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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 ₹25.00 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). The minimum lot size investment for 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 Date | September 12, 2018 to September 17, 2018 |
| Listing Date | September 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹4.50 Cr) |
| Reserved for Market Maker | 96,000 shares Beeline Broking Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 17,04,000 shares (aggregating up to ₹4.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 47,99,980 shares |
| Share Holding Post Issue | 65,99,980 shares |
Ranjeet Mechatronics IPO offers total 18,00,000 shares. Out of which 8,52,000 (47.33%) allocated to NII, 8,52,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.33%) |
| NII (HNI) Shares Offered | 8,52,000 (47.33%) |
| Retail Shares Offered | 8,52,000 (47.33%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Ranjeet Mechatronics IPO opens on September 12, 2018, and closes on September 17, 2018.
| IPO Open Date | Wed, Sep 12, 2018 |
| IPO Close Date | Mon, Sep 17, 2018 |
| Tentative Allotment | Fri, Sep 21, 2018 |
| Initiation of Refunds | Tue, Sep 25, 2018 |
| Credit of Shares to Demat | Tue, Sep 25, 2018 |
| Tentative Listing Date | Wed, Sep 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 17, 2018 |
Investors can bid for a minimum of 6,000 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 | 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
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 2,241.69 | 2,084.00 | 1,805.68 | 1,396.98 | 764.98 | |
| Total Revenue | 1,803.69 | 1,763.73 | 2,528.67 | 2,400.03 | 1,090.28 | |
| Profit After Tax | 91.31 | 50.95 | 16.08 | 4.90 | 3.09 | |
The objects of the Issue are-
1. Net Incremental Working Capital Requirement
2. General corporate Purpose
The details of proceeds of the Issue are-
Gross Proceeds from the Issue- Rs 450.00 lakhs
Less: Issue Related Expenses- Rs 38.00 lakhs
Net Proceeds- Rs 412.00 lakhs
The Net proceeds are proposed to be used in the following manner-
Working Capital Requirement- Rs 312.00 lakhs
General corporate Purpose- Rs 100.00 lakhs
Net Proceeds- Rs 412.00 lakhs
[Dilip Davda] <p>Issue is priced aggressively. This sector is not doing well as expressed by its peer. Sudden jump in bottom line with static top line for FY17 and 18 is a bit surprising. Considering this, risk savvy cash surplus investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | September 26, 2018 |
| BSE Script Code | 541945 |
| NSE Symbol | |
| ISIN | INE01A501019 |
| Final Issue Price | ₹25 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹27.50 |
| Low | ₹27.50 |
| High | ₹28.85 |
| Last Trade | ₹28.85 |
Ranjeet Mechatronics Ltd.
Block A, 407 - 4th Floor
Dev Aurum, Anand Nagar Cross Road
Prahladnagar Road
Ahmedabad, Gujarat, 380015
Phone: 079 - 4000 9390
Email: cs.compliance@ranjeet.co.in
Website: http://www.ranjeet.co.in/
Alankit Assignments Ltd.
Phone: (011) 4254 1234
Email: ipo@alankit.com
Website: http://ipo.alankit.com/
Ranjeet Mechatronics IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on September 12, 2018, and closes on September 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 September 12, 2018 and closes on September 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 Tuesday, September 25, 2018. Check the Ranjeet Mechatronics IPO allotment status.
The Ranjeet Mechatronics IPO listing date is on Wednesday, September 26, 2018.
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