Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Thu, Mar 31, 2016 - Wed, Apr 6, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 31, 2016
IPO Close
Wed, Apr 6, 2016
Issue Price
₹39 per share
Market Cap (Pre-IPO)
₹28.00 Cr
| IPO Date | 31 Mar to 6 Apr, 2016 |
| Listed on | Wed, Apr 13, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,20,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Securities Ltd. (agg. up to ₹0.3744 Cr) |
| Fresh Issue (Ex Market Maker) | 18,24,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 18,24,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 52,59,500 shares |
| Share Holding Post Issue | 71,79,500 shares |
| BSE Script Code | 539837 RPEL |
| ISIN | INE912T01018 |
Raghav Ramming Mass IPO comprises a total issue size of 19,20,000 shares. The net offer to the public is 18,24,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 9,12,000 (50.00%) allocated to NII 9,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,12,000 | 50.00% | 47.50% |
| Retail Shares Offered | 9,12,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.00% | |
| Total Shares Offered | 19,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | To Meet Working Capital Requirement | 7.21 |
| 2 | Public Issue Expenses | 0.28 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc and other out of pocket expenses | 0.22 |
| 2 | Printing and Stationery and postage expenses, Advertising and Marketing expenses | 0.04 |
| 3 | Statutory & other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹41.00 |
| Low | ₹40.00 |
| High | ₹41.00 |
| Last Trade | ₹40.05 |
Lead Manager Reports
Raghav Ramming Mass IPO is a SME IPO of 19,20,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 31, 2016, and closes on Wed, Apr 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 Thu, Mar 31, 2016 and closes on Wed, Apr 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 Wed, Apr 13, 2016.
