SP refractories IPO: GMP, Price, Dates, Issue Size

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SP refractories IPO manufactures and supplies refectory material made using hydrated lime, Calcined Alumina, and other raw materials 

IPO – overview

IPO Dates  9-11 March 2022 
IPO Price  INR 90 per share  
Fresh issue  297,600 shares (INR 2.68 crore) 
Offer For Sale  249,600 shares (INR 2.25 crore) 
Total IPO size  547,200 shares (INR 4.92 crore) 
Minimum bid (lot size)  3000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
Ducol Organics IPO: GMP, Price, Dates, Issue size

SP refractories IPO – Tentative Dates           

IPO Offer Opening Date  10 March 2022 
IPO Closing Date  15 March 2022 
Finalization of Basis of Allotment  21 March 2022 
Initiation of refunds  22 March 2022 
Transfer of shares to demat accounts  23 March 2022 
IPO Listing Date  24 March 2022 
Opening Price on NSE SME  Coming soon  
Closing Price on NSE SME  Coming soon 
Ducol Organics IPO: GMP, Price, Dates, Issue size

Company Overview    

SP Refractories IP manufactures and supplies refectory material made using hydrated lime, Calcined Alumina, and other raw materials. Refractory cement is its core focus and is widely used in steel & construction industries because of high thermal conductivity, maximum strength, and heat resistance.

The company purchases clinkers from outsiders and thereafter crushes, blends, and pack refractory cement in powder form in its manufacturing facility. 

Its manufacturing facility is situated in Hingna, Nagpur. The business has a total clinkers manufacturing capacity of 4000 MT per year and clinkers crushing capacity of 6000 MT per year. 
 

Strengths: 

  • Experienced promoters and management team with successful track record. 
  • Long-standing relationship with customers and suppliers. 
  • Strong balance sheet and financial track record. 
  • Strategically located manufacturing facility in Nagpur. 

Objectives of the issue         

  • Fund working capital requirements. 
  • Meet general corporate purposes. 

Company Financials     

Particulars          31-Mar-21 31-Mar-20 31-Mar-19 
Total Assets          1,232.20 1,057.17 898.33 
Total Revenue          2,572.48 2,099.59 1,855.95 
Profit After Tax          75.35 39.93 20.59 

Company Contact Information 

SP Refractories Limited 
M-10, M-11/1 & M-11/2, MIDC Industrial Area, 
Hingna Road, Nagpur – 440016 
 
Phone: 07104-235388/99 
Email: info@sprefractories.com 
Website: http://www.sprefractories.com/ 

Registrar 

Bigshare Services Pvt Ltd 
 
Phone: +91-22-6263 8200 
Email: ipo@bigshareonline.com 
Website: https://www.bigshareonline.com/ 

Lead Manager(s) 

  1. Aryaman Financial Services limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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