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Raghav Ramming Mass Ltd IPO (Raghav Ramming IPO) Detail

March 31, 2016 - April 6, 2016

Raghav Ramming IPO is a fixed price issue of Rs 7.49 crores.

Raghav Ramming IPO bidding started from March 31, 2016 and ended on April 6, 2016. The shares got listed on BSE SME on April 13, 2016.

Raghav Ramming IPO price is ₹39 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹117,000.

Hem Securities Limited is the book running lead manager of the Raghav Ramming IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Raghav Ramming IPO RHP for detailed information.

Raghav Ramming IPO Details

IPO Date March 31, 2016 to April 6, 2016
Listing Date April 13, 2016
Face Value ₹10 per share
Price ₹39 per share
Lot Size 3000 Shares
Total Issue Size1,920,000 shares
(aggregating up to ₹7.49 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue5,259,500
Share holding post issue7,179,500

Raghav Ramming IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹117,000
Retail (Max) 1 3000 ₹117,000
Lot Size Calculator

About Raghav Ramming Mass Ltd

Raghav Ramming Mass Ltd. (RRML) is engaged in the manufacturing, supply and export of good quality ramming mass (quartz powder) mineral based on the customer requirements which are widely used in as refractory material in induction furnace. RRML is also engaged in the business of purchase and sale (trading) of G I sheets on the basis of the orders received from third parties. It supplies these G I Sheets to these third parties after sourcing the same from various suppliers.

Objects of the Issue (Raghav Ramming IPO Objectives)

The Issue includes a fresh Issue of 19,20,000 Equity Shares of our Company at an Issue Price of 39/- per Equity Share.
Company proposes to utilize the proceeds of the Issue to meet the following objects:

1. To meet Working Capital Requirement

2. To Meet the Issue Expenses

Raghav Ramming IPO Review (Apply)

[Dilip Davda]  Risk savvy investors having surplus funds may consider this IPO for long term rewards. Read detail review...

Raghav Ramming IPO Prospectus

Raghav Ramming IPO Rating

6
3.2
Rating:Rated 3.2 stars
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Raghav Ramming IPO Listing Details

Listing Date April 13, 2016
BSE Script Code 539837
NSE Symbol RPEL
ISIN INE912T01018
Final Issue Price ₹39 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹39.00
₹41.00
₹40.00
₹41.00
₹40.05

Check IPO Performance…

Raghav Ramming Mass Ltd Contact Details

Raghav Ramming Mass Ltd
Office No. 36, 4th floor, Alankar Plaza, A-10,
Central Spine, Vidhyadhar Nagar,
Jaipur-302023, Rajasthan
Phone: +91-141-2235760
Email: cs@rammingmass.com
Website: http://www.rammingmass.com

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Raghav Ramming IPO - Buy or Not

Raghav Ramming IPO Recommendation Summary

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Members 0 0 0

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Raghav Ramming IPO FAQs

Raghav Ramming IPO is a SME IPO of 1,920,000 equity shares of the face value of ₹10 aggregating up to ₹7.49 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000 Shares.

The IPO opens on March 31, 2016, and closes on April 6, 2016.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Raghav Ramming IPO opens on March 31, 2016 and closes on April 6, 2016.

Raghav Ramming IPO lot size is 3000 Shares, and the minimum amount required is ₹117,000.

You can apply in Raghav Ramming IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Raghav Ramming IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raghav Ramming IPO allotment status.

The Raghav Ramming IPO listing date is on April 13, 2016.
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6 Comments

6. ipobazaar |   Link |  Bookmark |July 1, 2016 1:41:12 AM
RII-9.81
little bit surprised to see the fig.
400cr issue
very very lucky person will get the allotment
i am out of it..
ATB
5. rtvvtr |   Link |  Bookmark |May 5, 2016 11:39:02 AM
rs.8/-
4. Manipo |   Link |  Bookmark |April 12, 2016 7:35:23 PM (200+ Posts)
Listing tomorrow 13th Wednesday
3. Manipo |   Link |  Bookmark |April 10, 2016 4:48:59 PM (200+ Posts)
Allotment status is advisable on bigshare website
2. biyani g |   Link |  Bookmark |April 1, 2016 4:46:01 PM
very high price
1. jonam |   Link |  Bookmark |April 1, 2016 11:42:49 AM
Main customers are steel companies who are in deep trouble. Receivables are 8-9 months of sale. Asking price of 39/- very high. Should have been priced at 15/-