SP Refractories IPO Details

SP Refractories IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

About SP Refractories

SP Refractories Limited is engaged in manufacturing and supplying Refractory Material made using hydrated lime, Calcined Alumina and other raw materials. The core focus is on refractory cement which is a niche and high margin cement widely used in iron & steel and construction industries because of its thermal conductivity, Maximum strength and Heat resistance.

The company began its operations in the year 2007 with manufacturing of refractory cement and castables. Before incorporation of the company, Late Sri. Prabodh Kale, was running the established business of refractory cement in a partnership firm named Shanark Industries based out of Nagpur. Post his demise, his wife; Namita Kale took the business activities forward under SP Refractories Limited as the promoter along with her daughters Shweta Kale and Prajakta Kale.

Important Details – SP Refractories

DateDetails
January 18, 2007The company was incorporated as SP Refractories Private Limited
October 11, 2021The status of the company was changed to public limited and the name of the Company was changed to SP Refractories Limited

Objects of the Issue

  • Funding Working Capital Requirement
  • General Corporate Purpose

SP Refractories Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,057.17 898.33 792.01
Total income 2,572.48 2,099.59 1,855.95
Total Expenses 2,467.94 2,044.36 1,827.82
Profit After Tax 75.35 39.93 20.59

SP Refractories IPO Price – Details

DescriptionSPRL IPO Details
Public IssueInitial Public Issue of upto 5,47,200 Equity Shares aggregating up to ₹ 492.48 Lakhs
Issue Open  Date09-Mar-22
Issue Close Date11-Mar-22
Issue TypeFixed Price
IPO Price Band₹ 90
Face Value ₹ 10
Market Lot 1600 Equity Shares and in multiples thereof
Minimum Order Quantity 1600 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolSPRL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

SPRL IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum11600₹ 1,44,000
Maximum11600₹ 1,44,000

SPRL IPO Lead Managers

  • Aryaman Financial Services Limited

SP Refractories IPO Registrar

SP Refractories IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on09-Mar-22
Bid / Offer Closes on11-Mar-22
Finalisation of Basis of Allotment16-Mar-22
Initiation of refunds 17-Mar-22
Credit of the Equity Shares21-Mar-22
Listing Date22-Mar-22

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
PE RatioNAV, as on March 31, 2021
(₹ per share)
SP Refractories Limited105.4116.6336.02
Morganite Crucible (India) Ltd5182.92
Rhi Magnesita India Ltd18.4443.4566.71
IFGL Refractories Limited1012.4425.29155.14
Rassi Refractories Limited100.751853.15

Company Registered Office

M-10, M-11/1 & M-11/2,
MIDC Industrial Area,
Hingna Road,
Nagpur- 440016.
Website: www.sprefractories.com

Company Promoters

  • Namita Prabodh Kale,
  • Shweta Prabodh Kale
  • Prajakta Prabodh Kale

SP Refractories IPO – FAQS

What is the SPRL IPO Price?

The SPRL IPO price band is 90 per share

When SP Refractories IPO will open?

The SPRL IPO opens on Mar 09, 2022 and closes on Mar 11, 2022

What is the lot size of SP Refractories IPO?

The SP Refractories IPO lot size is 1600 Equity Shares and the minimum order quantity is 1600 Equity Shares

Who is the Registrar for SP Refractories IPO?

Who is the Registrar for SP Refractories IPO?

How to apply in SP Refractories IPO through UPI?

Check the step by step process here – Click here

How to apply in SP Refractories IPO through Zerodha?

Check the step by step process here – Click here

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