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Raghav Ramming Mass IPO is a fixed price issue of ₹7.49 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹7.49 crore.
Raghav Ramming Mass IPO bidding started from Mar 31, 2016 and ended on Apr 6, 2016. The shares got listed on BSE SME on Apr 13, 2016.
Raghav Ramming Mass IPO price is ₹39.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,17,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,34,000.
Hem Securities 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 Hem Securities Ltd..
Refer to Raghav Ramming Mass IPO RHP for detailed Information.
| IPO Date | March 31, 2016 to April 6, 2016 |
| Listing Date | April 13, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,20,000 shares (aggregating up to ₹7.49 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Securities Ltd. (aggregating up to ₹0.3744 Cr) |
| Net Offered to Public | 18,24,000 shares (aggregating up to ₹7.11 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 52,59,500 shares |
| Share Holding Post Issue | 71,79,500 shares |
Raghav Ramming IPO offers total 19,20,000 shares. Out of which 9,12,000 (47.50%) allocated to NII, 9,12,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.00%) |
| NII (HNI) Shares Offered | 9,12,000 (47.50%) |
| Retail Shares Offered | 9,12,000 (47.50%) |
| Total Shares Offered | 19,20,000 (100.00%) |
Raghav Ramming Mass IPO opens on March 31, 2016, and closes on April 6, 2016.
| IPO Open Date | Thu, Mar 31, 2016 |
| IPO Close Date | Wed, Apr 6, 2016 |
| Tentative Listing Date | Wed, Apr 13, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 6, 2016 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,17,000 |
| Retail (Max) | 1 | 3,000 | ₹1,17,000 |
| HNI (Min) | 2 | 6,000 | ₹2,34,000 |
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.
The Company Raghav Ramming Mass IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 7.21 |
| 2 | Public Issue Expenses | 0.28 |
[Dilip Davda] Risk savvy investors having surplus funds may consider this IPO for long term rewards. Read detail review...
| Listing Date | April 13, 2016 |
| BSE Script Code | 539837 |
| NSE Symbol | RPEL |
| ISIN | INE912T01018 |
| Final Issue Price | ₹39 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹41.00 |
| Low | ₹40.00 |
| High | ₹41.00 |
| Last Trade | ₹40.05 |
Raghav Ramming Mass Ltd.
Office No. 36, 4th floor, Alankar Plaza, A-10,
Central Spine,
Vidhyadhar Nagar,
Jaipur, Rajasthan, 302023
Phone: +91-141-2235760
Email: cs@rammingmass.com
Website: http://www.rammingmass.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/IPO_Status.html
Raghav Ramming Mass IPO is a SME IPO of 19,20,000 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.
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.
Zerodha customers can apply online in Raghav Ramming Mass IPO using UPI as a payment gateway. Zerodha customers can apply in Raghav Ramming Mass IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raghav Ramming Mass IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raghav Ramming Mass IPO opens on March 31, 2016 and closes on April 6, 2016.
Raghav Ramming Mass IPO lot size is 3000, and the minimum amount required for application is ₹1,17,000.
You can apply in Raghav Ramming Mass 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 Raghav Ramming Mass IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raghav Ramming Mass IPO allotment status.
The Raghav Ramming Mass IPO listing date is on Wednesday, April 13, 2016.
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