SP Refractories Ltd. has announced public offering of 547200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 80.00 per share. The gross proceeds of the issue are expected to be Rs 492.48 lakhs.

The company's initial public offer (IPO) will open on 09 March 2022 and is expected to close on 11 March 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 547200 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

SP Refractories Ltd. anticipates using the proceeds of the issue for a) Funding Working Capital Requirement

b) General Corporate Purpose.

Aryaman Financial Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.