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Shri Ram Switchgears Limited IPO (Shri Ram Switchgears IPO) Detail

May 25, 2017 - May 30, 2017

Incorporated in 1985, Shri Ram Switchgears Limited is engaged in the engineering and manufacturing of Electrical products. They manufacture Transformers (EHV, Power, Distribution, and Special Application) upto 5 mVA - 132 kV Class as well as Oil Type Compact Sub-Stations.

They also manufacture full range of HT & LT switchgears from Distribution boards to Distribution Boxes, Control and Relay Panel, Feeder Pillars, ACB Boxes, Single Phase Boxes, MCB & MCCB panels, Junction Boxes, A.C./D.C. Boards and other related products. They undertake EPC contracts in the Power Transmission and Distribution sector covering the full range from design and engineering to testing and commissioning of electrical substations and transmission lines.

Company's customers are majorly the Power DISCOMs (Distribution Companies). They cover the states of Maharashtra, Rajasthan, Gujarat, Madhya Pradesh, Delhi, Odisha, Uttar Pradesh for supply of their products and services. Their customer base includes Maharashtra State Electricity Board- Mumbai, B.E.S.T. – Mumbai, Reliance Energy Ltd – Delhi & Mumbai, B.S.E.S. Ltd – Mumbai, Delhi & Orrisa etc.

Company Promoters:

The promoters of the company are:

1. Mr. Nilesh Kumar Jhalani
2. Mr. Rohit Kumar Jhalani and
3. Mr. Devraj Jhalani

Objects of the Issue:

The objects of the Issue are:

1. To meet the working capital requirements of the Company including margin money;
2. Issue Expenses.

Issue Detail:

  »»  Issue Open: May 25, 2017 - May 30, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,670,000 Equity Shares of Rs 10 aggregating up to Rs 5.07 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 19 Per Equity Share
  »»  Market Lot: 6000 Shares
  »»  Minimum Order Quantity: 6000 Shares
  »»  Listing At: NSE SME

Shri Ram Switchgears IPO Reviews:

  1. Shri Ram Switchgears Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - May 25, 2017 17:00 IST09960002280001224000
Day 2 - May 26, 2017 17:00 IST013020008760002178000
Day 3 - May 29, 2017 17:00 IST025200001720800019728000

Shri Ram Switchgears IPO Prospectus

Shri Ram Switchgears IPO Rating

165
3.8
Rating:Rated 3.8 stars

Vote Here ...

Shri Ram Switchgears IPO Listing Date

  •   ›  Listing Date: Wednesday, June 7, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SRIRAM
  •   ›  Listing In:
  •   ›  ISIN: INE634W01012
  •   ›  Issue Price: Rs 19 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

NSE SME
Issue Price:Rs 19.00
Open:Rs 22.80
Low:Rs 22.80
High:Rs 22.80
Last Trade:Rs 22.80
Volume:66,000

Shri Ram Switchgears IPO News Alerts

  1. Wednesday, June 7, 2017 12:00:00 AM
    Shri Ram Switchgears Limited IPO - Listing
  2. Tuesday, May 30, 2017 12:00:00 AM
    Shri Ram Switchgears Limited IPO - Close
  3. Thursday, May 25, 2017 12:00:00 AM
    Shri Ram Switchgears Limited IPO - Open

Company Contact Information

Shri Ram Switchgears Limited
Shri Ram Bhawan,
Goushala Road,
Ratlam, Madhya Pradesh - 457001
Phone: +91 7412 235554
Fax: +91 7412 231095
Email: info@shriramswitchgears.com
Website: http://www.shriramswitchgears.com

Shri Ram Switchgears 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

Shri Ram Switchgears IPO Lead Manager(s)

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Shri Ram Switchgears IPO Review / Comments

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96. ARATII  Jun 27, 2017 10:41:17 AM IST I Like It. | Report Abuse Reply
SHORT AT RS 265
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95. Hritesh  Jun 20, 2017 12:45:41 PM IST I Like It. | Report Abuse Reply
Why is prices so low. where as it was oversubscribed so huge
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94. CA M&co.Jodhpur  Jun 6, 2017 10:39:29 AM IST I Like It. 4 | Report Abuse Reply
Good opening expected
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94.2. Mohammad Hirani  Jun 14, 2017 3:41:56 PM IST I Like It. | Report Abuse
Amy short term target in current scenario??
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94.3. Mohammad Hirani  Jun 15, 2017 3:04:28 PM IST I Like It. | Report Abuse
Sir plz tell any target for short term, shouldI hold or sell it??
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93. Mohammad Hirani  Jun 14, 2017 3:40:53 PM IST I Like It. | Report Abuse Reply
Any short term target???
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92. DHARMESH M VIRADIYA  Jun 8, 2017 11:17:05 PM IST I Like It. | Report Abuse Reply
Any short time target ???
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91. Yashesh  Jun 5, 2017 9:48:30 AM IST I Like It. | Report Abuse Reply
Listing date is Wednesday, 7th June.
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91.1. HARDIK BABARIA  Jun 5, 2017 5:01:32 PM IST I Like It. | Report Abuse
from which site we can see this?
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90. Prabhakaran Kuppusamy  May 24, 2017 3:07:12 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Pros:
Stock is available at discount PE of 9.8 vs industry PE of 28.
Lead by Sarthi and past record for Sarthi is good.
Book is getting stronger every year.
Cons:
As the company grows, its debt and liability is also growing in same proportion.
Stagnated debt/equity ratio of 2.9 at present.
Cash-flow is negative every alternate year.
ROE is at PAR (9.59%) which is equivalent to the return from senior-citizen FD.
Slightly positive:
The PE of 9.8 is calculated using (11 month figures of) current fiscal. If we calculate the same using previous fiscal numbers, then it will become ~16
Looking at past 4 years (excluding current fiscal - whose final numbers are not out yet), there isn''t much left on the table.
Being a small issue (5 Crore), there would be lot of demand for this IPO and also there is big hope that the final numbers of current fiscal will be outstanding, thereby raising this script higher.
I''m neutral on this IPO with slightly positive stance.
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90.4. Prabhakaran Kuppusamy  May 30, 2017 2:12:35 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Hi NPT, this D/E of 2.9 is based on last fiscal (till march 2016) numbers.
I don''t have exact figures for this (partial) fiscal.
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90.5. Yashesh  Jun 5, 2017 12:37:43 PM IST I Like It. | Report Abuse
This has made me worried, Prabhakaran. My view is this would turn to be a great return, expecting at least 50% upside. What would you say?
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89. K  Jun 3, 2017 10:27:52 AM IST I Like It. | Report Abuse Reply
REFUND DATE???
TODAY???
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89.1. DarkHorse  Jun 5, 2017 10:58:42 AM IST I Like It. | Report Abuse
which bank?
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88. DarkHorse  Jun 5, 2017 10:45:59 AM IST I Like It. | Report Abuse Reply
Anyone applied through icici got their money refund??
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87. Naresh Goswami  Jun 3, 2017 9:30:14 PM IST I Like It. | Report Abuse Reply
Which price will expect on listing date
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87.1. Yashesh  Jun 5, 2017 9:48:57 AM IST I Like It. | Report Abuse
It is most likely to open at circuit limit of 20%
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86. papon  Jun 3, 2017 2:44:24 PM IST I Like It. 1 | Report Abuse Reply
Account debited Rs 114000 today, fund unlien also done for unsuccessful applications, union bank
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86.8. jagadish abbigeri  Jun 4, 2017 6:56:41 PM IST I Like It. | Report Abuse
Where u find listing date, Link Plz....
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86.9. papon  Jun 4, 2017 8:22:30 PM IST I Like It. | Report Abuse
As per SEBI rules it is mandatory to get list on 6th working day after issues closes. So 7th June is 6th working day after issue closes on 30/5/17.
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85. CA M&co.Jodhpur  Jun 4, 2017 4:59:56 PM IST I Like It. | Report Abuse Reply
Next SME IPO ?
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84. Komall  Jun 3, 2017 1:50:22 PM IST I Like It. 1 | Report Abuse Reply
0 out of 11 :( :(
Bad luck.. Not getting SME allotment !!
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83. suraj kumar patro  Jun 2, 2017 11:18:53 PM IST I Like It. | Report Abuse Reply
How do I know , I got the alotemen or not
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83.1. papon  Jun 3, 2017 4:40:21 AM IST I Like It. | Report Abuse
Go to bigshare website, search by pan or application no or client Id , its simple
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82. Yash Modi  Jun 3, 2017 12:05:04 AM IST I Like It. | Report Abuse Reply
0 out of 4
Bad luck
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81. papon  Jun 2, 2017 10:25:23 PM IST I Like It. | Report Abuse Reply
Applied first time in SME IPO & got allotment. What can be expected on listing day?
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81.1. suraj kumar patro  Jun 2, 2017 11:19:34 PM IST I Like It. | Report Abuse
App ko sms aya kya
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80. papon  Jun 2, 2017 10:22:29 PM IST I Like It. 1 | Report Abuse Reply
Allotted 1/3
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79. DarkHorse  Jun 2, 2017 10:21:56 PM IST I Like It. | Report Abuse Reply
0/4
Can one buy at listing?? Pls suggest
Galaji,prabhakaranji?
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78. CA M&co.Jodhpur  Jun 2, 2017 10:02:43 PM IST I Like It. 3 | Report Abuse Reply
Best of luck of all Allotties
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77. Jai Jhulelal  Jun 2, 2017 9:08:15 PM IST I Like It. 1 | Report Abuse Reply
Big share is best service provider as allotment is not delayed like other companies
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