RMC Switchgears Ltd IPO

Closed

Subscription Details

  • Open Date 28 Feb
  • Close Date 03 Mar
  • Lot Size 4000
  • IPO Size ₹ 4.15 Cr
  • IPO Price Range ₹ 27
  • Min Investment ₹ 108000

RMC Switchgears Ltd IPO Timeline

Open Date
28 Feb
Close Date
03 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Initial public offer of 15,36,000 equity shares of face value of Rs. 10 each (equity shares) of RMC Switchgears Limited (company or issuer) for cash at a price of Rs. 27 per equity share (including a share premium of Rs. 17 per equity share) (issue price) aggregating to Rs.4.15 crores (issue ) consisting of a fresh issue of 7,68,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 27 per equity share aggregating to Rs. 2.07 crores (issue) and 7,68,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 27 per equity share aggregating to Rs. 2.07 crores through an offer for sale by Mr. Ankit Agrawal, Mr. Ashok Kumar Agarwal, Mrs. Parwati Bai Agarwal, Mrs. Santosh Agarwal, M/s Vitthal Das Agrawal HUF, M/s. Ashok Kumar Agarwal HUF and Argent Leasing & Finance Private Limited (collectively referred as selling shareholders including promoters) of which 96,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 27 per equity share, aggregating to Rs. 0.26 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 14,40,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 27 per equity share aggregating to Rs. 3.89 crores (Net Issue). The issue and the net issue will constitute 30.16% and 28.28%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 27 The issue price is 2.7 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 RMC Switchgears Ltd IPO

Contact Information

Address

7 KM From Chaksu KhotkawdaRoad,
Tehsil Chaksu Tonk Road,
Jaipur, Rajasthan 303901

RMC Switchgears Ltd IPO Lead Manager

Hem Securities Ltd
Open Demat Account