Refractory Shapes Limited IPO Closed

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IPO date 06th – 09th May 2024
Listing date 14 May 2024
Type SME
Price range 27 – 31
Minimum order quantity 4000
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Refractory Shapes Limited is launching its IPO. The offer opens for subscription on May 06, 2024, and will close on May 09, 2024.

Disclaimer: This stock will trade with a lot size of 4000 shares in the SME segment on listing.

What does Refractory Shapes Limited do?

Refractory Shapes Limited, established in 1973 as M/s. Refractory Shapes, is a manufacturer of various refractory products such as bricks, castables, high alumina catalysts, and ceramic balls. Originally a proprietary firm, it was converted into a private limited company in 1996.

The company specializes in special-shaped and custom-made refractory shapes, with additional involvement in trading related products like metallic anchors. Operating from Pune, Maharashtra, and Wankaner, Gujarat, Refractory Shapes has modern manufacturing facilities and testing laboratories.

They focus on supplying diverse industries including steel, refineries, petrochemicals, and cement, offering products engineered to withstand high temperatures and harsh conditions. With a PAN India presence and a dedicated sales team, they ensure customer satisfaction through quality products and efficient service.

Schedule/Timeline of Refractory Shapes Limited IPO

Issue Period 6th May to 9th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 10, 2024
Initiation of Refunds May 13, 2024
Credit of Shares May 13, 2024
Date of Listing May 14, 2024
Mandate end date May 24, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 09, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 08, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Refractory Shapes Limited IPO?

You can apply for the Refractory Shapes Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Refractory Shapes Limited IPO?

You can check the allotment status for the Refractory Shapes Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.