SP REFRACTORIES Share price

The Company was incorporated as SP Refractories Private Limited on January 18 2007 under the Companies Act 1956 with the Registrar of Companies Mumbai bearing Registration number 167114. The status of the Company was changed to public limited and the name of the Company was changed to SP Refractories Limited vide Special Resolution dated October 11 2021. The fresh certificate of incorporation consequent to conversion was issued on October 28 2021 by the Registrar of Companies Mumbai. The Corporate Identification Number of the Company is U51909MH2007PLC167114.The Company has 7 shareholders as on the date of filing of this Prospectus.The Company SP Refractories Limited is engaged in manufacturing and supplying Refractory Material made using hydrated lime Calcined Alumina and other raw materials. the core focus is on refractory cement which is a niche andhigh margin cement widely used in iron & steel and construction industries because of its thermal conductivity Maximum strength and Heat resistance.The Company began its operations in the year 2007 with manufacturing of refractory cement and castables. Beforeincorporation of the company Late Sri. Prabodh Kale was running the established business of refractory cement in apartnership firm named Shanark Industries based out of Nagpur. Post his demise his wife; Namita Kale took thebusiness activities forward under SP Refractories Limited as the promoter along with her daughters Shweta Kale andPrajakta Kale.The Company has one Manufacturing facility at M- 10 MIDC Hingna Nagpur and the adjoining premise M- 11-1 & M-11-2 MIDC Hingna Nagpur is being used as Godown and storage facility. The manufacturing facility is located in MIDC which is well-developed industrial area of Nagpur.We have a healthy client base due to the quality product customized solutions and large product line. We have clinkersmanufacturing capacity of 4000 MT per year and Clinkers crushing capacity of 6000 MT per year. We get clinkersmanufactured from outsider on job work basis and thereafter process of crushing the clinkers blending and packing ofrefectory cement in powder form carries out in the manufacturing facility for excess capacity of crushing. Further asand when required we purchase clinkers from third party and carry out process of crushing the clinkers blending andpacking of refectory cement in powder form to utilize the excess capacity of crushing.We have dedicated semi-automatic machines and skilled operators for manual checking of raw materials as well as Finished Goods. the Testing and QC Technical team combined with the testing equipments ensures the quality of rawmaterial dispensed in the production process and also the finished goods delivered to the customers. This helps inimproving the procurement process thus reducing wastages returns and other related costs.MAJOR EVENTS IN THE HISTORY OF THE COMPANY :January 2007- Incorporation of the CompanyDecember 2007- Purchase of Manufacturing FacilityMarch 2020- Cross Turnover of 20 CroreOctober 2021- Conversion of Company from Private to Public Limited