IPO Issue Details
Issue Price / Price Band₹27 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size15,36,000 shares (aggregating up to ₹4.15 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 28 Feb 2017
Subscription CloseFri, 03 Mar 2017
Anchor AllotmentMon, 27 Feb 2017
Basis of AllotmentThu, 09 Mar 2017
Initiation of RefundsFri, 10 Mar 2017
Credit of Shares to DematFri, 10 Mar 2017
Listing DateTue, 14 Mar 2017
UPI Mandate Deadline2017-03-03
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 4,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 8,000 shares
Net Offer to Public14,40,000 shares (aggregating up to ₹3.89 Cr)
Reserved for Market Maker96,000 shares (aggregating up to ₹0.2592 Cr
Pre-IPO Promoter Holding43,24,200 shares
Post-IPO Promoter Holding50,92,200 shares
Fresh Issue Shares6,72,000 shares (aggregating up to ₹1.81 Cr)
Offer for Sale Shares7,68,000 shares of ₹10 (aggregating up to ₹2.07 Cr)
About RMC Switchgears Ltd.
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 etcRMC 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
Objects of the Issue
RMC Switchgears Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
1.55
2
General Corporate Purpose
0.39
Shareholding & Lock-in
Pre-IPO Promoter Holding
43,24,200 shares
Post-IPO Promoter Holding
50,92,200 shares