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RBM Infracon IPO is a fixed price issue of Rs 8.37 crores. The issue is entirely a fresh issue of 23.25 lakh shares.
RBM Infracon IPO bidding started from December 23, 2022 and ended on December 27, 2022. The allotment for RBM Infracon IPO was finalized on Friday, December 30, 2022. The shares got listed on NSE SME on January 4, 2023.
RBM Infracon IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹216,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the RBM Infracon IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for RBM Infracon IPO is Sunflower Broking.
Refer to RBM Infracon IPO RHP for detailed information.
| IPO Date | December 23, 2022 to December 27, 2022 |
| Listing Date | January 4, 2023 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,325,000 shares (aggregating up to ₹8.37 Cr) |
| Fresh Issue | 2,325,000 shares (aggregating up to ₹8.37 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 117,000 shares Sunflower Broking |
RBM Infracon IPO offers 2,325,000 shares. 1,104,000 (47.48%) to NII, 1,104,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 117,000 (5.03%) |
| Other Shares Offered | 1,104,000 (47.48%) |
| Retail Shares Offered | 1,104,000 (47.48%) |
| Total Shares Offered | 2,325,000 (100%) |
RBM Infracon IPO opens on December 23, 2022, and closes on December 27, 2022.
| IPO Open Date | Friday, December 23, 2022 |
| IPO Close Date | Tuesday, December 27, 2022 |
| Basis of Allotment | Friday, December 30, 2022 |
| Initiation of Refunds | Monday, January 2, 2023 |
| Credit of Shares to Demat | Tuesday, January 3, 2023 |
| Listing Date | Wednesday, January 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 27, 2022 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
| Lot Size Calculator | |||
Mr. Jaybajrang Ramaishish Mani is the promoter of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.45% |
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
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2115.97 | 3516.78 | -12.03 | 540.44 | 488.44 | 666.85 |
| 31-Mar-21 | 2333.62 | 3888.74 | -133.24 | 462.54 | 406.94 | 813.41 |
| 31-Mar-22 | 2503.6 | 4763.06 | 190.99 | 653.52 | 597.92 | 850.9 |
| 30-Jun-22 | 2450.29 | 1027.2 | 65.4 | 718.93 | 663.33 | 641.41 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of RBM Infracon IPO is Rs 30.39 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.61 |
[Dilip Davda] 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...
The RBM Infracon IPO is subscribed 40.32 times on December 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)
| Category | Subscription (times) |
|---|---|
| Other | 46.32 |
| Retail | 34.33 |
| Total | 40.32 |
| Listing Date | January 4, 2023 |
| BSE Script Code | |
| NSE Symbol | RBMINFRA |
| ISIN | INE0NA301016 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹36.00 |
| ₹52.50 |
| ₹49.90 |
| ₹55.10 |
| ₹55.10 |
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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 December 23, 2022, and closes on December 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
Visit Zerodha IPO Application Process Review for more detail.
The RBM Infracon IPO opens on December 23, 2022 and closes on December 27, 2022.
RBM Infracon IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
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 Friday, December 30, 2022, and the allotted shares will be credited to your demat account by Tuesday, January 3, 2023. Check the RBM Infracon IPO allotment status.
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