose | ₹2.46 Cr |
Financials
Full financials ↗31 Mar 2022
Assets36.85
Total Income26.22
Profit After Tax2.87
NET Worth14.77
Reserves and Surplus14.67
Total Borrowing15.70
31 Mar 2023
Assets50.04
Total Income38.72
Profit After Tax1.92
NET Worth16.69
Reserves and Surplus16.59
Total Borrowing20.49
31 Dec 2023
Assets52.90
Total Income29.99
Profit After Tax3.08
NET Worth3.97
Reserves and Surplus3.97
Total Borrowing23.42
Trend chart₹ crore
KPIs
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 15.58% |
| ROCE | 9.79% |
| Debt / Equity | 1.18% |
| RoNW | 15.58% |
| PAT Margin | 10.47% |
| Price to Book Value | 4.95 |
Valuation & shareholding
Pre-IPO EPS1.21
Post-IPO EPS1.88
Pre-IPO P/E25.55
Post-IPO P/E16.46
Promoter holding pre100%
Promoter holding post72.48%
Market cap₹67.58 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees including underwriting commission | ₹1.41 Cr |
| Brokerage, selling, commission and upload fees | ₹0.01 Cr |
| Registrar to the issue | ₹0.02 Cr |
| Legal Advisors | ₹0.01 Cr |
| Advertising and Marketing expenses | ₹0.03 Cr |
| Regulators including stock exchanges | ₹0.04 Cr |
| Printing and distribution of issue stationery | ₹0.01 Cr |
| Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | ₹0.71 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Shreni Shares Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.