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Ranjeet Mechatronics Limited IPO (Ranjeet Mechatronics IPO) Detail

September 12, 2018 - September 17, 2018

Ranjeet Mechatronics IPO is a fixed price issue of Rs 4.50 crores.

Ranjeet Mechatronics IPO bidding started from September 12, 2018 and ended on September 17, 2018. The allotment for Ranjeet Mechatronics IPO was finalized on Friday, September 21, 2018. The shares got listed on BSE SME on September 26, 2018.

Ranjeet Mechatronics IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.

Beeline Broking Ltd is the book running lead manager of the Ranjeet Mechatronics IPO, while Alankit Assignments Ltd is the registrar for the issue.

Refer to Ranjeet Mechatronics IPO RHP for detailed information.

Ranjeet Mechatronics IPO Details

IPO Date September 12, 2018 to September 17, 2018
Listing Date September 26, 2018
Face Value ₹10 per share
Price ₹25 per share
Lot Size 6000 Shares
Total Issue Size1,800,000 shares
(aggregating up to ₹4.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion96,000 shares

Ranjeet Mechatronics IPO Reservation

Ranjeet Mechatronics IPO offers 1,800,000 shares. 852,000 (47.33%) to NII, 852,000 (47.33%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered96,000 (5.33%)
Other Shares Offered852,000 (47.33%)
Retail Shares Offered852,000 (47.33%)
Total Shares Offered1,800,000 (100%)

Ranjeet Mechatronics IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, September 12, 2018
IPO Close Date Monday, September 17, 2018
Basis of Allotment Friday, September 21, 2018
Initiation of Refunds Tuesday, September 25, 2018
Credit of Shares to Demat Tuesday, September 25, 2018
Listing Date Wednesday, September 26, 2018
Cut-off time for UPI mandate confirmation 5 PM on September 17, 2018

Ranjeet Mechatronics IPO Lot Size

Investors can bid for a minimum of 6000 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 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000
Lot Size Calculator

About Ranjeet Mechatronics Limited

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 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 (Ranjeet Mechatronics IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

Issue is priced aggressively. This sector is not doing well as expressed by its peer. Sudden jump in bottom line with static top line for FY17 and 18 is a bit surprising. Considering this, risk savvy cash surplus investors may consider investment at their own risk.

Read detail review...


Ranjeet Mechatronics IPO Subscription Status (Bidding Detail)

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

CategorySubscription (times)
Other77.48
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 Details

Listing Date September 26, 2018
BSE Script Code 541945
NSE Symbol
ISIN INE01A501019
Final Issue Price ₹25 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹25.00
₹27.50
₹27.50
₹28.85
₹28.85

Check IPO Performance…

Ranjeet Mechatronics Limited Contact Details

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: http://ipo.alankit.com/

Ranjeet Mechatronics IPO - Buy or Not

Ranjeet Mechatronics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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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 share. The minimum order quantity is 6000 Shares.

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

Ranjeet Mechatronics IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ranjeet Mechatronics IPO will be done on Friday, September 21, 2018, and the allotted shares will be credited to your demat account by Tuesday, September 25, 2018. Check the Ranjeet Mechatronics IPO allotment status.

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

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165 Comments

106. SD |   Link |  Bookmark |October 16, 2018 6:56:03 PM
43.20 +2.20 (+5.37%)
105. SD |   Link |  Bookmark |October 12, 2018 11:31:59 AM
Target Achieved..... Now Exit from this
105.3. SD |   Link |  Bookmark |October 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 |   Link |  Bookmark |October 12, 2018 5:31:53 PM
in which political party are you? BJP,Congress or any regional ...
104. SD |   Link |  Bookmark |October 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 |   Link |  Bookmark |October 12, 2018 3:46:32 PM
40-45!!! too much allowance... (about 12%%)
103. SD |   Link |  Bookmark |October 11, 2018 5:43:26 PM
37.95
102. SD |   Link |  Bookmark |October 11, 2018 11:03:50 AM
Current Market Rate 37.80..... Call Given at 27.... Good Company... Fundamentally Strong.....
102.1. Small Investor |   Link |  Bookmark |October 11, 2018 12:40:03 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
do't buy now its only operators' game
102.2. SD |   Link |  Bookmark |October 11, 2018 1:59:57 PM
We will check
101. SD |   Link |  Bookmark |October 10, 2018 1:28:03 PM
Current Market Rate 31.75
100. SD |   Link |  Bookmark |September 27, 2018 6:20:54 PM
Buy at Current Level....
99. uday patel |   Link |  Bookmark |September 27, 2018 12:20:35 PM
If you are not alloted , But from market, It will be another Dangee dums.
98. Small Investor |   Link |  Bookmark |September 25, 2018 5:26:08 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
listing will be in 27 - 27.5 range tomorrow
98.1. Simi Sahni |   Link |  Bookmark |September 26, 2018 5:34:46 PM
Correct.
97. IPOMantra |   Link |  Bookmark |September 26, 2018 12:21:23 PM
No buyer available for more than 28.85
97.1. Johny |   Link |  Bookmark |September 26, 2018 1:21:10 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
That is because it upper (circuit) limit.
96. Dishant Makhija |   Link |  Bookmark |September 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 |   Link |  Bookmark |September 26, 2018 12:19:29 PM
Sold 1 lot @ 28.85
94. uday patel |   Link |  Bookmark |September 26, 2018 11:24:38 AM
Hold it for Long term, This will be another Dangee Dums.
93. SD |   Link |  Bookmark |September 26, 2018 10:52:30 AM
Any Idea? what to at current rate....
93.1. RAJAKUMAR |   Link |  Bookmark |September 26, 2018 11:12:05 AM (1400+ Posts, 1200+ 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 |   Link |  Bookmark |September 26, 2018 11:01:16 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
freaze @ 28.85
91. Subject to sauda |   Link |  Bookmark |September 26, 2018 10:19:05 AM
Pre open 27.55 very bad listing
90. RAJAKUMAR |   Link |  Bookmark |September 23, 2018 4:13:58 PM (1400+ Posts, 1200+ Likes)
0/4
20 to 35% Listing gain possible.
Congrats those allottees.
90.3. kuntal patil |   Link |  Bookmark |September 24, 2018 10:27:07 AM
Are you applied in Retail / HNI catagory ?.
90.4. RAJAKUMAR |   Link |  Bookmark |September 26, 2018 2:28:26 AM (1400+ Posts, 1200+ Likes)
Retail.
89. AbhinavK |   Link |  Bookmark |September 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 |   Link |  Bookmark |September 25, 2018 10:03:40 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
In hdfc bank netbanking --> IPO Request there is an option to release funds
88. Raymangia |   Link |  Bookmark |September 25, 2018 8:26:48 PM
77 time oversubscribed.listing 35 renge ,????equety
87. Raymangia |   Link |  Bookmark |September 25, 2018 8:26:26 PM
77 time oversubscribed.listing 35 renge ,????equety