Bookbuilding IPO | ₹11 Cr | Listed at NSE SME | Tue, Sep 19, 2017 - Mon, Sep 25, 2017
R M Drip IPO is a book build issue of ₹11.46 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹11.46 crore.
R M Drip IPO bidding started from Sep 19, 2017 and ended on Sep 25, 2017. The shares got listed on NSE SME on Oct 4, 2017.
R M Drip IPO price band is set at ₹57 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,14,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,28,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to R M Drip IPO RHP for detailed Information.
IPO Open
Tue, Sep 19, 2017
IPO Close
Mon, Sep 25, 2017
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹38.13 Cr
| IPO Date | 19 to 25 Sep, 2017 |
| Listed on | Wed, Oct 4, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹57 |
| Issue Price | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,10,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,10,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.6270 Cr) |
| Fresh Issue (Ex Market Maker) | 19,00,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 19,00,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 46,80,000 shares |
| Share Holding Post Issue | 66,90,000 shares |
| NSE Symbol | RMDRIP |
| ISIN | INE219Y01018 |
R M Drip IPO comprises a total issue size of 20,10,000 shares. The net offer to the public is 19,00,000 shares, after excluding 1,10,000 shares allotted on a firm basis. Of the Net offer 9,50,000 (50.00%) allocated to NII 9,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,50,000 | 50.00% | 47.26% |
| Retail Shares Offered | 9,50,000 | 50.00% | 47.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,10,000 | 5.47% | |
| Total Shares Offered | 20,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
Incorporated in 2004, R M Drip & Sprinklers System Ltd (RMD) is engaged in manufacture and sale of Micro Irrigation System (MIS) consisting of drip irrigation system and sprinkler irrigation system along with its components, irrigation accessories and allied products.
RM Drip designs and manufactures, world class micro irrigation equipment's, In-house within its factory premises, situated at Sinnar, near Nashik. The company also assists farmers in designing and installation of their Sprinkler and Drip Irrigations Systems, according to their specific needs.
RMD’s revenue mix comprises of open market and project market models. Majority of its revenue comes from open market with the help of channel partners. RMD operates in states of Maharashtra, Gujarat, Karnataka and MP. Company’s product range include HDPE Pipes, Pipes Fittings and Irrigation Equipments including drip/sprinkler systems, Disc filters, Screen filters, Hydro-Cyclone filters, Sand (Gravel) filters, Compression fittings, valves (Electric & Mechanical), Fertilizer Tanks etc.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 7.50 |
| 2 | General Corporate Purposes | 2.46 |
The R M Drip IPO is subscribed [.] times on September 25, 2017 5:00:00 PM (Day 5). 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 1.30 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹57.10 |
| Low | ₹57.00 |
| High | ₹60.50 |
| Last Trade | ₹58.80 |
Lead Manager Reports
R M Drip IPO is a SME IPO of 20,10,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 19, 2017, and closes on Mon, Sep 25, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in R M Drip IPO using UPI as a payment gateway. Zerodha customers can apply in R M Drip IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in R M Drip IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The R M Drip IPO opens on Tue, Sep 19, 2017 and closes on Mon, Sep 25, 2017.
R M Drip IPO lot size is 2000, and the minimum amount required for application is ₹1,14,000.
You can apply in R M Drip IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for R M Drip IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the R M Drip IPO allotment status.
The R M Drip IPO listing date is on Wed, Oct 4, 2017.
