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RMC Switchgears IPO is a fixed price issue of Rs 4.15 crores. The issue is a combination of fresh issue of 7.68 lakh shares aggregating to Rs 2.07 crores and offer for sale of 7.68 lakh shares aggregating to Rs 2.07 crores.
RMC Switchgears IPO bidding started from February 28, 2017 and ended on March 3, 2017. The shares got listed on BSE SME on March 14, 2017.
RMC Switchgears IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Hem Securities Limited is the book running lead manager of the RMC Switchgears IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to RMC Switchgears IPO RHP for detailed information.
IPO Date | February 28, 2017 to March 3, 2017 |
Listing Date | March 14, 2017 |
Face Value | ₹10 per share |
Price | ₹27 per share |
Lot Size | 4000 Shares |
Total Issue Size | 1,536,000 shares (aggregating up to ₹4.15 Cr) |
Fresh Issue | 768,000 shares (aggregating up to ₹2.07 Cr) |
Offer for Sale | 768,000 shares of ₹10 (aggregating up to ₹2.07 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 4,324,200 |
Share holding post issue | 5,092,200 |
Market Maker portion | 96,000 shares |
RMC Switchgears IPO offers 1,536,000 shares. 720,000 (46.88%) to NII, 720,000 (46.88%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 96,000 (6.25%) |
Other Shares Offered | 720,000 (46.88%) |
Retail Shares Offered | 720,000 (46.88%) |
Total Shares Offered | 1,536,000 (100%) |
Investors can bid for a minimum of 4000 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 | 4000 | ₹108,000 |
Retail (Max) | 1 | 4000 | ₹108,000 |
Lot Size Calculator |
Incorporated in 1994, RMC Switchgears Limited is Jaipur Rajasthan based manufacturer for electrical enclosures. Company manufactures all types of enclosures in Sheet Molded Compound, Deep Drawn, Fabricated , Polycarbonate under one roof.
Company uses ultra modern automatic machineries from USA, Japan, Germany and Korea to achieve the best quality and uniformity at manufacturing facilities spread over an area of 8 Lac Sq ft.
RMC is approved vendors for all the state electricity utilities. Company are also approved vendors for the large corporate of India viz. Tatas, L& T, NCC, KEI, IRCON, Drake & Scull etc
RMC have in-house Research and Development Centre with Tool Room which helps the company to make the desired enclosure moulds within small time frame.
RMC received ISO 9001:2008 certification on the quality management system.
RMC Strengths:
• Large & Diverse Product Portfolio
• Quality of the products gives a market edge for most of the suppliers
• Integrated manufacturing facility
• Established relationship with institutional customers
• Experienced Promoter and skilled workforce
• Manufacturing of SMC enclosures, demand for which is continuously rising
• The company has well knit marketing network
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
[Dilip Davda] Issue pricing appears reasonable. Cash surplus investors may consider investment for medium to long term rewards. Read detail review...
The RMC Switchgears IPO is subscribed times on March 3, 2017 7:20:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | |
Retail | |
Total |
Listing Date | March 14, 2017 |
BSE Script Code | 540358 |
NSE Symbol | |
ISIN | INE655V01019 |
Final Issue Price | ₹27 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹27.00 |
₹29.50 |
₹29.00 |
₹32.40 |
₹32.40 |
RMC Switchgears Limited
7 KM. from Chaksu, Khotkawda Road,
Village Badodiya, Tehsil Chaksu,
Tonk Road, Jaipur-303901
Phone: +91-141-4031516
Email: cs@rmcindia.in
Website: http://www.rmcindia.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rmc.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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RMC Switchgears IPO is a SME IPO of 1,536,000 equity shares of the face value of ₹10 aggregating up to ₹4.15 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
The IPO opens on February 28, 2017, and closes on March 3, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The RMC Switchgears IPO opens on February 28, 2017 and closes on March 3, 2017.
RMC Switchgears IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
You can apply in RMC Switchgears 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 RMC Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the RMC Switchgears IPO allotment status.
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