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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 promoters of the company are:
1. Vijaykumar Kshirsagar
2. Shubhangi Kshirsagar
3. Arjun Makani
The object of the issue are to:
1. Funding the working capital requirements of the company;
2. General corporate purpose.
| IPO Opening Date | Sep 19, 2017 |
| IPO Closing Date | Sep 25, 2017 |
| Issue Type | Book Built Issue IPO |
| 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 |
| Issue Size | 2,010,000 Eq Shares of ₹10 (aggregating up to ₹11.46 Cr) |
The R M Drip IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹114,000 |
| Maximum | 1 | 2000 | ₹114,000 |
The R M Drip IPO is subscribed times on Sep 25, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| 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 |
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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: http://www.bigshareonline.com
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 equity 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 2000 Shares.
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.
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