Refractory Shapes SME IPO Update!
IPO Details:
– Opening Date: 6th May 2024
– Closing Date: 9th May 2024
– Issue Size: ₹18.60 Cr
– Price Band: ₹27.00-31.00 Per Share
– Market Lot: 4000 Shares
– Face Value: ₹10 Per Equity Share
– Listing Date: 14th May 2024 (Tentative)
About Refractory Shapes:
Refractory Shapes Limited specializes in manufacturing various types of bricks, castables, high alumina catalysts, and ceramic spheres for industries such as steel, refineries, fertilizers, petrochemicals, and more. With a rich history since 1973, they have a strong track record and are approved vendors for Engineer India Limited.
Strengths:
– Vast industry experience and track record
– Raw material excellence
– Wide and strong customer base
IPO GMP:
– 07-05-2024: ₹13 (GMP Up)
– Expected Listing Gain: ₹44 (41.94%)
Important Dates:
– Basis of Allotment Date: 10th May 2024
– Refunds Initiation: 13th May 2024
– Credit of Shares to Demat: 13th May 2024
– SME IPO Listing Date: 14th May 2024 (Tentative)
(Disclaimer: Investment in SME IPOs involves market risks.)