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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
The IPO aims to raise funds for the following purposes;
IPO Date | Mar 9, 2022 to Mar 11, 2022 |
Listing Date | Mar 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 |
NII (HNI) Shares Offered | 259,200 (50%) |
Retail Shares Offered | 259,200 (50%) |
Market Maker portion | 28,800 shares |
Total Shares Offered | 518,400 |
SP Refractories IPO opens on Mar 9, 2022, and closes on Mar 11, 2022.
Event | Tentative Date |
---|---|
Opening Date | Mar 9, 2022 |
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 |
Listing Date | Mar 22, 2022 |
UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The SP Refractories IPO lot size is 1600 shares.
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.
Pre Issue Share Holding | 100% |
Post Issue Share Holding | 69.42% |
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 |
[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 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)
Category | Subscription (times) |
---|---|
Other | 5.64 |
Retail | 8.85 |
Total | 7.24 |
Listing Date | Mar 22, 2022 |
BSE Script Code | |
NSE Symbol | SPRL |
ISIN | INE0JW501011 |
IPO Price | ₹90 per share |
Price Details |
---|
IPO 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://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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, Nuvama, 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.
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