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|
|Listing On||NSE Emerge|
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|
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.
- 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.
|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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
- Aryaman Financial Services limited (Past IPO Performance)
Lead Manager Reports
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