Initial public offer of 60,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Refractory Shapes Limited ("Refractory Shapes", or "The Company" or "The Issuer") for cash at a price of Rs. 31.00/- per equity share including a share premium of Rs. 21.00/- per equity share (the "Issue Price") aggregating to Rs. 18.60 crores ("The Issue"), of which 3,04,000 equity shares of face value of Rs. 10/- each for cash at a price of
Rs. 31.00/- per equity share including a share premium of Rs. 21.00/- per equity share aggregating to Rs. 0.94 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 56,96,000 equity shares of face value of Rs. 10/- each at a price of Rs. 31.00/- per equity share including a share premium of Rs. 21.00/- per equity share aggregating to Rs. 17.66 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.52 % and 26.13 % respectively of the post issue paid up equity share capital of the company.
The face value of equity shares is Rs. 10/- each. The issue price is 3.1 times the face value of the equity.e
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
06-May-2024
09-May-2024
₹ 31.00
₹ 0.00
Minimum Application for shares in Nos : 4000.0
Further Multiples of : 4000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
16.37
Shreni Shares Ltd
Project Financed through Current Offer
18.60
Post Issue Equity Share Capital
21.80
Issue Price
₹31.00
Projects
Funding of capital expenditure towards civil construction required for expansion of existing mfg unit at the existing location situated at
Funding of capital expenditure towards purchase of plant and machinery for expanding existing mfg unit at the existing location situated at
Repayment/prepayment of all or certain borrowings availed by the company