Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Sep 12, 2018 - Mon, Sep 17, 2018
Ranjeet Mechatronics IPO is a fixed price issue of ₹4.50 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹4.50 crore.
Ranjeet Mechatronics IPO bidding started from Sep 12, 2018 and ended on Sep 17, 2018. The allotment for Ranjeet Mechatronics IPO was finalized on Sep 21, 2018. The shares got listed on BSE SME on Sep 26, 2018.
Ranjeet Mechatronics IPO price is ₹25 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Beeline Broking Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Ranjeet Mechatronics IPO RHP for detailed Information.
IPO Open
Wed, Sep 12, 2018
IPO Close
Mon, Sep 17, 2018
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹16.50 Cr
| IPO Date | 12 to 17 Sep, 2018 |
| Listed on | Wed, Sep 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 96,000 shares Beeline Broking Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 17,04,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 17,04,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 47,99,980 shares |
| Share Holding Post Issue | 65,99,980 shares |
| BSE Script Code | 541945 |
| ISIN | INE01A501019 |
Ranjeet Mechatronics IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,04,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,52,000 (50.00%) allocated to NII 8,52,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,52,000 | 50.00% | 47.33% |
| Retail Shares Offered | 8,52,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.33% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Incorporated in 1949, Ahmedabad based Ranjeet Mechatronics Limited is a company engaged in the business of providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in installation, designing, commission, testing, implementation, management and operational support for security and fire solutions.
Some of the projects completed by the company are-
1. Chennai Metro Rail Pump House
2. Goa Shipyard Modernisation Project Phase- 3A
3. Medical College Sola, Ahmedabad
4. Kalpana Chawla Government Medical, College, Karnal Haryana
5. Vardhaman Institute of Medical
Science (VIMS) Project
The company has 27 employees on its payroll.
Competitive Strengths-
1. Over 2 decades of experience
2. Perfectly positioned to benefit from government's focus on infrastructure
3. Good track record of timely completion of projects
| 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 | Net Incremental Working Capital Requirement | 3.12 |
| 2 | General corporate Purpose | 1.00 |
The Ranjeet Mechatronics IPO is subscribed 69.75 times on September 17, 2018 6:29:02 PM (Day 3). The public issue subscribed 62.03 times in the retail category, [.] times in the QIB category, and 77.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 77.48 | 8,52,000 | 6,60,12,000 |
| Retail | 62.03 | 8,52,000 | 5,28,48,000 |
| Total | 69.75 | 17,04,000 | 11,88,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker | 0.24 |
| 2 | Regulatory Fees, printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.10 |
| 3 | Market Making and Other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.50 |
| Low | ₹27.50 |
| High | ₹28.85 |
| Last Trade | ₹28.85 |
Lead Manager Reports
Ranjeet Mechatronics IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Sep 12, 2018, and closes on Mon, Sep 17, 2018.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ranjeet Mechatronics IPO using UPI as a payment gateway. Zerodha customers can apply in Ranjeet Mechatronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ranjeet Mechatronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ranjeet Mechatronics IPO opens on Wed, Sep 12, 2018 and closes on Mon, Sep 17, 2018.
Ranjeet Mechatronics IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Ranjeet Mechatronics 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 Ranjeet Mechatronics IPO will be done on Friday, September 21, 2018, and the allotted shares will be credited to your demat account by Tue, Sep 25, 2018. Check the Ranjeet Mechatronics IPO allotment status.
The Ranjeet Mechatronics IPO listing date is on Wed, Sep 26, 2018.
