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R M Drip & Sprinklers Systems Ltd IPO (R M Drip IPO) Detail

Sep 19, 2017 - Sep 25, 2017

Incorporated in 2004, R M Drip & Sprinklers System Ltd (RMD) is engaged in manufacture and sale of Micro Irrigation System (MIS) consisting of drip irrigation system and sprinkler irrigation system along with its components, irrigation accessories and allied products.

RM Drip designs and manufactures, world class micro irrigation equipment's, In-house within its factory premises, situated at Sinnar, near Nashik. The company also assists farmers in designing and installation of their Sprinkler and Drip Irrigations Systems, according to their specific needs.

RMD’s revenue mix comprises of open market and project market models. Majority of its revenue comes from open market with the help of channel partners. RMD operates in states of Maharashtra, Gujarat, Karnataka and MP. Company’s product range include HDPE Pipes, Pipes Fittings and Irrigation Equipments including drip/sprinkler systems, Disc filters, Screen filters, Hydro-Cyclone filters, Sand (Gravel) filters, Compression fittings, valves (Electric & Mechanical), Fertilizer Tanks etc.

Company Promoters:

The promoters of the company are:

1. Vijaykumar Kshirsagar
2. Shubhangi Kshirsagar
3. Arjun Makani

Objects of the Issue:

The object of the issue are to:

1. Funding the working capital requirements of the company;
2. General corporate purpose.

Issue Detail:

  »»  Issue Open: Sep 19, 2017 - Sep 25, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 2,010,000 Equity Shares of Rs 10 aggregating up to Rs 11.46 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 53 - Rs 57 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

R M Drip IPO Reviews:

  1. R M Drip & Sprinklers Systems Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Sep 19, 2017 17:00 IST0388000238000626000
Day 2 - Sep 20, 2017 17:00 IST0442000356000798000
Day 3 - Sep 21, 2017 17:00 IST0484000478000962000
Day 4 - Sep 22, 2017 17:00 IST04920005360001028000
Day 5 - Sep 25, 2017 17:00 IST014580009480002406000

R M Drip IPO Prospectus

R M Drip IPO Rating

32
3.3
Rating:Rated 3.3 stars

Vote Here ...

R M Drip IPO News Alerts

  1. Monday, September 25, 2017 12:00:00 AM
    R M Drip & Sprinklers Systems Ltd IPO - Close
  2. Tuesday, September 19, 2017 12:00:00 AM
    R M Drip & Sprinklers Systems Ltd IPO - Open

Company Contact Information

R M Drip & Sprinklers Systems Ltd
Gat No.475 Village Gonde,
Taluka Sinnar,
Nashik - 422113
Phone: +91-2551-218919
Fax: NA
Email: info@rmdrip.com
Website: http://www.rmdrip.com

R M Drip IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

R M Drip IPO Lead Manager(s)

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R M Drip IPO Review / Comments

avatar
7. GoldRain  Sep 25, 2017 5:07:29 PM IST I Like It. 1 | Report Abuse Reply
This is definately overpriced looking at company prospect though. Good to have ..wait for listing then can add in portfolio.
avatar
6. Rafiq  Sep 20, 2017 9:39:00 PM IST I Like It. 1 | Report Abuse Reply
Hi friends,

This company has good prospects. Check news paper smart investment suggests for long term and chanakya ni pothi has advised that if you have surplus then apply.

My personal view is to apply as its products are related to agricultural and irrigation which is boom for this year due to good rain season this year.

IPO Current Issues
Initial Public OfferingActive IssuesForthcoming IssuesPast IssuesPast Issues - Prior to 01-JAN-2016
Back
Bid Details for RMDRIP as on 20-Sep-2017 17:00:01 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      4,42,000
2(a)      Corporates      1,18,000
2(b)      Individuals(Other than RIIs)      3,24,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      3,56,000
3(a)      Cut Off      2,44,000
3(b)      Price bids      1,12,000
Total      7,98,000
avatar
6.1. MNK  Sep 22, 2017 12:24:30 AM IST I Like It. 2 | Report Abuse
I dont think so that only good rain will boom this company.
avatar
5. JavedPatel  Sep 20, 2017 12:45:59 PM IST I Like It. | Report Abuse Reply
Apply or Avoid
avatar
4. Rafiq  Sep 19, 2017 6:04:11 PM IST I Like It. 2 | Report Abuse Reply

Bid Details for RMDRIP as on 19-Sep-2017 17:20:01 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      3,88,000
2(a)      Corporates      1,18,000
2(b)      Individuals(Other than RIIs)      2,70,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      2,38,000
3(a)      Cut Off      1,92,000
3(b)      Price bids      46,000
Total      6,26,000
avatar
3. SecTheta  Sep 13, 2017 7:35:55 AM IST I Like It. | Report Abuse Reply
Fully priced issue. Better to try other better IPOs.
avatar
3.4. DarkHorse  Sep 13, 2017 4:33:43 PM IST I Like It. | Report Abuse
what about sagar diamonds?
avatar
3.5. SecTheta  Sep 13, 2017 4:40:03 PM IST I Like It. | Report Abuse
Looks strange. Can''t comment much. :)
avatar
2. NPP  Sep 13, 2017 10:57:47 AM IST I Like It. 2 | Report Abuse Reply
Price is much more , Reasonable issue price should be around 35 to 40 maximum , Company''s product is good ,Future seems better , Only price seems high ..
avatar
1. drimran  Sep 12, 2017 9:16:36 PM IST I Like It. | Report Abuse Reply
apply or not
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