IPO

R M Drip & Sprinklers Systems Ltd IPO

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Initial public offer consisting of fresh issue 20,10.000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 57 per equity share (the issue price) (including a share premium of Rs. 47 per equity share) aggregating up to Rs. 11.46 crores (the issue), of which upto 1,10,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 57/- per equity share, aggregating Rs. 0.63/- crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 19,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 57/- per equity share, aggregating Rs. 10.83 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 30.04% and 28.40% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of equity share is Rs.10 each. The issue price is Rs.57 and is 5.7 times the face value of the equity shares.

R M Drip & Sprinklers Systems Ltd IPO Subscription Details

Company

R M Drip & Sprinklers Systems Ltd

Issue Type

Book Building - SME

Open Date

19 Sep

Close Date

25 Sep

Offer Price

57.00

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

R M Drip & Sprinklers Systems Ltd IPO Frequently Asked Questions

Stove Kraft Ltd, kitchen appliances manufacturer is coming up with its Initial public Offerings on January 25 with the public issue comprising a fresh issue size of ₹412.63Cr.

You can apply for the Stove Kraft IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

Stove Kraft IPO will open on January 25, 2021.

Stove Kraft IPO Lot size is 38 equity shares, that means you can apply for one lot consisting 38 equity shares.

Shares of Stove Kraft will be getting allotted on 02nd February,2021.

Stove Kraft Shares will be getting listed on 05 February, 2021.

Here is the minimum investment calculation of Stove Kraft IPO
Lot size – 38 * Issue Price ₹385 = ₹14,630
Hence the minimum investment amount required to invest in Stove Kraft IPO is ₹14,630. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for Stove Kraft IPO is ₹14,630


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Contact Details of R M Drip & Sprinklers Systems Ltd IPO

Company Contact Information

R M Drip & Sprinklers Systems Ltd IPO
Gat No.475 Village Gonde,
Taluka Sinnar,
Nashik, Maharashtra 422113.

Phone: 91-2551-218919
Email: info@rmdrip.com

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R M Drip & Sprinklers Systems Ltd IPO Lead Manager(s)

  • Pantomath Capital Advisors Pvt Ltd

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