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SP Refractories IPO is a fixed price issue of Rs 4.92 crores. The issue is a combination of fresh issue of 2.98 lakh shares aggregating to Rs 2.68 crores and offer for sale of 2.5 lakh shares aggregating to Rs 2.25 crores.
SP Refractories IPO bidding started from March 9, 2022 and ended on March 11, 2022. The allotment for SP Refractories IPO was finalized on Wednesday, March 16, 2022. The shares got listed on NSE SME on March 22, 2022.
SP Refractories IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Aryaman Financial Services Limited is the book running lead manager of the SP Refractories IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to SP Refractories IPO RHP for detailed information.
IPO Date | March 9, 2022 to March 11, 2022 |
Listing Date | March 22, 2022 |
Face Value | ₹10 per share |
Price | ₹90 per share |
Lot Size | 1600 Shares |
Total Issue Size | 547,200 shares (aggregating up to ₹4.92 Cr) |
Fresh Issue | 297,600 shares (aggregating up to ₹2.68 Cr) |
Offer for Sale | 249,600 shares of ₹10 (aggregating up to ₹2.25 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 1,491,900 |
Share holding post issue | 1,789,500 |
Market Maker portion | 28,800 shares |
SP Refractories IPO offers 547,200 shares. 259,200 (47.37%) to NII, 259,200 (47.37%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 28,800 (5.26%) |
Other Shares Offered | 259,200 (47.37%) |
Retail Shares Offered | 259,200 (47.37%) |
Total Shares Offered | 547,200 (100%) |
SP Refractories IPO opens on March 9, 2022, and closes on March 11, 2022.
IPO Open Date | Wednesday, March 9, 2022 |
IPO Close Date | Friday, March 11, 2022 |
Basis of Allotment | Wednesday, March 16, 2022 |
Initiation of Refunds | Thursday, March 17, 2022 |
Credit of Shares to Demat | Monday, March 21, 2022 |
Listing Date | Tuesday, March 22, 2022 |
Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2022 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹144,000 |
Retail (Max) | 1 | 1600 | ₹144,000 |
Lot Size Calculator |
Namita Prabodh Kale, Shweta Prabodh Kale, and Prajakta Prabodh Kale are the company promoters.
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 69.42% |
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
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 |
The market capitalization of SP Refractories IPO is Rs 16.11 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 9.94 |
The IPO aims to raise funds for the following purposes;
[Dilip Davda] 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...
The SP Refractories IPO is subscribed 7.24 times on March 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)
Category | Subscription (times) |
---|---|
Other | 5.64 |
Retail | 8.85 |
Total | 7.24 |
Listing Date | March 22, 2022 |
BSE Script Code | |
NSE Symbol | SPRL |
ISIN | INE0JW501011 |
Final Issue Price | ₹90 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹90.00 |
₹90.20 |
₹88.00 |
₹91.00 |
₹90.10 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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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 March 9, 2022, and closes on March 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
Visit Zerodha IPO Application Process Review for more detail.
The SP Refractories IPO opens on March 9, 2022 and closes on March 11, 2022.
SP Refractories IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SP Refractories IPO will be done on Wednesday, March 16, 2022, and the allotted shares will be credited to your demat account by Monday, March 21, 2022. Check the SP Refractories IPO allotment status.
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