IPO

R M Drip & Sprinklers Systems Ltd IPO

NSE SME

Offer Date: Sep 19, 2017 - Sep 25, 2017

₹ 212000 /4000 Shares
*Min Investment

19 Sep, 2017

Open Date

25 Sep, 2017

Close Date

29 Sep, 2017

Allotment Date

04 Oct, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 53 - Rs 57 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 20,10,000 Equity Shares of Rs 10 aggregating up to Rs 11.46 Cr
  • Listing at NSE SME
  • Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
  • Registrar Bigshare Services Pvt. Ltd
IPO Details
  • Retail Portion N/A
IPO Details


R M Drip & Sprinklers Systems Ltd IPO is an SME IPO, priced at Rs 53 - Rs 57 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 19, 2017 to Sep 25, 2017. The allotment is expected to be finalized on Sep 29, 2017, and the tentative listing date is Oct 4, 2017.


The registrar of the IPO is Bigshare Services Pvt. Ltd, and

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IPO Subscription Analysis And Details
Retail
0.99x
QIB
NaNx
NII
1.53x
Total
1.27x
As on QIB NII Retail Total
Shares Offered / Reserved - 9,50,000 9,50,000 19,00,000
Day 1 19-09-17
- x 0.41 x 0.25 x 0.33 x
Day 2 20-09-17
- x 0.47 x 0.37 x 0.42 x
Day 3 21-09-17
- x 0.51 x 0.50 x 0.51 x
Day 4 22-09-17
- x 0.52 x 0.56 x 0.54 x
Day 4 25-09-17
- x 1.53 x 0.99 x 1.27 x
Valuations
Earnings Per Share (EPS) Rs 2.03
P/E Ratio 28
RoNW 35.08%
Net Asset Value (NAV) Rs 13.25
IPO - Issue Objectives
1

Funding the working capital requirements of the company

2

General Corporate purpose