| Initial public offer of 60,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Refractory Shapes Limited ("Refractory Shapes", or "The Company" or "The Issuer") for cash at a price of Rs. 31.00/- per equity share including a share premium of Rs. 21.00/- per equity share (the "Issue Price") aggregating to Rs. 18.60 crores ("The Issue"), of which 3,04,000 equity shares of face value of Rs. 10/- each for cash at a price of
Rs. 31.00/- per equity share including a share premium of Rs. 21.00/- per equity share aggregating to Rs. 0.94 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 56,96,000 equity shares of face value of Rs. 10/- each at a price of Rs. 31.00/- per equity share including a share premium of Rs. 21.00/- per equity share aggregating to Rs. 17.66 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.52 % and 26.13 % respectively of the post issue paid up equity share capital of the company.
The face value of equity shares is Rs. 10/- each. The issue price is 3.1 times the face value of the equity.e
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