Business Standard

R M Drip & Sprinklers Systems Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

11.46 cr

Price Range (₹)

57

Lot Size

2000

Min Investment (₹)

1,14,000.00

Listing Exchange

NSE - SME

Open Date

19-Sept-2017

Close Date

25-Sept-2017

Listing Date

04-Oct-2017

R M Drip & Sprinklers Systems Ltd News

    The Shares of R M Drip & Sprinklers Systems Ltd have now been listed.

    R M Drip & Sprinklers Systems Ltd IPO Details

    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.

    Objective of issue

    Funding the working capital requirements of the company. General corporate purpose.

    R M Drip & Sprinklers Systems Ltd Contact Details

    R M Drip & Sprinklers Systems Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@rmdrip.com

    Website - www.rmdrip.com