Incorporated in 1985, Shri Ram Switchgears Limited is engaged in the engineering and manufacturing of Electrical products. They manufacture Transformers (EHV, Power, Distribution, and Special Application) upto 5 mVA - 132 kV Class as well as Oil Type Compact Sub-Stations.
They also manufacture full range of HT & LT switchgears from Distribution boards to Distribution Boxes, Control and Relay Panel, Feeder Pillars, ACB Boxes, Single Phase Boxes, MCB & MCCB panels, Junction Boxes, A.C./D.C. Boards and other related products. They undertake EPC contracts in the Power Transmission and Distribution sector covering the full range from design and engineering to testing and commissioning of electrical substations and transmission lines.
Company's customers are majorly the Power DISCOMs (Distribution Companies). They cover the states of Maharashtra, Rajasthan, Gujarat, Madhya Pradesh, Delhi, Odisha, Uttar Pradesh for supply of their products and services. Their customer base includes Maharashtra State Electricity Board- Mumbai, B.E.S.T. – Mumbai, Reliance Energy Ltd – Delhi & Mumbai, B.S.E.S. Ltd – Mumbai, Delhi & Orrisa etc.
The promoters of the company are:
1. Mr. Nilesh Kumar Jhalani
2. Mr. Rohit Kumar Jhalani and
3. Mr. Devraj Jhalani
The objects of the Issue are:
1. To meet the working capital requirements of the Company including margin money;
2. Issue Expenses.
| IPO Date | May 25, 2017 - May 30, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,670,000 Eq Shares of ₹10 (aggregating up to ₹5.07 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹19 Per Equity Share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹114,000 |
| Maximum | 1 | 6000 | ₹114,000 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
May 29, 2017 17:00 | ||||||
| Listing Date | Wednesday, June 7, 2017 |
| BSE Script Code | |
| NSE Symbol | SRIRAM |
| Listing In | |
| ISIN | INE634W01012 |
| IPO Price | ₹19 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Shri Ram Switchgears Limited
Shri Ram Bhawan,
Goushala Road,
Ratlam, Madhya Pradesh - 457001
Phone: +91 7412 235554
Email: info@shriramswitchgears.com
Website: http://www.shriramswitchgears.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Shri Ram Switchgears IPO is a SME IPO of 2,670,000 equity shares of the face value of ₹10 aggregating up to ₹5.07 Crores.
The issue price of the IPO is ₹19 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on May 25, 2017 and closes on May 30, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Shri Ram Switchgears IPO opens on May 25, 2017 and closes on May 30, 2017.
Shri Ram Switchgears IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Shri Ram Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shri Ram Switchgears IPO allotment status.
Shri Ram Switchgears IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
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Top Contributor (200+ Posts, 300+ Likes)
First ever IPO allotment for me. Definitely a very good learning experience. I am talking about not just getting allotment and selling but the overall IPO market.
How sometimes buying in secondary market can also be beneficial in case we didn''t get in the first place. Just keep looking and observing!
Thanks to all the mentors, and Gurus of this forum._/\_
Cheers!