R M Drip & Sprinklers Systems Ltd IPO

Closed

Subscription Details

  • Open Date 19 Sep
  • Close Date 25 Sep
  • Lot Size 2000
  • IPO Size ₹ 11.46 Cr
  • IPO Price Range ₹ 57
  • Min Investment ₹ 114000

R M Drip & Sprinklers Systems Ltd IPO Timeline

Open Date
19 Sep
Close Date
25 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of R M Drip & Sprinklers Systems Ltd IPO

Contact Information

Address

Gat No.475 Village Gonde,
Taluka Sinnar,
Nashik, Maharashtra 422113

R M Drip & Sprinklers Systems Ltd IPO Lead Manager

Pantomath Capital Advisors Pvt Ltd
Open Demat Account