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RMC Switchgears Limited IPO (RMC Switchgears IPO) Detail

Feb 28, 2017 - Mar 3, 2017

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Incorporated in 1994, RMC Switchgears Limited is Jaipur Rajasthan based manufacturer for electrical enclosures. Company manufactures all types of enclosures in Sheet Molded Compound, Deep Drawn, Fabricated , Polycarbonate under one roof.

Company uses ultra modern automatic machineries from USA, Japan, Germany and Korea to achieve the best quality and uniformity at manufacturing facilities spread over an area of 8 Lac Sq ft.

RMC is approved vendors for all the state electricity utilities. Company are also approved vendors for the large corporate of India viz. Tatas, L& T, NCC, KEI, IRCON, Drake & Scull etc

RMC have in-house Research and Development Centre with Tool Room which helps the company to make the desired enclosure moulds within small time frame.

RMC received ISO 9001:2008 certification on the quality management system.

RMC Strengths:

• Large & Diverse Product Portfolio
• Quality of the products gives a market edge for most of the suppliers
• Integrated manufacturing facility
• Established relationship with institutional customers
• Experienced Promoter and skilled workforce
• Manufacturing of SMC enclosures, demand for which is continuously rising
• The company has well knit marketing network

Company Promoters:

Mr. Ashok Kumar Agarwal, Mr. Ankit Agrawal & Mrs. Neha Agrawal are the promoters of the company.

Objects of the Issue:

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Issue Detail:

  »»  Issue Open: Feb 28, 2017 - Mar 3, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,536,000 Equity Shares of Rs 10 aggregating up to Rs 4.15 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 27 Per Equity Share
  »»  Market Lot: 4000 Shares
  »»  Minimum Order Quantity: 4000 Shares
  »»  Listing At: BSE SME

RMC Switchgears IPO Reviews:

  1. RMC Switchgears Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeTotal
Shares Offered / Reserved1,536,000
Day 1 - Feb 28, 2017 17:00 IST144,000
Day 2 - Mar 1, 2017 19:30 IST1,644,000
Day 3 - Mar 2, 2017 17:10 IST4,392,000
Day 4 - Mar 3, 2017 19:20 IST35,788,000

RMC Switchgears IPO Prospectus

RMC Switchgears IPO Rating

113
4.1
Rating:Rated 4.1 stars

Vote Here ...

RMC Switchgears IPO Listing Date

  •   ›  Listing Date: Tuesday, March 14, 2017
  •   ›  BSE Script Code: 540358
  •   ›  NSE Symbol:
  •   ›  Listing In: 'M' Group of Securities
  •   ›  ISIN: INE655V01019
  •   ›  Issue Price: Rs. 27.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE SME
Issue Price:Rs. 27.00
Open:Rs. 29.50
Low:Rs. 29.00
High:Rs. 32.40
Last Trade:Rs. 32.40
Volume:1,000,000

RMC Switchgears IPO News Alerts

  1. Tuesday, March 14, 2017 12:00:00 AM
    RMC Switchgears Limited IPO - Listing
  2. Friday, March 3, 2017 12:00:00 AM
    RMC Switchgears Limited IPO - Close
  3. Tuesday, February 28, 2017 12:00:00 AM
    RMC Switchgears Limited IPO - Open

Company Contact Information

RMC Switchgears Limited
7 KM. from Chaksu, Khotkawda Road,
Village Badodiya, Tehsil Chaksu,
Tonk Road, Jaipur-303901
Phone: +91-141-4031516
Fax:
Email: cs@rmcindia.in
Website: http://www.rmcindia.in/

RMC Switchgears IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: rmc.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

RMC Switchgears IPO Lead Manager(s)

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RMC Switchgears IPO Review / Comments

avatar
31. AKMP  Mar 12, 2017 9:49:04 PM IST I Like It. | Report Abuse Reply
Any premium
avatar
30. niceplaywins  Mar 10, 2017 8:48:37 PM IST I Like It. | Report Abuse Reply
good to see you active after long time jonam sir,,,,,,,,,please participate as much as possible,
your advice is often very helpful
avatar
29. Dharmesh bhai  Mar 9, 2017 11:44:02 AM IST I Like It. | Report Abuse Reply
Rmc allotment on linktime is under the name prakash and sons
Any one can check
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29.1. NPT  Mar 9, 2017 1:11:54 PM IST I Like It. | Report Abuse
Any reason for naming it as Prakash and Sons.
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28. Dharmesh bhai  Mar 9, 2017 11:43:54 AM IST I Like It. | Report Abuse Reply
Rmc allotment on linktime is under the name prakash and sons
Any one can check
avatar
27. Smiter  Mar 9, 2017 11:36:12 AM IST I Like It. | Report Abuse Reply
Email from BSE for Allotment...zero ...but not showing on linkintime website...
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26. Bhargavu  Mar 9, 2017 11:34:28 AM IST I Like It. | Report Abuse Reply
Premium ?
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25. Bhargavu  Mar 9, 2017 11:33:05 AM IST I Like It. | Report Abuse Reply
I apply 5 application in Rmc got 1 allotment
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24. Bharat m patel  Mar 9, 2017 9:23:43 AM IST I Like It. | Report Abuse Reply
allotement today and listing date.15th march
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24.1. sunil nath d  Mar 9, 2017 9:54:35 AM IST I Like It. 1 | Report Abuse
Where do we find allotment details
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24.2. jagadish abbigeri  Mar 11, 2017 3:44:48 PM IST I Like It. | Report Abuse
Bharath, where u find listing date?
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23. Udaykumar  Mar 7, 2017 8:44:13 PM IST I Like It. | Report Abuse Reply
Friends, any idea about refund/allotment/listing date? Plz share.
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23.1. NPT  Mar 8, 2017 7:19:38 AM IST I Like It. | Report Abuse
May be on or before 10th March.
I had read it somewhere but not able to find it now.
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23.2. lakshya agg  Mar 8, 2017 4:40:15 PM IST I Like It. | Report Abuse
friday refund

tuesday listing
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22. Allan  Mar 6, 2017 8:43:41 AM IST I Like It. | Report Abuse Reply
How do I tell, How many times is this oversubscribed
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22.1. Allan  Mar 6, 2017 9:12:13 AM IST I Like It. | Report Abuse
Total bids/no of shares = 23 times....is that correct
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21. RAAZ GANGWAR  Mar 4, 2017 4:49:32 PM IST I Like It. | Report Abuse Reply
What is the mean of circuit and also tell total subscription and listing date
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20. AKMP  Mar 3, 2017 6:27:32 PM IST I Like It. 1 | Report Abuse Reply
IPO size 1536000 shares
Retail 50% so appro. 770000 share
Subscription 7.20pm
At 27 29904000( assuming all non retail) subscription hni 38 to 39 times
At cut off 5884000 so retail closer to 8 times
This is just rough calculation
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19. NPT  Mar 3, 2017 4:54:32 PM IST I Like It. | Report Abuse Reply
Dear Admin,
Bidding status given you above and the status available at BSE SME platform differs significantly.
Please check the same and advise us suitably.
Thanks.
avatar
19.1. Forum Modulator  Mar 3, 2017 6:30:43 PM IST I Like It. | Report Abuse
Dear NPT,

We have checked the detail and it looks fine to us. Could you please let us know which data is wrongly showing on our site. Thanks
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19.2. NPT  Mar 3, 2017 6:58:00 PM IST I Like It. | Report Abuse
Thanks, Admin for updating the Day 4 information of RMC bidding.
I was confused with Day 3 as posted above with 3rd March.
It''s ok.
avatar
19.3. jonam  Mar 4, 2017 2:43:35 PM IST I Like It. | Report Abuse
As per BSE :

Actual figure is 2,99,04,000 as cut qty is included in this already. Issue subscribed 20.70 times
This can be verified by the Superfine Knitters details as below:

Bid and Quantity for SUPER FINE KNITTERS LIMITED
At BSE
Last updated on
1/24/2017 11:20:34 PM
Price ()      Quantity
12.00      8,26,00,000
Cut-off      1,99,30,000
Total      10,25,30,000

Basis of allotment:

SUBSCRIPTION DETAILS

The Issue has received 4715 applications for 8,25,90,000 Equity Shares resulting in 24.29 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows:

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19.4. SONMAYA  Mar 4, 2017 5:57:36 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
Dear Jonam. from where u got basis of allotment...kdly. give site address....Thanks.in.advance
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19.5. jonam  Mar 5, 2017 8:08:51 AM IST I Like It. | Report Abuse
Basis of Allotement can be seen here:

http://www.capitalmarket.com/IPO/Closed-IPO
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19.6. SONMAYA  Mar 5, 2017 9:34:21 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
Dear..jonam..sir...Thanks fr prompt early reply
avatar
19.7. niceplaywins  Mar 10, 2017 8:41:39 PM IST I Like It. | Report Abuse
good to see you active after long time jonam sir,,,,,,,,,please participate as much as possible,
your advice is often very helpful
avatar
18. raj aggarwal  Mar 3, 2017 3:42:07 PM IST I Like It. | Report Abuse Reply
any premium on RMC
avatar
17. raj aggarwal  Mar 3, 2017 3:37:01 PM IST I Like It. | Report Abuse Reply
hello everyone
plz confirlm final subscription data and listing date of RMC
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16. CA nkn  Mar 3, 2017 1:25:35 PM IST I Like It. | Report Abuse Reply
good company - good price PE-10 approx
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15. Sps  Mar 3, 2017 11:53:14 AM IST I Like It. | Report Abuse Reply
EXPERT ADVICE THIS SME IPO KAISA HE APPLY KARNA CHAHIYE YA NAHI.
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14. Rajiv Kumar Singh RKS  Mar 3, 2017 11:15:53 AM IST I Like It. | Report Abuse Reply
Very good ipo today last day. Apply it will break all records 20% Circuit
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14.1. lakshya agg  Mar 3, 2017 11:22:27 AM IST I Like It. 3 | Report Abuse
beta 20% circuit bse per apke chacha lagaige ya apke papa

5% circuit hai
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14.2. Pappi  Mar 3, 2017 1:20:15 PM IST I Like It. 3 | Report Abuse
Lakshaya Circuit is 20% Please read Draft before making comments. U r making fool of Urself. Bse/Nse they don''t decide Circuit we hav certain parameters for that
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13. Rajiv Kumar Singh RKS  Mar 2, 2017 10:45:16 PM IST I Like It. | Report Abuse Reply
Apply this ipo even I am considering to apply as will give good return. Lead banker Hem has great past record.
avatar
12. Pappi  Mar 2, 2017 6:04:55 PM IST I Like It. | Report Abuse Reply
Apply good company
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