SP Refractories manufactures and supplies refractory material made using hydrated lime, Calcined Alumina, and other raw materials. Refractory cement is its core focus.
| Bidding Dates |
|---|
| 09 Mar 2022 - 11 Mar 2022 |
| Subscription |
|---|
| 7.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 1600 | 547.2 K | ₹90 | 69.42 % | ₹49.2 M | RHP DOC |
SP Refractories IPO SUBSCRIPTION STATUS
11 Mar '22SP Refractories IPO overall subscription rate was 7.24 times the total available shares
SP Refractories IPO retail subscription rate was 8.85 times in the retail segment
SP Refractories IPO non-institutional investor subscription rate was 5.64 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
09 Mar 2022 (Day 1) | 0.69x | 0.22x | - |
10 Mar 2022 (Day 2) | 2.52x | 1.64x | - |
11 Mar 2022 (Day 3) | 8.85x | 5.64x | - |
SP Refractories FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY21 | 8.1 | 144.7 | 2.2 | 2.2 |
| FY21 | 7.5 | 257.0 | 3.5 | 2.1 |
| FY20 | 4.0 | 209.7 | 7.9 | 6.3 |
| FY19 | 2.1 | 185.3 | 8.4 | 6.5 |
SP Refractories IPO SUBSCRIPTION STATUS DETAILS
SP Refractories had 547.2 K shares on offer
SP Refractories IPO offer price was ₹90
SP Refractories IPO minimum Investment was ₹144000
SP Refractories IPO issue size was ₹ 49.2 M
SP Refractories had a minimum lot size of 1600 Shares per application
SP Refractories NUMBER OF SHARES ON OFFER
SP Refractories IPO IMPORTANT DATES
| Issue Open Date | 09 Mar 2022 |
| Issue close Date | 11 Mar 2022 |
| Allotment Date | 16 Mar 2022 |
| Refund Date | 17 Mar 2022 |
| Demat Account Credit Date | 21 Mar 2022 |
| Listing Date | 22 Mar 2022 |
| Listing on Exchange(s) | NSE |
| SP Refractories Allotment Status | Exchange |
SP Refractories IPO subscription opened on 09 Mar 2022, and closed on 11 Mar 2022
IPO allotment for SP Refractories was finalized on Wednesday, 16 Mar 2022
IPO listing for SP Refractories was on NSE on Tuesday, 22 Mar 2022
SP Refractories IPO LISTING GAINS
| Issue Price (adjusted) | 90.0 |
| Listing Open Price | 90.2 |
| Listing Close Price | 90.1 |
| Listing Gain% | 0.2% |
| Current Gain% | 13.3% |
SP Refractories Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SP Refractories Ltd. | 102 | 18.2 | 5.2 | 0.1 | 0.6 | 21.9 | 18.8 | 28.2 | -6.9 | 3.5 | 68.8 | 19.7 | 68.8 |
| Esab India Ltd. | 5889 | 9064.9 | 43.9 | 2.5 | 6 | 48.1 | 29.6 | 1514.2 | 9.6 | 206.7 | 17.8 | 134.3 | 17.8 |
| Shivalik Bimetal Controls Ltd. | 1034 | 5956.3 | 56.1 | 1.9 | 9.7 | 19.9 | 15.1 | 583.1 | 11.9 | 95.9 | 24.4 | 18.4 | 29.3 |
| Ador Welding Ltd. | 1493 | 2598.2 | 22.9 | 0.1 | 2.2 | 14.8 | 9.8 | 1158.2 | 1.5 | 82 | 36.5 | 65.2 | 213.2 |
| Diffusion Engineers Ltd. | 410 | 1534.5 | 30.5 | 0.8 | 3.8 | 12.4 | 9.8 | 421.6 | 22.4 | 50.3 | 40.1 | 13.4 | 40.1 |
| Gala Precision Engineering Ltd. | 1027 | 1316.2 | 35.4 | 1 | 4 | 12.1 | 9.5 | 319.9 | 32.1 | 35.5 | 32.2 | 29 | 37.2 |
SP Refractories INFORMATION ON IPO ISSUE
About SP Refractories
SP Refractories manufactures and supplies refractory material made using hydrated lime, Calcined Alumina, and other raw materials. Refractory cement is its core focus.
Object of the Issue
- Fund working capital requirements
- General corporate purposes
SP Refractories - PROMOTERS
| Name |
|---|
| Namita Prabodh Kale |
| Shweta Prabodh Kale |
| Prajakta Prabodh Kale |
SP Refractories Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
SP Refractories Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
SP Refractories Strengths
Experienced Promoters and management team
The company has experienced Promoters and a management team with strong industry expertise and a successful track record
Long Standing Relationship with key Customers & Suppliers:
The long-standing relationships are the result of our commitment to quality, timely delivery, promptness in payments and adaptability, etc.
SP Refractories Risks
Dependent on third party service providers
The company is dependent on third-party service providers for a certain portion of the manufacturing process
Business is working capital intensive
If the company is unable to generate sufficient cash flows there may be an adverse effect on the results of operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2.2 crore, of 249,600 shares. It also consists of a fresh issue of Rs 2.7 crore.
The promoters of the company are Namita Prabodh Kale, Shweta Prabodh Kale and Prajakta Prabodh Kale.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 90.0 - 90.0.
The IPO application opens on Mar 09, 2022 and closes on Mar 11, 2022.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Mar 16, 2022.
The refund will be credited to your account on Mar 17, 2022.
The allotted shares will be credited to your demat on Mar 21, 2022.
SP Refractories Ltd.’s shares listed on the stock exchanges on Mar 22, 2022.