Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
R M Drip IPO is a book built issue of Rs 11.46 crores.
R M Drip IPO bidding started from September 19, 2017 and ended on September 25, 2017. The shares got listed on NSE SME on October 4, 2017.
R M Drip IPO price band is set at ₹53 to ₹57 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the R M Drip IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to R M Drip IPO RHP for detailed information.
| IPO Date | September 19, 2017 to September 25, 2017 |
| Listing Date | October 4, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹57 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,010,000 shares (aggregating up to ₹11.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 2000 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 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
| Lot Size Calculator | |||
Incorporated in 2004, R M Drip & Sprinklers System Ltd (RMD) is engaged in manufacture and sale of Micro Irrigation System (MIS) consisting of drip irrigation system and sprinkler irrigation system along with its components, irrigation accessories and allied products.
RM Drip designs and manufactures, world class micro irrigation equipment's, In-house within its factory premises, situated at Sinnar, near Nashik. The company also assists farmers in designing and installation of their Sprinkler and Drip Irrigations Systems, according to their specific needs.
RMD�s revenue mix comprises of open market and project market models. Majority of its revenue comes from open market with the help of channel partners. RMD operates in states of Maharashtra, Gujarat, Karnataka and MP. Company�s product range include HDPE Pipes, Pipes Fittings and Irrigation Equipments including drip/sprinkler systems, Disc filters, Screen filters, Hydro-Cyclone filters, Sand (Gravel) filters, Compression fittings, valves (Electric & Mechanical), Fertilizer Tanks etc.
The object of the issue are to:
1. Funding the working capital requirements of the company;
2. General corporate purpose.
[Dilip Davda] Cash surplus investors may consider investment for long term in Sri Krishna Metcom IPO. Read detail review...
The R M Drip IPO is subscribed times on September 25, 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)
| Category | Subscription (times) |
|---|
| Listing Date | October 4, 2017 |
| BSE Script Code | |
| NSE Symbol | RMDRIP |
| ISIN | INE219Y01018 |
| Final Issue Price | ₹57 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹57.00 |
| ₹57.10 |
| ₹57.00 |
| ₹60.50 |
| ₹58.80 |
R M Drip & Sprinklers Systems Ltd
Gat No.475 Village Gonde,
Taluka Sinnar,
Nashik - 422113
Phone: +91-2551-218919
Email: info@rmdrip.com
Website: http://www.rmdrip.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
R M Drip IPO is a SME IPO of 2,010,000 equity shares of the face value of ₹10 aggregating up to ₹11.46 Crores. The issue is priced at ₹53 to ₹57 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 19, 2017, and closes on September 25, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The R M Drip IPO opens on September 19, 2017 and closes on September 25, 2017.
R M Drip IPO lot size is 2000 Shares, and the minimum amount required is ₹114,000.
You can apply in R M Drip 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 R M Drip IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the R M Drip IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
Top Contributor (400+ Posts, 400+ Likes)
