Refractory Shapes Ltd is issuing 60 lakh shares worth INR 18.6 cr for expanding manufacturing, repaying debt, equipment purchase and expenses.
Open Date : May 6, 2024 Close Date : May 9, 2024 Allotment Date : May 10, 2024 Listing Date : May 14, 2024
IPO Price: INR 27-31 per share Lot Size: 4000 shares Total Issue Size : INR 18.60cr
1. Refractory Shapes Technologies' financial analysis shows mixed performance. 2. Initial revenue surge followed by a decline. 3. Equity and assets exhibit growth. 4. Concerns include rising debt-equity ratio, declining EPS, RoNW, and current ratio.
Refractory Shapes : Steady revenue & profit margins. SP Refractories : Highest revenue & profit margins. IFGL Refractories : Well positioned with strong performance across all metrics