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Ranjeet Mechatronics Limited IPO (Ranjeet Mechatronics IPO) Detail

Sep 12, 2018 - Sep 17, 2018

Incorporated in 1949, Ahmedabad based Ranjeet Mechatronics Limited is a company engaged in the business of providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in installation, designing, commission, testing, implementation, management and operational support for security and fire solutions.

Some of the projects completed by the company are-

1. Chennai Metro Rail Pump House
2. Goa Shipyard Modernisation Project Phase- 3A
3. Medical College Sola, Ahmedabad
4. Kalpana Chawla Government Medical, College, Karnal Haryana
5. Vardhaman Institute of Medical
Science (VIMS) Project

The company has 27 employees on its payroll.

Competitive Strengths-

1. Over 2 decades of experience
2. Perfectly positioned to benefit from government's focus on infrastructure
3. Good track record of timely completion of projects

Company Promoters:

The promoters of the Company are Mr. Rakesh Vallabhbhai Swadia and Devarshi Rakesh Swadia.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,241.69 2,084.00 1,805.68 1,396.98 764.98
Total Revenue 1,803.69 1,763.73 2,528.67 2,400.03 1,090.28
Profit After Tax 91.31 50.95 16.08 4.90 3.09

Objects of the Issue:

The objects of the Issue are-

1. Net Incremental Working Capital Requirement
2. General corporate Purpose

The details of proceeds of the Issue are-

Gross Proceeds from the Issue- Rs 450.00 lakhs
Less: Issue Related Expenses- Rs 38.00 lakhs
Net Proceeds- Rs 412.00 lakhs

The Net proceeds are proposed to be used in the following manner-

Working Capital Requirement- Rs 312.00 lakhs
General corporate Purpose- Rs 100.00 lakhs
Net Proceeds- Rs 412.00 lakhs

Ranjeet Mechatronics IPO Details

IPO Opening Date Sep 12, 2018
IPO Closing Date Sep 17, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹25 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
Issue Size1,800,000 Eq Shares of ₹10
(aggregating up to ₹4.50 Cr)

Ranjeet Mechatronics IPO Tentative Timetable

The Ranjeet Mechatronics IPO open date is Sep 12, 2018, and the close date is Sep 17, 2018. The issue may list on Sep 26, 2018.

IPO Open Date Sep 12, 2018
IPO Close Date Sep 17, 2018
Basis of Allotment Date Sep 21, 2018
Initiation of Refunds Sep 25, 2018
Credit of Shares to Demat Account Sep 25, 2018
IPO Listing Date Sep 26, 2018

Ranjeet Mechatronics IPO Lot Size

The Ranjeet Mechatronics IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹150,000
Maximum 1 6000 ₹150,000

Ranjeet Mechatronics IPO Subscription Status (Bidding Detail)

The Ranjeet Mechatronics IPO is subscribed 69.75 times on 9/17/2018 6:29:02 PM. The public issue subscribed 62.03 in the retail category, in the QIB category, and 77.48 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII77.48
Retail62.03
Total69.75

Ranjeet Mechatronics IPO Prospectus

Ranjeet Mechatronics IPO Rating

63
3.4
Rating:Rated 3.4 stars
Vote Here ...

Ranjeet Mechatronics IPO Listing Date

Listing Date Wednesday, September 26, 2018
BSE Script Code 541945
NSE Symbol
Listing In
ISIN INE01A501019
IPO Price ₹25 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹25.00
₹27.50
₹27.50
₹28.85
₹28.85

Company Contact Information

Ranjeet Mechatronics Limited
Block A, 407 - 4th Floor
Dev Aurum, Anand Nagar Cross Road
Prahladnagar Road, Ahmedabad - 380 015
Phone: 079 - 4000 9390
Email: cs.compliance@ranjeet.co.in
Website: http://www.ranjeet.co.in/

Ranjeet Mechatronics IPO Registrar

Alankit Assignments Ltd

Phone: (011) 4254 1234
Email: ipo@alankit.com
Website: https://www.alankit.com/

Ranjeet Mechatronics IPO Reviews / Ratings

Ranjeet Mechatronics IPO Lead Manager(s)

Ranjeet Mechatronics IPO FAQs

Ranjeet Mechatronics IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹25 per equity share. The minimum order quantity is 6000 Shares.

The IPO opens on Sep 12, 2018, and closes on Sep 17, 2018.

Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ranjeet Mechatronics IPO opens on Sep 12, 2018 and closes on Sep 17, 2018.

Ranjeet Mechatronics IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

You can apply in Ranjeet Mechatronics 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 Ranjeet Mechatronics IPO will be done on Sep 21, 2018, and the allotted shares will be credited to your demat account by Sep 25, 2018. Check the Ranjeet Mechatronics IPO allotment status.

The Ranjeet Mechatronics IPO listing date is on Wednesday, September 26, 2018.

Ranjeet Mechatronics IPO Message Board

Ranked Members  Ranked Members

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165 Comments

106. SD |Oct 16, 2018 6:56:03 PM
43.20 +2.20 (+5.37%)
105. SD |Oct 12, 2018 11:31:59 AM
Target Achieved..... Now Exit from this
105.3. SD |Oct 12, 2018 4:40:32 PM
Rs. 39.90 to aabhi gaya.... Safe side ke liye bolatha....buy karna sell karna apne upar hai....
105.4. Jai D. Patel |Oct 12, 2018 5:31:53 PM
in which political party are you? BJP,Congress or any regional ...
104. SD |Oct 9, 2018 11:09:32 AM
Already told Buy at 27.... Now Buy current Level 30.25.... It will go 40-45 easily.....
104.1. Jai D. Patel |Oct 12, 2018 3:46:32 PM
40-45!!! too much allowance... (about 12%%)
103. SD |Oct 11, 2018 5:43:26 PM
37.95
102. SD |Oct 11, 2018 11:03:50 AM
Current Market Rate 37.80..... Call Given at 27.... Good Company... Fundamentally Strong.....
102.1. Small Investor |Oct 11, 2018 12:40:03 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
do't buy now its only operators' game
102.2. SD |Oct 11, 2018 1:59:57 PM
We will check
101. SD |Oct 10, 2018 1:28:03 PM
Current Market Rate 31.75
100. SD |Sep 27, 2018 6:20:54 PM
Buy at Current Level....
99. uday patel |Sep 27, 2018 12:20:35 PM
If you are not alloted , But from market, It will be another Dangee dums.
98. Small Investor |Sep 25, 2018 5:26:08 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
listing will be in 27 - 27.5 range tomorrow
98.1. Simi Sahni |Sep 26, 2018 5:34:46 PM
Correct.
97. IPOMantra |Sep 26, 2018 12:21:23 PM
No buyer available for more than 28.85
97.1. Johny |Sep 26, 2018 1:21:10 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
That is because it upper (circuit) limit.
96. Dishant Makhija |Sep 26, 2018 12:20:05 PM
I am not able to place a buy order through HDFC securities application. Why it does not allow?
95. IPOMantra |Sep 26, 2018 12:19:29 PM
Sold 1 lot @ 28.85
94. uday patel |Sep 26, 2018 11:24:38 AM
Hold it for Long term, This will be another Dangee Dums.
93. SD |Sep 26, 2018 10:52:30 AM
Any Idea? what to at current rate....
93.1. RAJAKUMAR |Sep 26, 2018 11:12:05 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
If you have one lot means hold. Put stop loss at Rs. 27.
Because now is at upper circuit. If it closes like this you will get one more upper circuit.
At 27.50 there is buying order of 10 lakh shares. So your stop loss will not hit.
92. Small Investor |Sep 26, 2018 11:01:16 AM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
freaze @ 28.85
91. Subject to sauda |Sep 26, 2018 10:19:05 AM
Pre open 27.55 very bad listing
90. RAJAKUMAR |Sep 23, 2018 4:13:58 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
0/4
20 to 35% Listing gain possible.
Congrats those allottees.
90.3. kuntal patil |Sep 24, 2018 10:27:07 AM
Are you applied in Retail / HNI catagory ?.
90.4. RAJAKUMAR |Sep 26, 2018 2:28:26 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Retail.
89. AbhinavK |Sep 25, 2018 5:07:17 PM
Has anyone received mail from bse regarding allotment confirmation?, and in hdfc for me amount is still blocked
89.1. Johny |Sep 25, 2018 10:03:40 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
In hdfc bank netbanking --> IPO Request there is an option to release funds
88. Raymangia |Sep 25, 2018 8:26:48 PM
77 time oversubscribed.listing 35 renge ,????equety
87. Raymangia |Sep 25, 2018 8:26:26 PM
77 time oversubscribed.listing 35 renge ,????equety