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 Refractory Shapes SME IPO opens at 141% premium

Refractory Shapes IPO on 14th May opened at Rs. 75 at a 141% premium. The issue was priced at Rs. 31. 

About listing gain 

The grey market premium for this NSE SME IPO was 80%. This means the actual premium is quite higher than the anticipation. 

Grey market estimates 

The IPO size was Rs. 18.60 cr with a lot of 60 lakh equity shares. It was 248x oversubscribed.

IPO details

The stock was trading 154% up at 11:30 am on Tuesday at Rs. 78.75. 

Share hike

The company is involved in manufacturing bricks, castables, high alumina catalysts, and ceramic balls. 

About Refractory Shapes

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