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Refractory Shapes Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Refractory Shapes Ltd IPO

Registered Office: B 201 Rustomjee Central Park,Chakala A.Kurla Road Andheri E , Mumbai - 400069 , Maharashtra , India.
Phone : +91 98199 95930   Fax:
Email :  investors@refshape.com  
Website :  www.refshape.com
Initial public offer of 60,00,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Refractory Shapes Limited ("Refractory Shapes", or "The Company" or "The Issuer") for cash at a price of (Rs)31.00/- per equity share including a share premium of (Rs)21.00/- per equity share (the "Issue Price") aggregating to (Rs)18.60 crores ("The Issue"), of which 3,04,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)31.00/- per equity share including a share premium of (Rs)21.00/- per equity share aggregating to (Rs)0.94 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 56,96,000 equity shares of face value of (Rs)10/- each at a price of (Rs)31.00/- per equity share including a share premium of (Rs)21.00/- per equity share aggregating to (Rs)17.66 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.52 % and 26.13 % respectively of the post issue paid up equity share capital of the company. The face value of equity shares is (Rs)10/- each. The issue price is 3.1 times the face value of the equity.e

Issue Money Payable On
Opens On Closes On Application Allotment
06-May-24 09-May-24 (Rs)31.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 16.37
Shreni Shares Ltd
Project Financed through Current Offer 18.60  
Post Issue Equity Share Capital 21.80  
Issue Price (Rs)31.00  
 
Projects
Funding of capital expenditure towards civil construction required for expansion of existing mfg unit at the existing location situated atPurchase of commercial vehilces
Funding of capital expenditure towards purchase of plant and machinery for expanding existing mfg unit at the existing location situated atGeneral corporate purposes
Repayment/prepayment of all or certain borrowings availed by the company
Promoted By
Dayashankar Krishna Sheety  
Pratibha Dayashankar Sheety  
Prajna Shravan Sheety  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd