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15 Days Price Change

Refractory Shapes IPO

Closing In

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Profile
Issue Size --
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Price Range 27  to  31 per share
Profile
Min Investment ₹31
Profile
Lot Size 1
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Face Value ₹10
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Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Refractory Shapes Ltd specializes in manufacturing high-quality refractory products tailored for diverse industrial applications. With a focus on precision engineering, they produce custom-designed refractory shapes, including bricks, tiles, and specialty components, to withstand extreme temperatures and corrosive environments. Their products cater to sectors like steel, cement, glass, and petrochemical industries, ensuring optimal performance and durability in harsh operating conditions. Leveraging advanced manufacturing techniques and stringent quality control measures, Refractory Shapes Ltd delivers reliable solutions for lining furnaces, kilns, and reactors, enhancing operational efficiency and prolonging equipment lifespan. Committed to innovation and customer satisfaction, they offer comprehensive technical support and consultancy services, establishing themselves as a trusted partner in the global refractories market. Read More

Basic Info

Face Value 10 per share

Price 27  to  31 per share

P/E (x) 10.7

Sales( Cr.) 59

PAT( Cr.) 6

EPS 2.9

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Dayashankar Krishna Shetty Ms. Pratibha Dayashankar Shetty Ms. Prajna Shravan Shetty

Pre Issue Share Holding 100%

Post Issue Share Holding 37.89%

Listing Details:

Listing Price: 75

Listing Gain: 58.67%

Current Price: 32

Gain On Issue: 32 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 06, 2024
Closing Date May 09, 2024
Allotment May 10, 2024
Refund May 13, 2024
Delivery of Shares May 13, 2024
Listing Date May 14, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 4000 124,000
Retail (Max) 1 4000 124,000
S-HNI (Min) 2 8000 248,000
S-HNI (Max) 8 32000 992,000
B-HNI (Min) 9 36000 1,116,000

Objective of the Issue

1. Funding of Capital expenditure towards civil construction required for Expanding and setting up a new manufacturing unit at the existing location situated at Wankaner, Gujarat 2. Funding of Capital expenditure towards the purchase of Plant and machinery for Expanding and setting up a new manufacturing unit at the existing location situated at Wankaner, Gujarat 3. Purchase of commercial vehicle 4. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 3000000 271770000 90.6x
NII 900000 417987000 464.4x
Retail 2100000 545076000 259.6x
EMP 0 0 0x
Total 6000000 1530480000 255.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Refractory Shapes Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 38 41 59
Other Income 1 2 1
Total Income 39 43 60
Total Expenditure 34 34 48
Operating Profit 5 9 11
Interest 1 2 1
Depreciation 1 2 2
Exceptional Income / Expenses 0 0 0
Profit Before Tax 3 5 8
Provision for Tax 1 1 2
Profit After Tax 2 4 6
Adjustments 0 0 0
Profit After Adjustments 2 4 6
Adjusted Earnings Per Share 1.2 2.6 2.9

Refractory Shapes Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 17 21 46
Minority's Interest 0 0 0
Borrowings 12 12 10
Other Non-Current Liabilities 0 0 -0
Total Current Liabilities 21 19 14
Total Liabilities 49 52 70
Fixed Assets 19 19 20
Other Non-Current Assets 7 7 13
Total Current Assets 24 26 36
Total Assets 49 52 70

Refractory Shapes Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 4 3
Cash Flow from Operating Activities 4 -3 1
Cash Flow from Investing Activities -7 -2 -10
Cash Flow from Financing Activities 1 3 10
Net Cash Inflow / Outflow -2 -1 1
Closing Cash & Cash Equivalent 4 3 4

Refractory Shapes Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.21 2.63 2.87
CEPS(Rs) 1.88 3.77 3.9
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 10.56 13.19 20.96
Core EBITDA Margin(%) 10.21 15.71 17.53
EBIT Margin(%) 9.68 17.03 15.13
Pre Tax Margin(%) 6.83 13.17 13.73
PAT Margin (%) 5.05 9.93 10.29
Cash Profit Margin (%) 7.84 14.71 14.48
ROA(%) 3.9 7.98 9.95
ROE(%) 11.49 21.45 18.18
ROCE(%) 9.93 16.97 16.6
Receivable days 73.72 65.8 60.99
Inventory Days 82.28 100.79 94.99
Payable days 234.95 186.32 81.29
PER(x) 0 0 22.74
Price/Book(x) 0 0 3.11
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.42 0.89 2.64
EV/Core EBITDA(x) 3.37 4.08 13.68
Net Sales Growth(%) 0 6.8 44.93
EBIT Growth(%) 0 87.87 28.76
PAT Growth(%) 0 109.87 50.3
EPS Growth(%) 0 116.9 9.01
Debt/Equity(x) 1.22 1.13 0.37
Current Ratio(x) 1.13 1.34 2.63
Quick Ratio(x) 0.72 0.63 1.41
Interest Cover(x) 3.39 4.42 10.82
Total Debt/Mcap(x) 0 0 0.12

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 44% 0% 0% 0%
Operating Profit CAGR 22% 0% 0% 0%
PAT CAGR 50% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -51% NA% NA% NA%
ROE Average 18% 17% 17% 17%
ROCE Average 17% 15% 15% 15%

Company Contact Information

Refractory Shapes Ltd.

B 201, Rustomjee Central Park Chakala Andheri- Kurla Road Andheri (East)

IPO Lead Manager(s)

Refractory Shapes Ltd.

Shreni Shares Limited

Registrar Info

Refractory Shapes Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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