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Ranjeet Mechatronics IPO is a fixed price issue of Rs 4.50 crores.
Ranjeet Mechatronics IPO bidding started from September 12, 2018 and ended on September 17, 2018. The allotment for Ranjeet Mechatronics IPO was finalized on Friday, September 21, 2018. The shares got listed on BSE SME on September 26, 2018.
Ranjeet Mechatronics IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Beeline Broking Ltd is the book running lead manager of the Ranjeet Mechatronics IPO, while Alankit Assignments Ltd is the registrar for the issue.
Refer to Ranjeet Mechatronics IPO RHP for detailed information.
| IPO Date | September 12, 2018 to September 17, 2018 |
| Listing Date | September 26, 2018 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹4.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 96,000 shares |
Ranjeet Mechatronics IPO offers 1,800,000 shares. 852,000 (47.33%) to NII, 852,000 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 96,000 (5.33%) |
| Other Shares Offered | 852,000 (47.33%) |
| Retail Shares Offered | 852,000 (47.33%) |
| Total Shares Offered | 1,800,000 (100%) |
Ranjeet Mechatronics IPO opens on September 12, 2018, and closes on September 17, 2018.
| IPO Open Date | Wednesday, September 12, 2018 |
| IPO Close Date | Monday, September 17, 2018 |
| Basis of Allotment | Friday, September 21, 2018 |
| Initiation of Refunds | Tuesday, September 25, 2018 |
| Credit of Shares to Demat | Tuesday, September 25, 2018 |
| Listing Date | Wednesday, September 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 17, 2018 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| Lot Size Calculator | |||
Incorporated in 1949, Ahmedabad based Ranjeet Mechatronics Limited is a company engaged in the business of providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in installation, designing, commission, testing, implementation, management and operational support for security and fire solutions.
Some of the projects completed by the company are-
1. Chennai Metro Rail Pump House
2. Goa Shipyard Modernisation Project Phase- 3A
3. Medical College Sola, Ahmedabad
4. Kalpana Chawla Government Medical, College, Karnal Haryana
5. Vardhaman Institute of Medical
Science (VIMS) Project
The company has 27 employees on its payroll.
Competitive Strengths-
1. Over 2 decades of experience
2. Perfectly positioned to benefit from government's focus on infrastructure
3. Good track record of timely completion of projects
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 2,241.69 | 2,084.00 | 1,805.68 | 1,396.98 | 764.98 | |
| Total Revenue | 1,803.69 | 1,763.73 | 2,528.67 | 2,400.03 | 1,090.28 | |
| Profit After Tax | 91.31 | 50.95 | 16.08 | 4.90 | 3.09 | |
The objects of the Issue are-
1. Net Incremental Working Capital Requirement
2. General corporate Purpose
The details of proceeds of the Issue are-
Gross Proceeds from the Issue- Rs 450.00 lakhs
Less: Issue Related Expenses- Rs 38.00 lakhs
Net Proceeds- Rs 412.00 lakhs
The Net proceeds are proposed to be used in the following manner-
Working Capital Requirement- Rs 312.00 lakhs
General corporate Purpose- Rs 100.00 lakhs
Net Proceeds- Rs 412.00 lakhs
[Dilip Davda]
Issue is priced aggressively. This sector is not doing well as expressed by its peer. Sudden jump in bottom line with static top line for FY17 and 18 is a bit surprising. Considering this, risk savvy cash surplus investors may consider investment at their own risk.
Read detail review...The Ranjeet Mechatronics IPO is subscribed 69.75 times on September 17, 2018 6:29:02 PM. The public issue subscribed 62.03 times in the retail category, times in the QIB category, and 77.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 77.48 |
| Retail | 62.03 |
| Total | 69.75 |
| Listing Date | September 26, 2018 |
| BSE Script Code | 541945 |
| NSE Symbol | |
| ISIN | INE01A501019 |
| Final Issue Price | ₹25 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹25.00 |
| ₹27.50 |
| ₹27.50 |
| ₹28.85 |
| ₹28.85 |
Ranjeet Mechatronics Limited
Block A, 407 - 4th Floor
Dev Aurum, Anand Nagar Cross Road
Prahladnagar Road, Ahmedabad - 380 015
Phone: 079 - 4000 9390
Email: cs.compliance@ranjeet.co.in
Website: http://www.ranjeet.co.in/
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: ipo@alankit.com
Website: http://ipo.alankit.com/
SME Company Owners
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Check our SME IPO Guide 
Ranjeet Mechatronics IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 12, 2018, and closes on September 17, 2018.
Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ranjeet Mechatronics IPO opens on September 12, 2018 and closes on September 17, 2018.
Ranjeet Mechatronics IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in Ranjeet Mechatronics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ranjeet Mechatronics IPO will be done on Friday, September 21, 2018, and the allotted shares will be credited to your demat account by Tuesday, September 25, 2018. Check the Ranjeet Mechatronics IPO allotment status.
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