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. â€“ Mumbai, Reliance Energy Ltd â€“ Delhi & Mumbai, B.S.E.S. Ltd â€“ Mumbai, Delhi & Orrisa etc.
The promoters of the company are:
1. Mr. Nilesh Kumar Jhalani
2. Mr. Rohit Kumar Jhalani and
3. Mr. Devraj Jhalani
The objects of the Issue are:
1. To meet the working capital requirements of the Company including margin money;
2. Issue Expenses.
»» 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 Subscription Status tells if Shri Ram Switchgears IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Shri Ram Switchgears IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - May 25, 2017 17:00 IST||0||996,000||228,000||1,224,000|
|Day 2 - May 26, 2017 17:00 IST||0||1,302,000||876,000||2,178,000|
|Day 3 - May 29, 2017 17:00 IST||0||2,520,000||17,208,000||19,728,000|
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