R M Drip & Sprinklers Systems Ltd IPO (R M Drip IPO) Detail

Sep 19, 2017 - Sep 25, 2017

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.

Company Promoters:

The promoters of the company are:

1. Vijaykumar Kshirsagar
2. Shubhangi Kshirsagar
3. Arjun Makani

Objects of the Issue:

The object of the issue are to:

1. Funding the working capital requirements of the company;
2. General corporate purpose.

R M Drip IPO Details

IPO Date	Sep 19, 2017 - Sep 25, 2017
Issue Type	Book Built Issue IPO
Issue Size	2,010,000 Eq Shares of ₹10 (aggregating up to ₹11.46 Cr)
Face Value	₹10 Per Equity Share
IPO Price	₹53 to ₹57 Per Equity Share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	NSE SME

R M Drip IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	2000	₹114,000
Maximum	1	2000	₹114,000

R M Drip IPO Subscription Status (Bidding Detail)

R M Drip IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Others	Total
Shares Offered	-	-	-	-	-	-
Sep 25, 2017 17:00

R M Drip IPO Prospectus

› R M Drip IPO RHP

R M Drip IPO Rating

3.3

Rating:

Vote Here ...

R M Drip IPO Listing Date

Listing Date	Wednesday, October 4, 2017
BSE Script Code
NSE Symbol	RMDRIP
Listing In
ISIN	INE219Y01018
IPO Price	₹57 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹57.00
Open:	₹57.10
Low:	₹57.00
High:	₹60.50
Last Trade:	₹58.80
Volume:	416,000

R M Drip IPO Reviews / Ratings

Dilip Davda - Subscribe

Company Contact Information

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

R M Drip IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

R M Drip IPO Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

R M Drip IPO FAQs

1. What is R M Drip IPO?

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 price of the IPO is ₹53 to ₹57 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Book Built Issue.

The IPO opens on Sep 19, 2017 and closes on Sep 25, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
2. When R M Drip IPO will open?

The R M Drip IPO opens on Sep 19, 2017 and closes on Sep 25, 2017.
3. How to apply for R M Drip IPO?

R M Drip IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When R M Drip IPO allotment?

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.
5. When is R M Drip IPO listing date?

The R M Drip IPO listing date is on Wednesday, October 4, 2017, at NSE SME.
6. What is the lot size of R M Drip IPO?

R M Drip IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Find R M Drip IPO Latest Update

Useful Articles

R M Drip IPO Review / Comments

13. kiran d Oct 4, 2017 10:05

Sorry listed but Not credited in my accnt...got d allotmnt msg...wt to do now

12. kiran d Oct 4, 2017 10:03

Not listed?? Not credited in my accnt...got d allotmnt msg

11. STOCKT Oct 4, 2017 09:42

overpriced issue

10. kiran d Oct 1, 2017 17:49

Listing date????plz tell if anyone knows

10.1. SecTheta Oct 3, 2017 20:48

Tomorrow!

9. SecTheta Oct 3, 2017 20:47

Listing is TOMORROW... :)

8. SecTheta Sep 29, 2017 06:59

Allotment out!

7. GoldRain Sep 25, 2017 17:07

This is definately overpriced looking at company prospect though. Good to have ..wait for listing then can add in portfolio.

6. Rafiq Sep 20, 2017 21:39

Hi friends,

This company has good prospects. Check news paper smart investment suggests for long term and chanakya ni pothi has advised that if you have surplus then apply.

My personal view is to apply as its products are related to agricultural and irrigation which is boom for this year due to good rain season this year.

IPO Current Issues
Initial Public OfferingActive IssuesForthcoming IssuesPast IssuesPast Issues - Prior to 01-JAN-2016
Back
Bid Details for RMDRIP as on 20-Sep-2017 17:00:01 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      4,42,000
2(a)      Corporates      1,18,000
2(b)      Individuals(Other than RIIs)      3,24,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      3,56,000
3(a)      Cut Off      2,44,000
3(b)      Price bids      1,12,000
Total      7,98,000

6.1. MNK Sep 22, 2017 00:24

I dont think so that only good rain will boom this company.

5. JavedPatel Sep 20, 2017 12:45

Apply or Avoid

4. Rafiq Sep 19, 2017 18:04

Bid Details for RMDRIP as on 19-Sep-2017 17:20:01 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      3,88,000
2(a)      Corporates      1,18,000
2(b)      Individuals(Other than RIIs)      2,70,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      2,38,000
3(a)      Cut Off      1,92,000
3(b)      Price bids      46,000
Total      6,26,000

3. SecTheta Sep 13, 2017 07:35

Fully priced issue. Better to try other better IPOs.

Load more comments (3 replies)

3.4. DarkHorse Sep 13, 2017 16:33

what about sagar diamonds?

3.5. SecTheta Sep 13, 2017 16:40

Looks strange. Can''t comment much. :)

2. NPP Sep 13, 2017 10:57

Price is much more , Reasonable issue price should be around 35 to 40 maximum , Company''s product is good ,Future seems better , Only price seems high ..

1. drimran Sep 12, 2017 21:16

apply or not

Name		Phone
Email		City
State
Are you a day trader?