Refractory Shapes Ltd IPO

Refractory Shapes Ltd is issuing 60 lakh shares worth INR 18.6 cr for expanding manufacturing, repaying debt, equipment purchase and expenses.

Important Details

Open Date : May 6, 2024 Close Date : May 9, 2024 Allotment Date : May 10, 2024 Listing Date : May 14, 2024

Important Details

IPO Price: INR 27-31 per share Lot Size: 4000 shares Total Issue Size : INR 18.60cr

Fundamental Analysis

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.

Peer Comparison

Refractory Shapes Steady revenue & profit margins. SP Refractories Highest revenue & profit margins. IFGL Refractories Well positioned with strong performance across all metrics


Refractory Shapes Limited  main objectives:   1. Fund capital expenditure.   2. Repay borrowings.   3. Purchase commercial      vehicles.

Risks And Challenges

• Legal issues could disrupt business. • Missing EIL recognition might hurt brand. • Volatile raw material costs threaten profits.