Refractory Shapes IPO Gains Solid Interest with 4.35x Subscription on First Day!

Refractory Shapes Limited IPO attracted moderate interest, subscribed 4.35 times on Day 1, indicating cautious investor optimism about the company's market potential and growth prospects.
Refractory Shapes IPO Gains Solid Interest with 4.35x Subscription on First Day!

Refractory Shapes Limited IPO saw a modest start, with the issue being subscribed 4.35 times on Day 1. This level of subscription indicates a cautious yet positive initial interest from investors, reflecting moderate confidence in the company’s market prospects and future growth.

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How To Check Refractory Shapes Limited IPO Subscription Status? 

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Refractory Shapes Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Refractory Shapes Limited IPO Allotment Status

The allotment date for the Refractory Shapes Limited IPO is set for May 10, 2024, with shares priced at a range of ₹27 to ₹31 per share and a face value of ₹10. The offering consists of lots of 4000 shares, with bids accepted for these lots or their multiples.

Refractory Shapes Limited IPO Listing Date 

Refractory Shapes Limited IPO is expected to be listed on the NSE SME on May 14, 2024.

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