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R M Drip IPO Details

Issue Open Sep 19, 2017
Issue Close Sep 25, 2017
IPO Price ₹57
Face Value ₹10
IPO Size ₹11.46 Cr
Listing At NSE SME
IPO Lot Size 2000

R M Drip IPO allotment status is not available at this time. IPO share allotment process takes 6 working days from the issue closing date. Please revisit us to check the latest updates for R M Drip & Sprinklers Systems Ltd IPO allotment status.

Note: Registrar of the R M Drip IPO is responsible for IPO allotment and refund processing. Please contact the registrar with questions related to IPO Allotment Status Online. To understand the allocation of shares for R M Drip & Sprinklers Systems Ltd IPO, check the Basis of Allotment document.

R M Drip IPO Allotment FAQs

Sorry. The tentative date of allotment for R M Drip IPO is not available at this time.

Below are the steps to check R M Drip IPO allotment status online:

  • Visit the R M Drip IPO allotment status page.
  • Click on the green R M Drip IPO Allotment Status.
  • Enter either PAN number, Application Number or DP Client ID of the demat account to check the R M Drip IPO allotment status.
  • Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

  • PAN No.: AHMLK1898J
  • Application No.: RL041213805307
  • Name: Mr. Rajveer Singh
  • Shares Applied: 40
  • Shares Allotted: 40

The expected listing price of R M Drip IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The R M Drip IPO grey market premium gives some hint but the actual listing price is difficult to guess.

R M Drip IPO allotment status is expected on . Click the green button R M Drip IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If R M Drip IPO oversubscribed in the retail category, the R M Drip IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The R M Drip IPO shares will get listed on Wednesday, October 4, 2017. The equity share of R M Drip & Sprinklers Systems Ltd will list on NSE SME.

The reason you didn't get the R M Drip IPO could be:

  • IPO become oversubscribed and allotment process is completed through a lottery
  • The IPO application got rejected due to mismatch/incomplete information
  • The issue price is higher than the bid price. (Always apply on cut-off price).

The R M Drip IPO will open for bidding on Sep 19, 2017. The IPO application closes on Sep 25, 2017.