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RBM Infracon Limited IPO (RBM Infracon IPO) Detail

Dec 23, 2022 - Dec 27, 2022

Incorporated in 2013, RBM Infracon Limited is primarily engaged in engineering, execution, testing, commissioning, operating & maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal/Gas based power plants, etc.

Its key business services include Fabrication & Erection of structural work, Fabrication & Erection of Piping, ARC maintenance, Turnaround, blasting & painting, Insulation and Refractory, Electrical and Instrumentation, NDT services, and others.

The firm provides services at different plants like CDU-VDU, DHDS, NHT-CCR, HMU-I & II, CPP, DCU, Rail and Jetty and is also involved in ARC maintenance jobs in RIL-Jamnagar and YARA-Babrala. It has successfully executed 14 Turnaround Shutdowns at Reliance Industries Ltd (RIL), Nayara Energy, and Yara Fertilisers.

As on Sep 6, 2022, it has an order book value of Rs 121 Crores, and recently, it has received a new order worth Rs 200 Crores from Malco Energy Ltd for operations & maintenance of the Metcoke Manufacturing Plant.

Strengths

  • Strong project execution capabilities.
  • Experienced management team.
  • High growth opportunities in the infrastructure sector.

Company Financials

RBM Infracon Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202115.973516.78-12.03540.44488.44666.85
31-Mar-212333.623888.74-133.24462.54406.94813.41
31-Mar-222503.64763.06190.99653.52597.92850.9
30-Jun-222450.291027.265.4718.93663.33641.41
Amount in ₹ Lakhs

Objects of the Issue

  • Meet working capital requirements.
  • General corporate purposes.
  • Meet public issue expenses.

RBM Infracon IPO Details

IPO Date Dec 23, 2022 to Dec 27, 2022
Listing Date Wednesday, January 4, 2023
Face Value ₹10 per share
Price ₹36 per share
Lot Size 3000 Shares
Issue Size2,325,000 shares of ₹10
(aggregating up to ₹8.37 Cr)
Fresh Issue2,325,000 shares of ₹10
(aggregating up to ₹8.37 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
P/E (x)15.93
Market Cap (₹ Cr.)30.39
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Market MakerSUNFLOWER BROKING PVT. LTD.
Company Promoters

Mr. Jaybajrang Ramaishish Mani is the promoter of the company.

RBM Infracon IPO Tentative Timetable

RBM Infracon IPO opens on Dec 23, 2022, and closes on Dec 27, 2022. The RBM Infracon IPO bid date is from Dec 23, 2022 10.00 A.M. to Dec 27, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 23, 2022
Closing Date Dec 27, 2022
Basis of Allotment Dec 30, 2022
Initiation of Refunds Jan 2, 2023
Credit of Shares to Demat Jan 3, 2023
Listing Date Jan 4, 2023

RBM Infracon IPO Lot Size

The RBM Infracon IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000
HNI (Min) 2 6,000 ₹216,000

RBM Infracon IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 72.45%

RBM Infracon IPO Review

Though the company’s recent performance raises eyebrows, its IPO pricing appears reasonable. With the order on hand worth Rs. 121 cr. and a letter of intent for a work contract for a period of 3 years from a Vedanta group company hold the key. Cash surplus investors may consider parking funds with a long-term perspective. Read detail review...


RBM Infracon IPO Subscription Status (Bidding Detail)

The RBM Infracon IPO is subscribed 40.32 times on Dec 27, 2022 7:50:00 PM. The public issue subscribed 34.33 times in the retail category, times in the QIB category, and 46.32 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII46.32
Retail34.33
Total40.32

RBM Infracon IPO Prospectus

RBM Infracon IPO Rating

176
3.9
Rating:Rated 3.9 stars
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RBM Infracon IPO Listing Date

Listing Date Wednesday, January 4, 2023
BSE Script Code
NSE Symbol RBMINFRA
Listing In
ISIN INE0NA301016
IPO Price ₹36 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹36.00
₹52.50
₹49.90
₹55.10
₹55.10

Company Contact Information

RBM Infracon Limited
C/O Rahul Mani Tripathi Mb Complex,
Main Road, Baitalpur, 274201

Phone: 0288-2710463
Email: info@rbminfracon.com
Website: http://www.rbminfracon.com/

RBM Infracon IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/

RBM Infracon IPO Review

RBM Infracon IPO Recommendation Summary

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Members 3 0 0

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RBM Infracon IPO FAQs

RBM Infracon IPO is a SME IPO of 2,325,000 equity shares of the face value of ₹10 aggregating up to ₹8.37 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Dec 23, 2022, and closes on Dec 27, 2022.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in RBM Infracon IPO using UPI as a payment gateway. Zerodha customers can apply in RBM Infracon IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in RBM Infracon IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'RBM Infracon IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The RBM Infracon IPO opens on Dec 23, 2022 and closes on Dec 27, 2022.

RBM Infracon IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in RBM Infracon 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 RBM Infracon IPO will be done on Dec 30, 2022, and the allotted shares will be credited to your demat account by Jan 3, 2023. Check the RBM Infracon IPO allotment status.

The RBM Infracon IPO listing date is on Wednesday, January 4, 2023.
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