Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Fri, Dec 23, 2022 - Tue, Dec 27, 2022
RBM Infracon IPO is a fixed price issue of ₹8.37 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹8.37 crore.
RBM Infracon IPO bidding started from Dec 23, 2022 and ended on Dec 27, 2022. The allotment for RBM Infracon IPO was finalized on Dec 30, 2022. The shares got listed on NSE SME on Jan 4, 2023.
RBM Infracon IPO price is ₹36 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to RBM Infracon IPO RHP for detailed Information.
IPO Open
Fri, Dec 23, 2022
IPO Close
Tue, Dec 27, 2022
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹30.39 Cr
| IPO Date | 23 to 27 Dec, 2022 |
| Listed on | Wed, Jan 4, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,25,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,17,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.4212 Cr) |
| Fresh Issue (Ex Market Maker) | 22,08,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 22,08,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 61,16,000 shares |
| Share Holding Post Issue | 84,41,000 shares |
| NSE Symbol | RBMINFRA |
| ISIN | INE0NA301016 |
RBM Infracon IPO comprises a total issue size of 23,25,000 shares. The net offer to the public is 22,08,000 shares, after excluding 1,17,000 shares allotted on a firm basis. Of the Net offer 11,04,000 (50.00%) allocated to NII 11,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,04,000 | 50.00% | 47.48% |
| Retail Shares Offered | 11,04,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,17,000 | 5.03% | |
| Total Shares Offered | 23,25,000 | 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 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2013, RBM Infracon Limited is primarily engaged in engineering, execution, testing, commissioning, operating & maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal/Gas based power plants, etc.
Its key business services include Fabrication & Erection of structural work, Fabrication & Erection of Piping, ARC maintenance, Turnaround, blasting & painting, Insulation and Refractory, Electrical and Instrumentation, NDT services, and others.
The firm provides services at different plants like CDU-VDU, DHDS, NHT-CCR, HMU-I & II, CPP, DCU, Rail and Jetty and is also involved in ARC maintenance jobs in RIL-Jamnagar and YARA-Babrala. It has successfully executed 14 Turnaround Shutdowns at Reliance Industries Ltd (RIL), Nayara Energy, and Yara Fertilisers.
As on Sep 6, 2022, it has an order book value of Rs 121 Crores, and recently, it has received a new order worth Rs 200 Crores from Malco Energy Ltd for operations & maintenance of the Metcoke Manufacturing Plant.
Strengths
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 24.50 | 25.04 | 23.34 | 21.16 |
| Total Income | 10.27 | 47.63 | 38.89 | 35.17 |
| Profit After Tax | 0.65 | 1.91 | -1.33 | -0.12 |
| NET Worth | 7.19 | 6.54 | 4.63 | 5.40 |
| Reserves and Surplus | 6.63 | 5.98 | 4.07 | 4.88 |
| Total Borrowing | 6.41 | 8.51 | 8.13 | 6.67 |
| 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 Requirements | 7.00 |
| 2 | General Corporate Purpose | 1.00 |
| KPI | |
|---|---|
| ROE | 34.23 |
| ROCE | 19.7 |
| Debt/Equity | 2.83 |
| RoNW | 29.22 |
| PAT Margin | 4.02% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.12 | |
| P/E (x) | 11.61 | |
| Promoter Holding | 100.00% | 72.45% |
| Market Cap | ₹30.39 Cr. |
The RBM Infracon IPO is subscribed 40.32 times on December 27, 2022 7:50:00 PM (Day 3). The public issue subscribed 34.33 times in the retail category, [.] times in the QIB category, and 46.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 46.32 | 11,04,000 | 5,11,32,000 |
| Retail | 34.33 | 11,04,000 | 3,78,96,000 |
| Total | 40.32 | 22,08,000 | 8,90,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.20 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisor to the Issue | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.03 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹52.50 |
| Low | ₹49.90 |
| High | ₹55.10 |
| Last Trade | ₹55.10 |
Lead Manager Reports
RBM Infracon IPO is a SME IPO of 23,25,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Dec 23, 2022, and closes on Tue, Dec 27, 2022.
Skyline Financial 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 RBM Infracon IPO using UPI as a payment gateway. Zerodha customers can apply in RBM Infracon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RBM Infracon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RBM Infracon IPO opens on Fri, Dec 23, 2022 and closes on Tue, Dec 27, 2022.
RBM Infracon IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in RBM Infracon 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 RBM Infracon IPO will be done on Friday, December 30, 2022, and the allotted shares will be credited to your demat account by Tue, Jan 3, 2023. Check the RBM Infracon IPO allotment status.
The RBM Infracon IPO listing date is on Wed, Jan 4, 2023.
