SP Refractories Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

09 Mar 2022

Close Date

11 Mar 2022

Allotment

16 Mar 2022

Listing Date

22 Mar 2022

Exchange

NSE SME

Price Band

₹90

Listing Price

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Allotment Status

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Price Band

₹90

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

5,47,200 shares (aggregating up to ₹4.92 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

14,91,900 shares

Promoters

Post-IPO Holding

17,89,500 shares

Promoters

P/E (Pre)

9.94x

UPI Deadline

2022-03-11

Mandate

Anchor AllotmentTue, 08 Mar 2022

Basis of AllotmentWed, 16 Mar 2022

Refund InitiationThu, 17 Mar 2022

Demat CreditMon, 21 Mar 2022

Listing DayTue, 22 Mar 2022

UPI Mandate Deadline2022-03-11

Sale TypeFresh Capital-cum-Offer for Sale

Market Maker Quota28,800 shares (aggregating up to ₹0.2592 Cr)

Fresh Issue Shares2,68,800 shares (aggregating up to ₹2.42 Cr)

Offer for Sale2,49,600 shares of ₹10 (aggregating up to ₹2.25 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

SP Refractories Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Mar 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	28,800	—	₹0.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	547,200	100%	₹4.92

IPO Shares Offered

SP Refractories Ltd. IPO total issue size: ₹4.92 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	28,800	₹0.26	5.26%
Total	547,200	₹4.92	100.00%

* Based on upper price band ₹90 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹90.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹288,000
Retail (Max — 13 Lots)	13	20,800	₹1,872,000
S-HNI (Min — 14 Lots)	14	22,400	₹2,016,000
B-HNI (Min — 68 Lots)	68	108,800	₹9,792,000

* Issue Price ₹90 × Lot Size 1,600 shares

IPO Schedule

Anchor

08 Mar 2022

✓ Done

IPO Open

09 Mar 2022

✓ Done

IPO Close

11 Mar 2022

✓ Done

Allotment

16 Mar 2022

✓ Done

Refunds

17 Mar 2022

✓ Done

Demat Credit

21 Mar 2022

✓ Done

Listing Day

22 Mar 2022

✓ Done

₹90.00

INR · NSE

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Issue ₹90.00 Live Price

About SP Refractories Ltd.

SP Refractories Ltd manufactures and supplies refactory material made using hydrated lime, Calcined Alumina, and other raw materials. Refractory cement is its core focus that 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, blend, and pack refractory cement in powder form in its manufacturing facility.Its manufacturing facility are 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.Competitive strengthsExperienced 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.

Objects of the Issue

1 Funding Working Capital Requirement

2 General Corporate Purpose

SP Refractories Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹2,099.6

31-Mar-20

₹2,572.5

31-Mar-21

₹1,447.6

30-Sep-21

Profit After Tax (PAT)

₹39.9

31-Mar-20

₹75.4

31-Mar-21

₹80.7

30-Sep-21

Particulars	30-Sep-21	31-Mar-21	31-Mar-20
Revenue from Operations	1447.64	2572.48	2099.59
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	80.74	75.35	39.93
Net Worth	N/A	N/A	N/A
Total Assets	1232.20	1057.17	898.33
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered5,47,200 (100.00%)

Net Offer to PublicN/A

Reserved for Market Maker28,800 shares (aggregating up to ₹0.2592 Cr)

Pre-Issue Promoter Holding14,91,900 shares

Post-Issue Promoter Holding17,89,500 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much SP Refractories Ltd. IPO subscribed? ▲

SP Refractories Ltd. IPO is subscribed 1.00 times by Mar 11, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is SP Refractories Ltd. IPO retail subscription status? ▼

The SP Refractories Ltd. IPO retail category is subscribed 1.00 times as of 11 Mar 2022. The retail portion is oversubscribed.

How to subscribe SP Refractories Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 09 Mar 2022 and closes 11 Mar 2022. Min investment: ₹144,000 (1 lot = 1,600 shares). UPI mandate: 2022-03-11.

How many times SP Refractories Ltd. IPO subscribed? ▼

The SP Refractories Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check SP Refractories Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 16 Mar 2022. Refunds: on 17 Mar 2022.

When SP Refractories Ltd. IPO will be listed? ▼

The SP Refractories Ltd. IPO listing date is 22 Mar 2022, Tuesday. Listed on: NSE SME. Issue price: ₹90. Estimated listing: ₹90. GMP: NIL.

When SP Refractories Ltd. IPO close? ▼

The SP Refractories Ltd. IPO closes on 11 Mar 2022, Friday. UPI mandate: 2022-03-11. Allotment: 16 Mar 2022. Listing: 22 Mar 2022.

Quick Actions

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Live Price LIVE

Last Price₹90.00

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Issue Price₹90.00

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Quick Summary

StatusListed

Issue Price₹90

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹90

Subscribed1.00x

Open Date09 Mar 2022

Close Date11 Mar 2022

Allotment16 Mar 2022

Listing Date22 Mar 2022

ExchangeNSE SME

UPI Deadline2022-03-11