Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Tue, Feb 28, 2017 - Fri, Mar 3, 2017
RMC Switchgears IPO is a fixed price issue of ₹4.15 crores. The issue is a combination of fresh issue of 0.08 crore shares aggregating to ₹2.07 crores and offer for sale of 0.08 crore shares aggregating to ₹2.07 crores.
RMC Switchgears IPO bidding started from Feb 28, 2017 and ended on Mar 3, 2017. The shares got listed on BSE SME on Mar 14, 2017.
RMC Switchgears IPO price is ₹27 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Securities Ltd..
Refer to RMC Switchgears IPO RHP for detailed Information.
IPO Open
Tue, Feb 28, 2017
IPO Close
Fri, Mar 3, 2017
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹13.75 Cr
| IPO Date | 28 Feb to 3 Mar, 2017 |
| Listed on | Tue, Mar 14, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,36,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Securities Ltd. (agg. up to ₹0.2592 Cr) |
| Fresh Issue (Ex Market Maker) | 6,72,000 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 7,68,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 14,40,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 43,24,200 shares |
| Share Holding Post Issue | 50,92,200 shares |
| BSE Script Code | 540358 RMC |
| ISIN | INE655V01019 |
RMC Switchgears IPO comprises a total issue size of 15,36,000 shares. The net offer to the public is 14,40,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 7,20,000 (50.00%) allocated to NII 7,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,20,000 | 50.00% | 46.88% |
| Retail Shares Offered | 7,20,000 | 50.00% | 46.88% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 6.25% | |
| Total Shares Offered | 15,36,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Incorporated in 1994, RMC Switchgears Limited is Jaipur Rajasthan based manufacturer for electrical enclosures. Company manufactures all types of enclosures in Sheet Molded Compound, Deep Drawn, Fabricated , Polycarbonate under one roof.
Company uses ultra modern automatic machineries from USA, Japan, Germany and Korea to achieve the best quality and uniformity at manufacturing facilities spread over an area of 8 Lac Sq ft.
RMC is approved vendors for all the state electricity utilities. Company are also approved vendors for the large corporate of India viz. Tatas, L& T, NCC, KEI, IRCON, Drake & Scull etc
RMC have in-house Research and Development Centre with Tool Room which helps the company to make the desired enclosure moulds within small time frame.
RMC received ISO 9001:2008 certification on the quality management system.
RMC Strengths:
• Large & Diverse Product Portfolio
• Quality of the products gives a market edge for most of the suppliers
• Integrated manufacturing facility
• Established relationship with institutional customers
• Experienced Promoter and skilled workforce
• Manufacturing of SMC enclosures, demand for which is continuously rising
• The company has well knit marketing network
| 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 | 1.55 |
| 2 | General Corporate Purpose | 0.39 |
The RMC Switchgears IPO is subscribed [.] times on March 3, 2017 7:20:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 7,20,000 | |
| Retail | [.] | 7,20,000 | |
| Total | [.] | 14,40,000 | 3,57,88,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Bankers etc, advertisement expenses and other out of pocket expenses | 0.16 |
| 2 | Printing and Stationery and expenses relating to Registrar | 0.04 |
| 3 | Regulatory fees and other Statutory expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹29.50 |
| Low | ₹29.00 |
| High | ₹32.40 |
| Last Trade | ₹32.40 |
Lead Manager Reports
RMC Switchgears IPO is a SME IPO of 15,36,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Feb 28, 2017, and closes on Fri, Mar 3, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in RMC Switchgears IPO using UPI as a payment gateway. Zerodha customers can apply in RMC Switchgears IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RMC Switchgears IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RMC Switchgears IPO opens on Tue, Feb 28, 2017 and closes on Fri, Mar 3, 2017.
RMC Switchgears IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in RMC Switchgears 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 RMC Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the RMC Switchgears IPO allotment status.
The RMC Switchgears IPO listing date is on Tue, Mar 14, 2017.
