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IPO Details


RMC Switchgears Ltd
Registered Office: 7 KM From Chaksu KhotkawdaRoad, Tehsil Chaksu Tonk Road, Jaipur - 303901, Rajasthan
Phone: 91-141-4031516/4400222
Email: info@rmcindia.in
Website: www.rmcindia.in
Initial public offer of 15,36,000 equity shares of face value of Rs. 10 each (equity shares) of RMC Switchgears Limited (company or issuer) for cash at a price of Rs. 27 per equity share (including a share premium of Rs. 17 per equity share) (issue price) aggregating to Rs.4.15 crores (issue ) consisting of a fresh issue of 7,68,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 27 per equity share aggregating to Rs. 2.07 crores (issue) and 7,68,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 27 per equity share aggregating to Rs. 2.07 crores through an offer for sale by Mr. Ankit Agrawal, Mr. Ashok Kumar Agarwal, Mrs. Parwati Bai Agarwal, Mrs. Santosh Agarwal, M/s Vitthal Das Agrawal HUF, M/s. Ashok Kumar Agarwal HUF and Argent Leasing & Finance Private Limited (collectively referred as selling shareholders including promoters) of which 96,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 27 per equity share, aggregating to Rs. 0.26 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 14,40,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 27 per equity share aggregating to Rs. 3.89 crores (Net Issue). The issue and the net issue will constitute 30.16% and 28.28%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 27 The issue price is 2.7 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
28-Feb-2017 03-Mar-2017 27.00 0.00
Minimum Application for shares in Nos : 4000 Further Multiples of : 4000
()Cr. Lead Managers to the Issue
Project Cost 1.94 Hem Securities Ltd
Project Financed through Current Offer 4.15
Post Issue Equity Share Capital 5.09
Issue Price 27.00
Projects
To meet working capital requirement
General corporate purpose
Promoted By
Ashok Kumar Agarwal
Ankit Agrawal
Neha Agrawal
Listing At
BSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

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84,544.31 1,359.51 (1.63%)

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