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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 ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for 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 Date | December 23, 2022 to December 27, 2022 |
| Listing Date | January 4, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,25,000 shares (aggregating up to ₹8.37 Cr) |
| Reserved for Market Maker | 1,17,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.4212 Cr) |
| Net Offered to Public | 22,08,000 shares (aggregating up to ₹7.95 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 61,16,000 shares |
| Share Holding Post Issue | 84,41,000 shares |
RBM Infracon IPO offers total 23,25,000 shares. Out of which 11,04,000 (47.48%) allocated to NII, 11,04,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,17,000 (5.03%) |
| NII (HNI) Shares Offered | 11,04,000 (47.48%) |
| Retail Shares Offered | 11,04,000 (47.48%) |
| Total Shares Offered | 23,25,000 (100.00%) |
RBM Infracon IPO opens on December 23, 2022, and closes on December 27, 2022.
| IPO Open Date | Fri, Dec 23, 2022 |
| IPO Close Date | Tue, Dec 27, 2022 |
| Tentative Allotment | Fri, Dec 30, 2022 |
| Initiation of Refunds | Mon, Jan 2, 2023 |
| Credit of Shares to Demat | Tue, Jan 3, 2023 |
| Tentative Listing Date | Wed, Jan 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 27, 2022 |
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 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2115.97 | 3516.78 | -12.03 | 540.44 | 488.44 | 666.85 |
| 31-Mar-21 | 2333.62 | 3888.74 | -133.24 | 462.54 | 406.94 | 813.41 |
| 31-Mar-22 | 2503.6 | 4763.06 | 190.99 | 653.52 | 597.92 | 850.9 |
| 30-Jun-22 | 2450.29 | 1027.2 | 65.4 | 718.93 | 663.33 | 641.41 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of RBM Infracon IPO is ₹30.39 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.61 |
[Dilip Davda] Though the company’s recent performance raises eyebrows, its IPO pricing appears reasonable. With the order on hand worth Rs. 121 cr. and a letter of intent for a work contract for a period of 3 years from a Vedanta group company hold the key. Cash surplus investors may consider parking funds with a long-term perspective. Read detail review...
| Listing Date | January 4, 2023 |
| BSE Script Code | |
| NSE Symbol | RBMINFRA |
| ISIN | INE0NA301016 |
| Final Issue Price | ₹36 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹52.50 |
| Low | ₹49.90 |
| High | ₹55.10 |
| Last Trade | ₹55.10 |
RBM Infracon Ltd.
C/O Rahul Mani Tripathi Mb Complex,
Main Road,
Baitalpur,
Deoria, Uttar Pradesh, 274201
Phone: 0288-2710463
Email: info@rbminfracon.com
Website: http://www.rbminfracon.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
RBM Infracon IPO is a SME IPO of 23,25,000 equity shares of the face value of ₹10 aggregating up to ₹8.37 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on December 23, 2022, and closes on December 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 December 23, 2022 and closes on December 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 Tuesday, January 3, 2023. Check the RBM Infracon IPO allotment status.
The RBM Infracon IPO listing date is on Wednesday, January 4, 2023.
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