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RBM Infracon IPO

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IPO Details

  • Open Date 23-Dec-23
  • Close Date 27-Dec-23
  • Lot Size 3000
  • IPO Size ₹ 8.37 Cr
  • IPO Price Range ₹ 36
  • Min Investment -
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

RBM Infracon IPO Subscription Status

Date NII Retail TOTAL
23-Dec-22 0.34x 1.05x 0.70x
26-Dec-22 0.86x 4.63x 2.75x
27-Dec-22 46.32x 34.32x 40.32x

IPO Synopsis

RBM Infracon IPO worth Rs. 8.37 crores open on 23rd December, and closes on 27th December. The issue comprises of fresh issue of 23,25,000 equity shares. The issue will be listed on NSE SME on 4th January while the shares will be allotted on 30th December. The company has fixed the price at Rs. 36 per shares while the lot size is set at 3000 shares per lot. The company is promoted by Mr. Jaybajrang Ramaishish Mani. Beeline Capital Advisors Pvt. Ltd. is the lead manager for the issue.

Objective of the Issue for RBM Infracon IPO

The net proceeds from the issue will be utilised towards: 

•    Meet working capital requirements.
•    General corporate purposes.
•    Meet public issue expenses.
 

About RBM Infracon

RBM Infracon is engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment for Oil & Gas Refineries, Gas Cracker Plants, Coal/Gas/WHR based Power Plants, Petrochemical, Chemicals, Cement, Fertilizers. The company is Class -I certified Boiler Repairer / Erector and System /Feed Line fabricator / Erector service provider.

It has executed around 14 Turnaround Shutdowns Job including Mega/Mini Shutdowns in Reliance Industries Limited, Nayara Energy Limited (Formerly Known as Essar Oil Limited) and Yara Fertilisers India Limited & HMEL-Bathinda. Recently, it has received letter of Intent from Malco Energy Limited (Part of Vedanta Group) worth ₹ 200 Crores for Operations and Maintenance of Metcoke Manufacturing Plant. Contract Tenure is for 3 years.

Know About: RBM Infracon IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue from operations 47.5 38.7 35.1
PAT 1.9 -1.3 -0.1
EPS (basic in Rs.) 3.1 -2.2 -0.2
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 21.2 23.3 25.0
Share Capital 0.6 0.6 0.5
Total Borrowings 8.5 8.1 6.7
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 0.8 0.4 0.8
Net cash from / (used in) investing activities -1.0 -0.6 -2.1
Net cash flow from / (used in) financing activities -0.2 1.4 1.1
Net increase (decrease) in cash and cash equivalents 0.4 0.4 -0.2

 


IPO Key Points

  • Strengths

    •    Strong project execution capabilities with Equipped with Adequate resources
    •    Cordial relations with Customers
    •    Large base of machines and equipment’s
    •    High growth opportunities in the infrastructure sector
     

  • Risks

    •    Competition from existing and new entities
    •    Reducing market demand and supply of its products/services
    •    Loss of any of the large Suppliers which the company is dependent on
    •    There are certain discrepancies and non-compliances noticed in some of its corporate records relating taxation authorities
    •    Does not own any of the immovable property used by the company and not certain about the period for which they are allowed to occupy.
     

How to apply for 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

IPO FAQs

What is the price band of the RBM Infracon IPO ?

The price band of the RBM Infracon IPO is set at Rs. 36 per share

When does the RBM Infracon IPO issue open and close?

The RBM Infracon IPO opens on 23rd December, and the closes on 27th December.

What is the size of RBM Infracon IPO issue?

The 8.37 crore IPO issue comprises of fresh issue of 23,25,000 equity shares.

What is the allotment date of RBM Infracon IPO?

The allotment date of of RBM Infracon IPO is set for 30th December.

What is the RBM Infracon IPO’s listing date?

The RBM Infracon IPO issue will be listed on 4th January.

What is the lot size and investment required for the RBM Infracon IPO?

The RBM Infracon IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000). 

What is the objective of the issue?

The net proceeds from the issue will be used for: 

•    Meet working capital requirements.
•    General corporate purposes.
•    Meet public issue expenses.
 

How to apply for the RBM Infracon IPO?

To apply for the IPO, follow the steps given below

•    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
 

Who are the promoters/key personnels of RBM Infracon?

RBM Infracon is promoted by Mr. Jaybajrang Ramaishish Mani.

Who are the book runners for RBM Infracon IPO?

Beeline Capital Advisors Pvt. Ltd. is the book running lead managers to the issue.

Contact Details of RBM Infracon IPO

Contact Information

RBM Infracon Limited

C/O Rahul Mani Tripathi Mb Complex,
Main Road, Baitalpur, 274201Phone: 0288-2710463
Email: info@rbminfracon.com
Website: http://www.rbminfracon.com/

RBM Infracon IPO Register

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/

RBM Infracon IPO Lead Manager

Beeline Capital Advisors Pvt Ltd