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

May 25, 2017 - May 30, 2017

Shri Ram Switchgears IPO is a fixed price issue of Rs 5.07 crores.

Shri Ram Switchgears IPO bidding started from May 25, 2017 and ended on May 30, 2017. The shares got listed on NSE SME on June 7, 2017.

Shri Ram Switchgears IPO price is ₹19 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹114,000.

Sarthi Capital Advisors Private Limited is the book running lead manager of the Shri Ram Switchgears IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Shri Ram Switchgears IPO RHP for detailed information.

Shri Ram Switchgears IPO Details

IPO Date May 25, 2017 to May 30, 2017
Listing Date June 7, 2017
Face Value ₹10 per share
Price ₹19 per share
Lot Size 6000 Shares
Total Issue Size2,670,000 shares
(aggregating up to ₹5.07 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Shri Ram Switchgears IPO Lot Size

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 ₹114,000
Retail (Max) 1 6000 ₹114,000
Lot Size Calculator

About Shri Ram Switchgears Limited

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.

Objects of the Issue (Shri Ram Switchgears IPO Objectives)

The objects of the Issue are:

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

Shri Ram Switchgears IPO Review (Apply)

[Dilip Davda]  Investors may consider investment for medium to long term in this power sector issue. Read detail review...


Shri Ram Switchgears IPO Subscription Status (Bidding Detail)

The Shri Ram Switchgears IPO is subscribed times on May 29, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Shri Ram Switchgears IPO Prospectus

Shri Ram Switchgears IPO Rating

165
3.8
Rating:Rated 3.8 stars
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Shri Ram Switchgears IPO Listing Details

Listing Date June 7, 2017
BSE Script Code
NSE Symbol SRIRAM
ISIN INE634W01012
Final Issue Price ₹19 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹19.00
₹22.80
₹22.80
₹22.80
₹22.80

Check IPO Performance…

Shri Ram Switchgears Limited Contact Details

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

Shri Ram Switchgears IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Shri Ram Switchgears IPO - Buy or Not

Shri Ram Switchgears IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Shri Ram Switchgears IPO FAQs

Shri Ram Switchgears IPO is a SME IPO of 2,670,000 equity shares of the face value of ₹10 aggregating up to ₹5.07 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000 Shares.

The IPO opens on May 25, 2017, and closes on May 30, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Shri Ram Switchgears IPO opens on May 25, 2017 and closes on May 30, 2017.

Shri Ram Switchgears IPO lot size is 6000 Shares, and the minimum amount required is ₹114,000.

You can apply in Shri Ram Switchgears 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 Shri Ram Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shri Ram Switchgears IPO allotment status.

The Shri Ram Switchgears IPO listing date is on June 7, 2017.
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Shri Ram Switchgears IPO Message Board

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152 Comments

100. DSR |   Link |  Bookmark |July 14, 2017 11:26:05 AM
Sold whatever was left with at 648. Now I am all out. All the best to everyone who is still holding.

First ever IPO allotment for me. Definitely a very good learning experience. I am talking about not just getting allotment and selling but the overall IPO market.

How sometimes buying in secondary market can also be beneficial in case we didn''t get in the first place. Just keep looking and observing!

Thanks to all the mentors, and Gurus of this forum._/\_

Cheers!
99. kumar babu |   Link |  Bookmark |July 14, 2017 11:17:36 AM
SHANKARA also same story, bull run over...
98. Arpit Badaya |   Link |  Bookmark |July 10, 2017 10:12:55 AM
Sold 21@439
97. ARATII |   Link |  Bookmark |June 27, 2017 10:41:17 AM
SHORT AT RS 265
97.1. Mohammad Hirani |   Link |  Bookmark |July 2, 2017 4:36:51 AM
what does this exactly mean ?
96. ARATII |   Link |  Bookmark |June 29, 2017 9:40:17 AM
short it be careful
keep strict stop loss
95. Hritesh |   Link |  Bookmark |June 20, 2017 12:45:41 PM
Why is prices so low. where as it was oversubscribed so huge
94. Mohammad Hirani |   Link |  Bookmark |June 14, 2017 3:40:53 PM
Any short term target???
93. CA M&co.Jodhpur |   Link |  Bookmark |June 6, 2017 10:39:29 AM
Good opening expected
93.2. Mohammad Hirani |   Link |  Bookmark |June 14, 2017 3:41:56 PM
Amy short term target in current scenario??
93.3. Mohammad Hirani |   Link |  Bookmark |June 15, 2017 3:04:28 PM
Sir plz tell any target for short term, shouldI hold or sell it??
92. DHARMESH M VIRADIYA |   Link |  Bookmark |June 8, 2017 11:17:05 PM
Any short time target ???
91. Yashesh |   Link |  Bookmark |June 5, 2017 9:48:30 AM
Listing date is Wednesday, 7th June.
91.1. HARDIK BABARIA |   Link |  Bookmark |June 5, 2017 5:01:32 PM
from which site we can see this?
90. K |   Link |  Bookmark |June 3, 2017 10:27:52 AM
REFUND DATE???
TODAY???
90.1. DarkHorse |   Link |  Bookmark |June 5, 2017 10:58:42 AM
which bank?
89. DarkHorse |   Link |  Bookmark |June 5, 2017 10:45:59 AM
Anyone applied through icici got their money refund??
88. Naresh Goswami |   Link |  Bookmark |June 3, 2017 9:30:14 PM
Which price will expect on listing date
88.1. Yashesh |   Link |  Bookmark |June 5, 2017 9:48:57 AM
It is most likely to open at circuit limit of 20%
87. papon |   Link |  Bookmark |June 3, 2017 2:44:24 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Account debited Rs 114000 today, fund unlien also done for unsuccessful applications, union bank
87.8. jagadish abbigeri |   Link |  Bookmark |June 4, 2017 6:56:41 PM
Where u find listing date, Link Plz....
87.9. papon |   Link |  Bookmark |June 4, 2017 8:22:30 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
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.
86. CA M&co.Jodhpur |   Link |  Bookmark |June 4, 2017 4:59:56 PM
Next SME IPO ?
85. Komall |   Link |  Bookmark |June 3, 2017 1:50:22 PM
0 out of 11 :( :(
Bad luck.. Not getting SME allotment !!
84. suraj kumar patro |   Link |  Bookmark |June 2, 2017 11:18:53 PM
How do I know , I got the alotemen or not
84.1. papon |   Link |  Bookmark |June 3, 2017 4:40:21 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Go to bigshare website, search by pan or application no or client Id , its simple
83. Yash Modi |   Link |  Bookmark |June 3, 2017 12:05:04 AM
0 out of 4
Bad luck
82. papon |   Link |  Bookmark |June 2, 2017 10:25:23 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Applied first time in SME IPO & got allotment. What can be expected on listing day?
82.1. suraj kumar patro |   Link |  Bookmark |June 2, 2017 11:19:34 PM
App ko sms aya kya
81. papon |   Link |  Bookmark |June 2, 2017 10:22:29 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Allotted 1/3