Refractory Shapes shares list at 142% premium on NSE SME platform

The , which was completely a fresh equity issue of 60 lakh shares, received robust response from investors with an overall subscription of over 200 times at close.

The net proceeds from the public offer will be used for funding of capital expenditure, repayment of debt, purchase of commercial vehicles and general corporate purposes.

The company engaged in the of different types of bricks, castables, high alumina catalyst and ceramic balls which includes pre cast and pre fired blocks, burner blocks, special shaped refractory bricks, dense and insulating castables and mortars.

The tailored made products shaped by the company finds its application in a diverse range of , including steel, refineries, fertilizers, petrochemicals, glass, cement etc.

The company's are engineered to endure the harsh conditions of these industries, contributing to enhanced operational efficiency and extended equipment life.

In addition to the manufacturing activities, is also involved in receiving orders from for items which are not a part of the company's operations in manufacturing.

These items include metallic anchors, which are used as support for installing refractory castables for which raw Materials such as tabular alumina, low alumina bricks and insulation bricks, etc are required, For such orders, our company procures these items from their approved vendors and sells them to the clients.

Further, the company offloads the finished products from the manufacturing quantity with its vendors to meet the delivery period
of the client.

Refractories refer to that are resistant to extremely high temperatures and endure physical wear and corrosion produced by chemical agents. Refractories are made from natural and artificial materials, mainly nonmetallic or mixtures of compounds and minerals.