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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.

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

R M Drip IPO Date Sep 19, 2017 to Sep 25, 2017
R M Drip IPO Face Value ₹10 per share
R M Drip IPO Price ₹53 to ₹57 per share
R M Drip IPO Lot Size 2000 Shares
Issue Size2,010,000 shares of ₹10
(aggregating up to ₹11.46 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

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

R M Drip IPO Lot Size

The R M Drip IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114,000).

Application Lots Shares Amount
Minimum 1 2000 ₹114,000
Maximum 1 2000 ₹114,000

R M Drip IPO Review

Cash surplus investors may consider investment for long term in Sri Krishna Metcom IPO. Read detail review...


R M Drip IPO Subscription Status (Bidding Detail)

The R M Drip IPO is subscribed times on Sep 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)

CategorySubscription (times)

R M Drip IPO Prospectus

R M Drip IPO Rating

32
3.3
Rating:Rated 3.3 stars
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 share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹57.00
Open: ₹57.10
Low: ₹57.00
High: ₹60.50
Last Trade: ₹58.80

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

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

R M Drip IPO Review

R M Drip IPO Recommendation Summary

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R M Drip IPO FAQs

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 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.

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

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

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, Edelweiss, 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.

The R M Drip IPO listing date is on Wednesday, October 4, 2017.
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R M Drip IPO Message Board

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20 Comments

13. kiran d |   Link |Oct 4, 2017 10:05:15 AM
Sorry listed but Not credited in my accnt...got d allotmnt msg...wt to do now
12. kiran d |   Link |Oct 4, 2017 10:03:41 AM
Not listed?? Not credited in my accnt...got d allotmnt msg
11. STOCKT |   Link |Oct 4, 2017 9:42:13 AM
overpriced issue
10. kiran d |   Link |Oct 1, 2017 5:49:39 PM
Listing date????plz tell if anyone knows
10.1. SecTheta |   Link |Oct 3, 2017 8:48:00 PM
Tomorrow!
9. SecTheta |   Link |Oct 3, 2017 8:47:38 PM
Listing is TOMORROW... :)
8. SecTheta |   Link |Sep 29, 2017 6:59:29 AM
Allotment out!
7. GoldRain |   Link |Sep 25, 2017 5:07:29 PM
This is definately overpriced looking at company prospect though. Good to have ..wait for listing then can add in portfolio.
6. Rafiq |   Link |Sep 20, 2017 9:39:00 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
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 |   Link |Sep 22, 2017 12:24:30 AM
I dont think so that only good rain will boom this company.
5. JavedPatel |   Link |Sep 20, 2017 12:45:59 PM
Apply or Avoid
4. Rafiq |   Link |Sep 19, 2017 6:04:11 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)

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 |   Link |Sep 13, 2017 7:35:55 AM
Fully priced issue. Better to try other better IPOs.
3.4. DarkHorse |   Link |Sep 13, 2017 4:33:43 PM
what about sagar diamonds?
3.5. SecTheta |   Link |Sep 13, 2017 4:40:03 PM
Looks strange. Can''t comment much. :)
2. NPP |   Link |Sep 13, 2017 10:57:47 AM
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 |   Link |Sep 12, 2017 9:16:36 PM
apply or not