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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 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 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 Size | 2,670,000 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 |
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 |
Investors may consider investment for medium to long term in this power sector issue. Read detail review...
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)
| Category | Subscription (times) |
|---|
| 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 |
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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 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.
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Top Contributor (300+ Posts, 400+ 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!