Refractory Shapes IPO has drawn significant investor interest, closing with a remarkable subscription rate of 255.08 times on its final bidding day, May 9.

The subscription saw varied interest across different investor classes, with Qualified Institutional Buyers (QIBs) subscribing 90.59 times, Non-Institutional Buyers (NIIs) 464.43 times, and Retail Investors 259.56 times, according to data from chittorgarh.com.

This SME IPO, which sought to raise ₹18.60 crore, offered 60 lakh shares priced between ₹27 to ₹31 per share, requiring investors to apply for a minimum of 4000 shares. The excitement around this offering underscores its potential, with the company set to finalize the allotment on Friday.

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Checking IPO Allotment Status on Registrar’s Website

Investors who applied can check their allotment status via the IPO’s registrar, Bigshare Services Private Limited. Here’s how:

1. Go to Bigshare Services Pvt Ltd website.
2. Choose a server to proceed with checking your IPO allotment status.
3. Find and select “Refractory Shapes Limited” from the dropdown list of companies.
4. Enter your application number, PAN (Permanent Account Number), or Beneficiary ID based on your chosen selection type.
5. Fill out the captcha to confirm you’re not a robot.
6. Click on the “Search” button to view your allotment status.

Listing and Company Background

Shares of Refractory Shapes Limited are scheduled to debut on the NSE SME platform on Tuesday, May 14. The company, noted in its Red Herring Prospectus (RHP), specializes in manufacturing a wide range of refractory products. These include various types of bricks, castables, ceramic balls, and more. With manufacturing units in Pune, Maharashtra, and Wankaner, Gujarat, Refractory Shapes Limited caters to diverse industrial needs.

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