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Shri Ram Switchgears Limited IPO (Shri Ram Switchgears IPO) Detail

May 25, 2017 - May 30, 2017

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.

Objects of the Issue

The objects of the Issue are:

1. To meet the working capital requirements of the Company including margin money;
2. Issue Expenses.

Shri Ram Switchgears IPO Details

Shri Ram Switchgears IPO Date May 25, 2017 to May 30, 2017
Shri Ram Switchgears IPO Face Value ₹10 per share
Shri Ram Switchgears IPO Price ₹19 per share
Shri Ram Switchgears IPO Lot Size 6000 Shares
Issue Size2,670,000 shares of ₹10
(aggregating up to ₹5.07 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Mr. Nilesh Kumar Jhalani
2. Mr. Rohit Kumar Jhalani and
3. Mr. Devraj Jhalani

Shri Ram Switchgears IPO Lot Size

The Shri Ram Switchgears IPO 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
Minimum 1 6000 ₹114,000
Maximum 1 6000 ₹114,000

Shri Ram Switchgears IPO Review

Investors may consider investment for medium to long term in this power sector issue. Read detail review...


Shri Ram Switchgears IPO Subscription Status (Bidding Detail)

The Shri Ram Switchgears IPO is subscribed times on May 29, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Shri Ram Switchgears IPO Prospectus

Shri Ram Switchgears IPO Rating

165
3.8
Rating:Rated 3.8 stars
Vote Here ...

Shri Ram Switchgears IPO Listing Date

Listing Date Wednesday, June 7, 2017
BSE Script Code
NSE Symbol SRIRAM
Listing In
ISIN INE634W01012
IPO Price ₹19 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹19.00
Open: ₹22.80
Low: ₹22.80
High: ₹22.80
Last Trade: ₹22.80

Company Contact Information

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

Shri Ram Switchgears IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Shri Ram Switchgears IPO Review

Shri Ram Switchgears IPO Recommendation Summary

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Shri Ram Switchgears IPO FAQs

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 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 .

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.

The Shri Ram Switchgears IPO listing date is on Wednesday, June 7, 2017.
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Shri Ram Switchgears IPO Message Board

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152 Comments

100. DSR |   Link |Jul 14, 2017 11:26:05 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Sold whatever was left with at 648. Now I am all out. All the best to everyone who is still holding.

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!
99. kumar babu |   Link |Jul 14, 2017 11:17:36 AM
SHANKARA also same story, bull run over...
98. Arpit Badaya |   Link |Jul 10, 2017 10:12:55 AM
Sold 21@439
97. ARATII |   Link |Jun 27, 2017 10:41:17 AM
SHORT AT RS 265
97.1. Mohammad Hirani |   Link |Jul 2, 2017 4:36:51 AM
what does this exactly mean ?
96. ARATII |   Link |Jun 29, 2017 9:40:17 AM
short it be careful
keep strict stop loss
95. Hritesh |   Link |Jun 20, 2017 12:45:41 PM
Why is prices so low. where as it was oversubscribed so huge
94. Mohammad Hirani |   Link |Jun 14, 2017 3:40:53 PM
Any short term target???
93. CA M&co.Jodhpur |   Link |Jun 6, 2017 10:39:29 AM
Good opening expected
93.2. Mohammad Hirani |   Link |Jun 14, 2017 3:41:56 PM
Amy short term target in current scenario??
93.3. Mohammad Hirani |   Link |Jun 15, 2017 3:04:28 PM
Sir plz tell any target for short term, shouldI hold or sell it??
92. DHARMESH M VIRADIYA |   Link |Jun 8, 2017 11:17:05 PM
Any short time target ???
91. Yashesh |   Link |Jun 5, 2017 9:48:30 AM
Listing date is Wednesday, 7th June.
91.1. HARDIK BABARIA |   Link |Jun 5, 2017 5:01:32 PM
from which site we can see this?
90. K |   Link |Jun 3, 2017 10:27:52 AM
REFUND DATE???
TODAY???
90.1. DarkHorse |   Link |Jun 5, 2017 10:58:42 AM
which bank?
89. DarkHorse |   Link |Jun 5, 2017 10:45:59 AM
Anyone applied through icici got their money refund??
88. Naresh Goswami |   Link |Jun 3, 2017 9:30:14 PM
Which price will expect on listing date
88.1. Yashesh |   Link |Jun 5, 2017 9:48:57 AM
It is most likely to open at circuit limit of 20%
87. papon |   Link |Jun 3, 2017 2:44:24 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Account debited Rs 114000 today, fund unlien also done for unsuccessful applications, union bank
87.8. jagadish abbigeri |   Link |Jun 4, 2017 6:56:41 PM
Where u find listing date, Link Plz....
87.9. papon |   Link |Jun 4, 2017 8:22:30 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
As per SEBI rules it is mandatory to get list on 6th working day after issues closes. So 7th June is 6th working day after issue closes on 30/5/17.
86. CA M&co.Jodhpur |   Link |Jun 4, 2017 4:59:56 PM
Next SME IPO ?
85. Komall |   Link |Jun 3, 2017 1:50:22 PM
0 out of 11 :( :(
Bad luck.. Not getting SME allotment !!
84. suraj kumar patro |   Link |Jun 2, 2017 11:18:53 PM
How do I know , I got the alotemen or not
84.1. papon |   Link |Jun 3, 2017 4:40:21 AM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Go to bigshare website, search by pan or application no or client Id , its simple
83. Yash Modi |   Link |Jun 3, 2017 12:05:04 AM
0 out of 4
Bad luck
82. papon |   Link |Jun 2, 2017 10:25:23 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Applied first time in SME IPO & got allotment. What can be expected on listing day?
82.1. suraj kumar patro |   Link |Jun 2, 2017 11:19:34 PM
App ko sms aya kya
81. papon |   Link |Jun 2, 2017 10:22:29 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Allotted 1/3