Home » Initial Public Offerings(IPOs) for the week(06 Mar.- 12 Mar. 2022)

Initial Public Offerings(IPOs) for the week(06 Mar.- 12 Mar. 2022)

Initial Public Offering for the week.

The Initial Public Offerings(IPO) for the week is –


The company S P Refractories Limited is engaged in the manufacture and supply of refractory material that is made using hydrated lime, calcinated alumina, and other raw materials. The main focus of the company is on refractory cement which is a high-margin cement used in iron, steel, and construction industries with its properties of thermal conductivity, maximum strength, and heat resistance. Its manufacturing unit is located in MIDC Nagpur.

The company has a large product line with a clinkers manufacturing capacity of 4000 MT per year and a clinkers crushing capacity of 6000 MT per year. It gets clinkers manufactured from outside on a job work basis and after that follows the process of crushing clinkers, blending and packaging of refractory cement in powder form in a manufacturing facility for excess capacity of crushing. It also purchases clinkers from third parties whenever required and carries out the process of crushing clinkers, blending, and packaging the refractory cement in powder form. The QC technical and the testing team ensures the quality of raw materials which reduces wastages.

The promoter of the company are Namita Prabodh Kale, Shweta Prabodh Kale and Prajakta Prabodh Kale. The object of the IPO is to raise funds to meet the objective of working capital requirements and general corporate purposes. The listing of the company is expected to enhance its brand image.

The total revenue of the company was Rs. 18.82 crores with a net profit of Rs. 20.59 lakh (Year ended 31 March 2019), the revenue of Rs. 20.96 crore with a net profit of Rs. 39.93 lakh (Year ended March 2020) and revenue of Rs. 25.69 crore with a net profit of Rs. 75.35 lakh (Year ended March 2021).


Cool Caps industries limited is engaged in the business of manufacturing a wide range of plastic bottle caps and closures that include plastic soda bottle caps, plastic soft drink bottle caps, plastic mineral water bottle caps, and plastic juice bottle caps. It has units located in Howrah- West Bengal and Kotdwar- Uttarakhand. Over the years the company has distinguished into pet bottle caps of various shapes, sizes, and colors along with cup handles having many applications.

 The company also trades in shrink film as an additional service to its customers. Shrink film is a shrink wrap made of low-density polyethylene material used for secondary and tertiary packaging due to its advantages and specific properties. Applications of shrink film include bundle packaging of beverages such as water, soft drinks, energy drinks, etc. The company is also involved in trading plastic granules that can be used for making various plastic products such as chairs, mugs, bottles, etc.

Cool caps industries limited has entered the business of face masks and the products include Mask on Plus N95 FFP2 mask, Mask on N95 FFP2 mask, and N95 FFP2 mask from units located in Howrah, West Bengal.

The promoter of the company is Mr. Rajeev Goenka. The objects of the IPO include funding the working capital requirements of the company and general corporate purposes. Listing would enhance the visibility and brand image of the company.

The total revenue of the company was Rs.31.13 crore with a net profit of Rs. 2.91 crore lakh (Year ended 31st March 2021).

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