Refractory Shapes IPO GMP Today, Price Range and Company Details

Refractory Shapes IPO, priced at ₹27 to ₹31 per share with a ₹8 GMP, offers 4000 share lots. Subscription window open from May 6 to May 9, 2024.
Refractory Shapes IPO GMP Today, Price Range and Company Details

As of May 4, 2024, Refractory Shapes IPO  has ₹8 as Grey Market Premium, with a price ₹27 to ₹31 per share. Offering lots of 4000 shares, the subscription window is open from May 6, 2024 to May 9, 2024.

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Refractory Shapes GMP Today

The Grey Market Premium (GMP) for Refractory Shapes is ₹8 as of May 4, 2024. This assessment coincides with a price of ₹27 to ₹31 per share for the IPO.

Refractory Shapes  IPO Review

Refractory Shapes Technologies displays uneven financial results, with revenue initially rising from ₹2,550.32 lakhs in March 2022 to ₹3,796.92 lakhs in March 2023, then dropping to ₹2,942.15 lakhs by December 2023, failing to match the prior year’s total.

Despite increasing equity and assets indicating growth, rising debt-equity ratios and a decline in EPS from ₹1.82 to ₹0.97 highlight growing reliance on debt and reduced profitability. The company’s ability to generate shareholder returns has also diminished, as shown by a drop in RoNW from 19.44% to 15.58%.

Refractory Shapes IPO Date

Refractory Shapes will start accepting subscriptions from May 6, 2024 to May 9, 2024

Refractory Shapes  IPO Price

Refractory Shapes price range is ₹27 to ₹31 per share with a face value of ₹10 each.

Refractory Shapes

Since 1973, Refractory Shapes Limited has been a key supplier to the steel and refinery sectors, and an approved vendor for EIL since 2007. The company creates specialised, durable products for industries like steel, refineries, and petrochemicals, using modern equipment to ensure scalable production and diverse offerings. It procures components like Metallic Anchors from trusted vendors, maintaining flexibility in operations and meeting delivery demands efficiently.

How To Apply For Refractory Shapes IPO?

To apply for the Refractory Shapes IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Refractory Shapes on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Refractory Shapes IPO at Alice Blue in just a few clicks!

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