Business Standard

RMC Switchgears Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

4.15 cr

Price Range (₹)

27

Lot Size

4000

Min Investment (₹)

1,08,000.00

Listing Exchange

BSE - SME

Open Date

28-Feb-2017

Close Date

03-Mar-2017

Listing Date

14-Mar-2017

RMC Switchgears Ltd News

    The Shares of RMC Switchgears Ltd have now been listed.

    RMC Switchgears Ltd IPO Details

    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.

    Objective of issue

    To meet working capital requirement. General corporate purpose.

    RMC Switchgears Ltd Contact Details

    RMC Switchgears Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - info@rmcindia.in

    Website - www.rmcindia.in