Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Thu, May 25, 2017 - Tue, May 30, 2017
Shri Ram Switchgears IPO is a fixed price issue of ₹5.07 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹5.07 crore.
Shri Ram Switchgears IPO bidding started from May 25, 2017 and ended on May 30, 2017. The shares got listed on NSE SME on Jun 7, 2017.
Shri Ram Switchgears IPO price is ₹19 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,28,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Shri Ram Switchgears IPO RHP for detailed Information.
IPO Open
Thu, May 25, 2017
IPO Close
Tue, May 30, 2017
Issue Price
₹19 per share
Market Cap (Pre-IPO)
₹19.02 Cr
| IPO Date | 25 to 30 May, 2017 |
| Listed on | Wed, Jun 7, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹19 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 26,70,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,38,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2622 Cr) |
| Fresh Issue (Ex Market Maker) | 25,32,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 25,32,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 73,40,565 shares |
| Share Holding Post Issue | 1,00,10,565 shares |
| NSE Symbol | SRIRAM |
| ISIN | INE634W01012 |
Shri Ram Switchgears IPO comprises a total issue size of 26,70,000 shares. The net offer to the public is 25,32,000 shares, after excluding 1,38,000 shares allotted on a firm basis. Of the Net offer 12,66,000 (50.00%) allocated to NII 12,66,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,66,000 | 50.00% | 47.42% |
| Retail Shares Offered | 12,66,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,38,000 | 5.17% | |
| Total Shares Offered | 26,70,000 | 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 | ₹1,14,000 |
| Retail (Max) | 1 | 6,000 | ₹1,14,000 |
| HNI (Min) | 2 | 12,000 | ₹2,28,000 |
Incorporated in 1985, Shri Ram Switchgears Limited is engaged in the engineering and manufacturing of Electrical products. They manufacture Transformers (EHV, Power, Distribution, and Special Application) upto 5 mVA - 132 kV Class as well as Oil Type Compact Sub-Stations.
They also manufacture full range of HT & LT switchgears from Distribution boards to Distribution Boxes, Control and Relay Panel, Feeder Pillars, ACB Boxes, Single Phase Boxes, MCB & MCCB panels, Junction Boxes, A.C./D.C. Boards and other related products. They undertake EPC contracts in the Power Transmission and Distribution sector covering the full range from design and engineering to testing and commissioning of electrical substations and transmission lines.
Company's customers are majorly the Power DISCOMs (Distribution Companies). They cover the states of Maharashtra, Rajasthan, Gujarat, Madhya Pradesh, Delhi, Odisha, Uttar Pradesh for supply of their products and services. Their customer base includes Maharashtra State Electricity Board- Mumbai, B.E.S.T. – Mumbai, Reliance Energy Ltd – Delhi & Mumbai, B.S.E.S. Ltd – Mumbai, Delhi & Orrisa etc.
| 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 | Working Capital Requirements including margin money | 4.67 |
| 2 | Issue Expenses | 0.40 |
The Shri Ram Switchgears IPO is subscribed [.] times on May 29, 2017 5:00:00 PM (Day 3). 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 |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrar, Market Maker, Bankers etc. | 0.30 |
| 2 | Regulatory Fees & Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹19.00 |
| Open | ₹22.80 |
| Low | ₹22.80 |
| High | ₹22.80 |
| Last Trade | ₹22.80 |
Lead Manager Reports
Shri Ram Switchgears IPO is a SME IPO of 26,70,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000.
The IPO opens on Thu, May 25, 2017, and closes on Tue, May 30, 2017.
Bigshare 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 Shri Ram Switchgears IPO using UPI as a payment gateway. Zerodha customers can apply in Shri Ram Switchgears IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shri Ram Switchgears IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shri Ram Switchgears IPO opens on Thu, May 25, 2017 and closes on Tue, May 30, 2017.
Shri Ram Switchgears IPO lot size is 6000, and the minimum amount required for application is ₹1,14,000.
You can apply in Shri Ram 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 Shri Ram Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shri Ram Switchgears IPO allotment status.
The Shri Ram Switchgears IPO listing date is on Wed, Jun 7, 2017.
