SP Refactories Limited IPO
SP Refactories Limited IPO
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The Initial Public Offering of SP Refactories Limited's culminated in its successful listing on 22-03-2022 at the NSE trading platform. The company secured 5,47,200 Shares through this capital market exercise, with 2,68,800 Shares allocated to new capital formation and ₹2.25 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹90 to ₹90, with minimum investment requirements of 1600 shares. The subscription period from 09-03-2022 to 11-03-2022 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 16-03-2022. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
SP Refactories IPO About Company
SP Refractories Ltd manufactures and supplies refractory materials, primarily focusing on refractory cement made from hydrated lime, calcined alumina, and other raw materials. The cement, known for its high thermal conductivity, strength, and heat resistance, is widely used in the steel and construction industries. The company procures clinkers externally, which are then crushed, blended, and packed into powder form at its manufacturing facility in Hingna, Nagpur, with an annual clinker manufacturing capacity of 4,000 MT and a crushing capacity of 6,000 MT.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
SP Refactories IPO Strength Factors
- Experienced Leadership: Promoters and management team with a proven track record of success.
- Strong Relationships: Maintains long-term ties with customers and suppliers.
- Solid Financials: Demonstrates a strong balance sheet and reliable financial performance.
- Strategic Manufacturing Location: Plant located in Nagpur for operational efficiency and market access.
SP Refactories IPO Risk Factors
NA
SP Refactories IPO Lead Manager(s)
- Aryaman Financial Services Limited
SP Refactories IPO Promoter(s)
- Namita Prabodh Kale
- Shweta Prabodh Kale
- Prajakta Prabodh Kale
SP Refactories IPO FAQs
SP Refactories Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 17, 2025 9:54:08 AM (Day 17).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
SP Refactories IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
SP Refactories IPO FAQs
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The IPO allotment has not been confirmed yet. To check your status , SP Refactories IPO Allotment Status Please Click Here.
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If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .