Refractory IPO

Refractory Shapes Ltd

₹1,08,000 /4000 sharesMinimum Investment

Refractory IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
6 May ‘24 - 9 May ‘24₹1,08,0004,000₹27 - ₹31
Issue SizeIPO Doc
18.60Cr
RHP PDF

About Refractory

Refractory Shapes Limited is a manufacturer of different types of Bricks, Castables, High Alumina Catalyst and Ceramic Balls which includes Pre Cast & Pre Fired Blocks (“PCPF”), Burner Blocks, Special shaped Refractory bricks, Dense & Insulating Castables & Mortars. The company’s products are used in a diverse range of industries, including steel, refineries, fertilizers, petrochemicals, glass, cement etc. The company operates fully equipped manufacturing plants in Pune, and Gujarat. The Pune plant occupies 34,788 square feet, while the Gujarat plant spans 1,74,246 square feet, with an additional unit to support EIL's greenfield projects. ;
Founded in
1996
Managing director
Ms. Prajna Shravan Shetty
Parent organisation
Refractory Shapes Ltd

Strengths & Financials of Refractory

Strengths
Risks
In 2007 and 2011, the company became an approved vendor with Engineers India Limited ("EIL") and was also listed by EIL for "High Alumina Refractory Bricks." This positioned the company as an Original Equipment Manufacturer (OEM) in several projects executed by EIL. The certificate is valid only for 2-3 years after which, a revalidation process is conducted.
The company caters to clientele across 17 states and 2 UTs in India.
The company holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications.
The company reported revenue from operations of Rs. 20.89 cr, Rs. 25.50 cr and Rs. 37.97 cr in FY 2021, 2022 and 2023 respectively. In the same time periods, it reported Profit after tax of Rs. 1.56 cr, Rs. 2.87 cr and Rs. 1.92 cr respectively.

Refractory Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Refractory IPO

Apply asPrice bandApply upto
Regular27 - 31₹2 Lakh
High Networth Individual27 - 31₹2 - 5 Lakh
For Refractory IPO, eligible investors can apply as Regular.
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