IPO

IPO Synopsis
SP Refractories Ltd
Registered Office: M-10 M-11/1 & M-11/2,MIDC Indl.Area Hingna Road , Nagpur - 440016 , Maharashtra , India.
Phone : 91-7104-235388/235399   Fax:
Email :  info@sprefractories.com  
Website :  www.sprefractories.com
Initial public offer of 5,47,200 equity shares of Rs. 10 each ("Equity Shares") of SP Refractories Limited ("SPRL" or the "Company") for cash at a price of Rs. 90 per share (the "Issue Price"), aggregating to Rs. 4.92 crores ("The Issue"), consisting of fresh issue of 2,97,600 equity shares aggregating to Rs. 2.68 crores and an offer for sale of 2,49,600 equity shares comprising of 1,24,800 by Shweta Prabodh Kale and 1,24,800 by Prajakta Prabodh Kale ("The Promoters Selling Shareholder" or "The Selling Shareholder") aggregating to Rs. 2.24 crores ("Offer for Sale"), of which 28,800 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of 5,18,400 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.58% and 28.97% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 9 times of the face value. Bid can be made for minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
09-Mar-22 11-Mar-22 Rs90.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 2.68
Aryaman Financial Services Ltd
Project Financed through Current Offer 4.92  
Post Issue Equity Share Capital 1.79  
Issue Price Rs90.00  
 
Projects
Funding Working Capital RequirementsGeneral Corpoate Purposes
Promoted By
Namita Prabodh Kale
Shweta Prabodh Kale
Prajakta Prabodh Kale
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd