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SP Refractories Limited IPO (SP Refractories IPO) Detail

Mar 9, 2022 - Mar 11, 2022

SP Refractories Ltd manufactures and supplies refactory material made using hydrated lime, Calcined Alumina, and other raw materials. Refractory cement is its core focus that is widely used in steel & construction industries because of high thermal conductivity, maximum strength, and heat resistance. The company purchases clinkers from outsiders and thereafter crushes, blend, and pack refractory cement in powder form in its manufacturing facility.

Its manufacturing facility are situated in Hingna, Nagpur. The business has a total clinkers manufacturing capacity of 4000 MT per year and clinkers crushing capacity of 6000 MT per year.

Competitive strengths

  • Experienced promoters and management team with successful track record.
  • Long standing relationship with customers and suppliers.
  • Strong balance sheet and financial track record.
  • Strategically located manufacturing facility in Nagpur.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,232.20 1,057.17 898.33 792.01
Total Revenue 1,447.64 2,572.48 2,099.59 1,855.95
Profit After Tax 80.74 75.35 39.93 20.59

Objects of the Issue

The IPO aims to raise funds for the following purposes;

  • Fund working capital requirements.
  • General corporate purposes.

SP Refractories IPO Details

SP Refractories IPO Date Mar 9, 2022 to Mar 11, 2022
SP Refractories IPO Face Value ₹10 per share
SP Refractories IPO Price ₹90 per share
SP Refractories IPO Lot Size 1600 Shares
Issue Size547,200 shares of ₹10
(aggregating up to ₹4.92 Cr)
Fresh Issue297,600 shares of ₹10
(aggregating up to ₹2.68 Cr)
Offer for Sale249,600 shares of ₹10
(aggregating up to ₹2.25 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50%
NII (HNI) Shares Offered50%
Company Promoters

Namita Prabodh Kale, Shweta Prabodh Kale, and Prajakta Prabodh Kale are the company promoters.

SP Refractories IPO Timeline (Tentative Timetable)

SP Refractories IPO opens on Mar 9, 2022, and closes on Mar 11, 2022. The SP Refractories IPO bid date is from Mar 9, 2022 10.00 A.M. to Mar 11, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
SP Refractories IPO Opening Date Mar 9, 2022
SP Refractories IPO Closing Date Mar 11, 2022
Basis of Allotment Mar 16, 2022
Initiation of Refunds Mar 17, 2022
Credit of Shares to Demat Mar 21, 2022
SP Refractories IPO Listing Date Mar 22, 2022

SP Refractories IPO Lot Size

The SP Refractories IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).

Application Lots Shares Amount
Minimum 1 1600 ₹144,000
Maximum 1 1600 ₹144,000

SP Refractories IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 69.42%

SP Refractories IPO Review

The company is operating in a highly competitive and fragmented segment. The sustainability of super earnings for H1-FY22 raises concern as the price is based on this performance for the IPO year. Tiny paid-up equity post-IPO also indicates longer gestation for migration to the mainboard. Considering all these, there is no harm in ignoring this IPO. Read detail review...


SP Refractories IPO Subscription Status (Bidding Detail)

The SP Refractories IPO is subscribed 7.24 times on Mar 11, 2022 5:00:00 PM. The public issue subscribed 8.85 times in the retail category, times in the QIB category, and 5.64 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII5.64
Retail8.85
Total7.24

SP Refractories IPO Prospectus

SP Refractories IPO Rating

106
3.7
Rating:Rated 3.7 stars
Vote Here ...

SP Refractories IPO Listing Date

Listing Date Tuesday, March 22, 2022
BSE Script Code
NSE Symbol SPRL
Listing In ST Group of Securities
ISIN INE0JW501011
IPO Price ₹90 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹90.00
Open: ₹90.20
Low: ₹88.00
High: ₹91.00
Last Trade: ₹90.10

Company Contact Information

SP Refractories Limited
M-10, M-11/1 & M-11/2, MIDC Industrial Area,
Hingna Road, Nagpur - 440016

Phone: 07104-235388/99
Email: info@sprefractories.com
Website: http://www.sprefractories.com/

SP Refractories IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

SP Refractories IPO Review

SP Refractories IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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IPO Broker Recommendations

SP Refractories IPO FAQs

SP Refractories IPO is a SME IPO of 547,200 equity shares of the face value of ₹10 aggregating up to ₹4.92 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Mar 9, 2022, and closes on Mar 11, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in SP Refractories IPO using UPI as a payment gateway. Zerodha customers can apply in SP Refractories IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in SP Refractories IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'SP Refractories IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The SP Refractories IPO opens on Mar 9, 2022 and closes on Mar 11, 2022.

SP Refractories IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in SP Refractories IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SP Refractories IPO will be done on Mar 16, 2022, and the allotted shares will be credited to your demat account by Mar 21, 2022. Check the SP Refractories IPO allotment status.

The SP Refractories IPO listing date is on Tuesday, March 22, 2022.
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SP Refractories IPO Message Board

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163 Comments

75. PramodNaik |   Link |Mar 22, 2022 10:38:53 PM
Hello Ravi Sir..Are you still holding Sir..Whats next from here..any targets ß stop loss..please suggest..
74. c.dinesh |   Link |Mar 22, 2022 2:10:48 PM
Sold my 3 lots @ 89.75
73. ALOK Ag |   Link |Mar 22, 2022 10:21:29 AM
Exited at 89.95
72. K.Atar |   Link |Mar 22, 2022 9:25:55 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
buying looks good, post listing 2-3 UC can be expected. fingers crossed 🤞
72.1. K.Atar |   Link |Mar 22, 2022 10:10:34 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Buyers vanished., was it a sham.
71. Trueinfo |   Link |Mar 22, 2022 9:55:22 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Listed 90.20. Buyers more than sellers. May go up.
70. IPOANALYSIS |   Link |Mar 22, 2022 9:54:29 AM
My listing price was bang on with flat listing. Dinesh ,where r u waiting for your feedback?
69. KKYYUUO |   Link |Mar 22, 2022 9:51:04 AM
Flat listing :(
68. Amit Jaipur |   Link |Mar 22, 2022 9:46:22 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sold 1lot @ 90.20
67. c.dinesh |   Link |Mar 22, 2022 8:51:27 AM
My Stocks were not yet available in my Holdings in Prostocks , What's the name of this script .
67.2. NKJ |   Link |Mar 22, 2022 9:26:41 AM
@c.dinesh,

in Zerodha name is "SPRL-ST"
67.3. snipperRaj |   Link |Mar 22, 2022 9:33:51 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
SPRL-ST
66. KKYYUUO |   Link |Mar 22, 2022 8:48:04 AM
Any link to view live status
66.1. NKJ |   Link |Mar 22, 2022 9:31:57 AM
https://www1.nseindia.com/live_market/dynaContent/live_analysis/sml/smlOrderBook.jsp?param=SPRLSTG&symbol=SPRL
65. krupa |   Link |Mar 22, 2022 9:20:56 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Zerodha me symbol kya he?
64. lokes |   Link |Mar 22, 2022 12:00:45 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
In my opinion it may list around 94-100....good luck for all allottees....
63. Trueinfo |   Link |Mar 21, 2022 11:41:05 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Will this stock surprise on listing? Financials and growth are looking very impressive. Is it heading for bumper listing and smart gains post listing? Any guess?
63.3. SHAREKHAN BROKER |   Link |Mar 21, 2022 3:31:24 PM
110 POSSIBLE SURE
63.4. Ravu |   Link |Mar 21, 2022 6:29:11 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
100-105
62. Traderjee |   Link |Mar 21, 2022 11:23:30 AM
what is the script code?
62.1. Ravu |   Link |Mar 21, 2022 6:27:01 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
SPRL
61. IPO Mitr |   Link |Mar 19, 2022 3:29:03 PM
@SPOCK

Thanks for sharing your views. Please do not hesitate in sharing your views whatever those are. I also do not have any personal grudge or hate against DJML or any other stock. My point is very simple and straightforward

- This is a public social media forum and open to everyone equally for sharing their opinion and benefits from each others opinion.

- Members are absolutely free to absorb the shared information anyway they wish or completely ignore it and cannot blame others for their financial loss. It is their own shortcoming that they cannot understand or utilize the available information (even with some noise) for their benefit optimally and at the right moment.

- No smaller group of people irrespective how influential or rich they are can BULLY others to safeguard their own personal interest. on a public forum.

- In my view SME stocks are susceptible to unjustified SPECULATION due to lower liquidity of stocks and small no of people with access to large amount of cash can very easily manipulate stock price to serve their own interest but fundamentals of the company and business do impact the stock performance in the longer run. So for flippers at listing, any junk stock can be justified as long as it gives listing gain (PURE SPECULATION) but longer term trust should not be given to any stock which is evenly remotely tainted or un-ethical anyway what so ever.

- If it is ok to say that X stock will rise from issue price of 100 to 500 (most of the time without giving any reason and saying it is his/her personal onion) then it is perfectly ok to say that a stock X will reach 50-70 levels even without any reason. BTW in the case of DJML reasons for fall were solid even Dilip Davda later on mentioned similar reasons in some other SME IPO.

- People should share their views openly and let others share openly. They can use or ignore others views completely at their own will and there cannot be absolutely no reason whatsoever for MOCKING or BULLYING anyone for their views whatsoever they are.

- It should be left to individual members to decide which view is authentic/genuine and which are purely speculative and utilize those for their own benefit as they deem fit.

It is just my opinion with no intention to hurt anyone or argue anyone for their views.
60. IPO Mitr |   Link |Mar 19, 2022 11:19:12 AM
I know Genuine Knowledgeable Investors (not pure speculators) in SME stocks who have exited DJML at higher level and re-entered at much lower levels for short term speculations.

My intention was not to predict levels because in SME nothing is predictable. People who are saying that X stock will reach 500 with issue price of 100 without any basis other than speculation are just SPECULATORS and that is fine with me and I will never mock them. I dont say on hearsay that X stock will go to Y level and while falling it will stop at P level and then at Q Level and then at R level. In my view, Y,P, Q, R do not have any real meaning as these nos are purely speculative numbers without any fundamental basis.

I researched a stock and shared my research with everyone. I share my view on short term trend and it turned true and it rattled so called the Gods of Social Media that they cant just stop mocking others. Whether someone mocks it as Genius or not doesn't matter me at all. I researched something and thought it will be useful for others so I shared. And irrespective of how much these INSECURE persons on social media mock others, I will still be doing the same....sharing my opinion with everyone openly whenever I feel it can be of some use to others.
60.1. Spock 🖖 |   Link |Mar 19, 2022 12:31:21 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
@IPO Mitr, I don't know what about DJML, did not pay attention to this FPO,
but in general, in an IPO or FPO if the investor is not able to make a profit in listing then that particular issue is a failure in terms of listing.
if any issue gives at least 10%+ listing profit then there is real meaning to apply in IPO.
For long-term view also we do apply in IPO but after listing if we are holding that particular stock like any other secondary market stock on our own risk and later this stock perform well then we can't call this a successful IPO if it did not give any listing gain.
Market and stocks work on sentiments (and sentiment always keep changing over time), so if people's targets can go wrong, no one is an expert here, if anyone feels he is an expert then he or she should not even bother about what other post about any particular script.
Above is my view about listing and all must have different views, this is a forum about sharing $ respecting each other's views & not pulling the legs off each other.
59. PramodNaik |   Link |Mar 19, 2022 10:30:48 AM
Thanks MRavichandran Sir..is the listing date on Monday
59.1. MRavichandran |   Link |Mar 19, 2022 10:59:44 AM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@PramodNaik,
Listing is Tuesday as per earlier announcement. Monday listing is possible also as shares are already credited to Demat account.

Thanks
58. MRavichandran |   Link |Mar 18, 2022 11:22:29 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Arca,
off the topic, I remember your quote now in DJML.

Quote
I just wanted to finish with a saying in Tamil, "kutram ulla nenju kurukurukum".
Unquote

and I recall also DJML forum's 'Genius' prediction (''If price doesn't hold 120 levels then it can very well fall to 50-70 levels''), it was a genuine and helped me and others a lot.

Thanks
58.1. PramodNaik |   Link |Mar 19, 2022 10:41:02 AM
What is the listing date Sir
57. IPOANALYSIS |   Link |Mar 17, 2022 2:48:54 PM
Flat listing expected. Nothing great and almost most HNI application got allotment
57.8. IPOANALYSIS |   Link |Mar 22, 2022 9:48:06 AM
Dinesh hope u got best reply in listing day.
57.9. lokes |   Link |Mar 23, 2022 7:29:15 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
ekennis is still performing good and trading around 110 (after initial upper and then lower circuits) much above listing price of 80. So every stock is different. if one performed the way we thought, doesn't matter all will perform same way.
56. IPO Mitr |   Link |Mar 19, 2022 10:16:26 AM
English Lesson:

"If price doesn't hold 120 levels then it can very well fall to 50-70 levels'')"

"Very well" here means ......there is a high probability of reaching 50-70 levels.....not a GUARANTEE on exact 50-70 range. And stock, did touched 91 level. Oh god what a crime I did......it didn't touch 50-70 range. I will definitely ask for penance from GOD for saying anything negative about this stock on Chittorgarh forum.

If this gentlemen says that X stock will reach 500 (without any reasoning in his personal view) and it reaches 450 only then following his own yardstick shouldn't he go to TIRUPATI and donate all his earnings from SME stocks to charity.

What is most amazing here......is how a harmless general message and not even remotely directed towards anyone, can rattle someone with probably thousands of crores networth that he scrambles to safeguard his PERSONAL INTEREST by blatantly starting to mock other opinions again and again using its partners additionally using a language which is only understood by him and his gang of partner.

Remember that anyone with access to large amount of money can manipulate price of stocks with lower liquidity. Most of these SME stocks are rising only because liquidity is controlled by very less no of people. As I am doing.....Enjoy the benefits of this situation but ensure that you are not caught in a situation which badly impacts you, when the tide turns.

BTW, I didn't use TAMIL or LATIN to form a coterie on the public social media forum.