Ranjeet Mechatronics Ltd IPO

Closed

Subscription Details

  • Open Date 12 Sep
  • Close Date 17 Sep
  • Lot Size 6000
  • IPO Size ₹ 4.5 Cr
  • IPO Price Range ₹ 25
  • Min Investment ₹ 150000

Ranjeet Mechatronics Ltd IPO Timeline

Open Date
12 Sep
Close Date
17 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 18,00,000 equity shares of face value of Rs.10 each of Ranjeet Mechatronics Limited (ranjeet or the company or the issuer) for cash at a price of Rs. 25 per equity share including a share premium of Rs. 15 per equity share (the issue price) aggregating to Rs. 4.50 Crores (the issue), of which 96,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 25 per equity share including a share premium of Rs. 15 per equity share aggregating to Rs. 0.24 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of 17,04,000 equity shares of face value of Rs. 10 each at a price of Rs. 25 per equity share including a share premium of Rs.15 per equity share aggregating to Rs. 4.26 Crores is herein after referred to as the net issue. The issue and the net issue will constitute 27.27% and 25.82% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs. 25. The issue price is 2.5 times of the face value.

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 Ranjeet Mechatronics Ltd IPO

Contact Information

Address

Block A 407 4th Floor,
Anand Nagar Cross Road,
Ahmedabad, Gujarat 380015

Ranjeet Mechatronics Ltd IPO Lead Manager

Beeline Broking Ltd
Open Demat Account