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R M Drip & Sprinklers Systems Ltd IPO (RMD IPO) Details

R M Drip & Sprinklers Systems Ltd IPO (RMD IPO) Details:

RM Drip & Sprinklers Systems Ltd was founded by it’s Promoter Director Vijay Kshirsagar. Organization initially worked as Component Manufacturer and Service Provider, to various micro irrigation companies. Later, however, it developed as a independent manufacturer of complete Micro Irrigation Systems. These activities started in small way in 1994, in the name of J. K. Industries and were continued by RM Drip, which was founded on 20th December 2004.

The company was initially engaged in the Job Work and later, evolved as OEM Supplier to Big Irrigation Companies.

RM Drip, designs and manufactures, micro irrigation equipment’s, In-house within its factory premises, situated at Sinnar, near Nashik. The company also assists farmers in designing and installation of their Sprinkler and Drip Irrigations Systems, according to their specific needs.

Company’s Dealer Network extends in Maharashtra, Madhyapradesh, Karnatka and Gujarat where Company is presently registered for Government Subsidy.

Objects of the Issue:

The object of the issue are to:

  1. Funding the working capital requirements of the company;
  2. General corporate purpose.
R M Drip & Sprinklers Systems Ltd IPO (RMD IPO) Details:
  1. Issue Open: September 19, 2017 – September 25, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 2,010,000 Equity Shares of Rs 10 aggregating up to Rs 11.46 Cr
  5. Issue Price: Rs 53 – Rs 57 Per Equity Share
  6. Market Lot: 2000 Shares
  7. Minimum Order Quantity: 2000 Shares
  8. Listing At: NSE SME

* To Be Updated

Book Running Lead Manager:

PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court, Bandra Kurla
Complex, Bandra East, Mumbai – 400 051
Tel: +91-22 6194 6725 Fax: +91-22 2659 8690
Email: ipo@pantomathgroup.com
Investor Grievance Id: ipo@pantomathgroup.com

REGISTRAR TO THE ISSUE:

BIGSHARE SERVICES PRIVATE LIMITED
Bharat Tin Workings Building, 1st Floor,
Opp. Vasant Oasis, Marol Maroshi Road,
Marol, Andheri- East, Mumbai – 400059.
Tel: 022 62638200 Fax: 022 62638299
Email: ipo@bigshareonline.com

Draft Red Herring Prospectus (DRHP) Of R M Drip & Sprinklers Systems Ltd IPO (RMD IPO):

R M Drip & Sprinklers Systems Ltd (RMD) IPO Prospectus

Red Herring Prospectus (RHP) Of R M Drip & Sprinklers Systems Ltd IPO (RMD IPO):

R M Drip & Sprinklers Systems Ltd (RMD) IPO Prospectus

R M Drip & Sprinklers Systems Ltd IPO (RMD IPO) Grey Market Premium (GMP):

Grey Market Premium (GMP) of R M Drip & Sprinklers Systems Ltd IPO (RMD IPO) is not active as of now.

R M Drip & Sprinklers Systems Ltd IPO (RMD IPO) Allotment and Listing Dates Schedule:

  • 19/Sep/17 – Bid/Offer Opening Date
  • 25/Sep/17 – Bid/Offer Closing Date
  • 28/Sep/17 – Finalisation of Basis of Allotment
  • 29/Sep/17 – Unblocking of Funds from ASBA Account
  • 29/Sep/17 – Credit of Equity Shares to Demat Account
  • 04/Oct/17 – Commencement of Trading on NSE/BSE

* To Be Updated

R M Drip & Sprinklers Systems Ltd IPO (RMD IPO) Allotment Status:

R M Drip & Sprinklers Systems Ltd (RMD) IPO Allotment Status : Click Here

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Keep watching this blog to keep yourself updated with all the news.

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