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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 Opening Date | May 25, 2017 |
| IPO Closing Date | May 30, 2017 |
| Issue Type | Fixed Price Issue IPO |
| 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 |
| Issue Size | 2,670,000 Eq Shares of ₹10 (aggregating up to ₹5.07 Cr) |
The Shri Ram Switchgears IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹114,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹114,000 |
| Maximum | 1 | 6000 | ₹114,000 |
The Shri Ram Switchgears IPO is subscribed times on May 29, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| 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 |
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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
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 is priced at ₹19 per equity share. The minimum order quantity is 6000 Shares.
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 lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
You can apply in Shri Ram Switchgears 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 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.
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Top Contributor (300+ 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!