Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Mar 9, 2022 - Fri, Mar 11, 2022
SP Refractories IPO is a fixed price issue of ₹4.92 crores. The issue is a combination of fresh issue of 0.03 crore shares aggregating to ₹2.68 crores and offer for sale of 0.02 crore shares aggregating to ₹2.25 crores.
SP Refractories IPO bidding started from Mar 9, 2022 and ended on Mar 11, 2022. The allotment for SP Refractories IPO was finalized on Mar 16, 2022. The shares got listed on NSE SME on Mar 22, 2022.
SP Refractories IPO price is ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to SP Refractories IPO RHP for detailed Information.
IPO Open
Wed, Mar 9, 2022
IPO Close
Fri, Mar 11, 2022
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹16.11 Cr
| IPO Date | 9 to 11 Mar, 2022 |
| Listed on | Tue, Mar 22, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 5,47,200 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 28,800 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.2592 Cr) |
| Fresh Issue (Ex Market Maker) | 2,68,800 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 2,49,600 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 5,18,400 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 14,91,900 shares |
| Share Holding Post Issue | 17,89,500 shares |
| NSE Symbol | SPRL |
| ISIN | INE0JW501011 |
SP Refractories IPO comprises a total issue size of 5,47,200 shares. The net offer to the public is 5,18,400 shares, after excluding 28,800 shares allotted on a firm basis. Of the Net offer 2,59,200 (50.00%) allocated to NII 2,59,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,59,200 | 50.00% | 47.37% |
| Retail Shares Offered | 2,59,200 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 28,800 | 5.26% | |
| Total Shares Offered | 5,47,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
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 strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 2.21 |
| 2 | General Corporate Purpose | 0.17 |
| KPI | |
|---|---|
| Debt/Equity | 0.81 |
| RoNW | 16.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.05 | |
| P/E (x) | 9.94 | |
| Promoter Holding | 100% | 69.42% |
| Market Cap | ₹16.11 Cr. |
The SP Refractories IPO is subscribed 7.24 times on March 11, 2022 5:00:00 PM (Day 3). The public issue subscribed 8.85 times in the retail category, [.] times in the QIB category, and 5.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.64 | 2,59,200 | 14,60,800 |
| Retail | 8.85 | 2,59,200 | 22,92,800 |
| Total | 7.24 | 5,18,400 | 37,53,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.38 |
| 2 | Brokerage and selling commission | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.20 |
| Low | ₹88.00 |
| High | ₹91.00 |
| Last Trade | ₹90.10 |
Lead Manager Reports
SP Refractories IPO is a SME IPO of 5,47,200 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Mar 9, 2022, and closes on Fri, Mar 11, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SP Refractories IPO using UPI as a payment gateway. Zerodha customers can apply in SP Refractories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SP Refractories IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SP Refractories IPO opens on Wed, Mar 9, 2022 and closes on Fri, Mar 11, 2022.
SP Refractories IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in SP Refractories IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SP Refractories IPO will be done on Wednesday, March 16, 2022, and the allotted shares will be credited to your demat account by Mon, Mar 21, 2022. Check the SP Refractories IPO allotment status.
The SP Refractories IPO listing date is on Tue, Mar 22, 2022.
