R M Drip & Sprinklers Systems Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

19 Sep 2017

Close Date

25 Sep 2017

Allotment

01 Oct 2017

Listing Date

04 Oct 2017

Exchange

NSE SME

Price Band

₹57

Listing Price

See chart

Allotment Status

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Price Band

₹57

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

20,10,000 shares (aggregating up to ₹11.46 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹114,000

1 lot

Pre-IPO Holding

46,80,000 shares

Promoters

Post-IPO Holding

66,90,000 shares

Promoters

UPI Deadline

2017-09-25

Mandate

Anchor AllotmentMon, 18 Sep 2017

Basis of AllotmentSun, 01 Oct 2017

Refund InitiationMon, 02 Oct 2017

Demat CreditMon, 02 Oct 2017

Listing DayWed, 04 Oct 2017

UPI Mandate Deadline2017-09-25

Sale TypeFresh Capital

Net Offer to Public19,00,000 shares (aggregating up to ₹10.83 Cr)

Market Maker Quota1,10,000 shares (aggregating up to ₹0.6270 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

R M Drip & Sprinklers Systems Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Sep 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	110,000	—	₹0.63
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,010,000	100%	₹11.46

IPO Shares Offered

R M Drip & Sprinklers Systems Ltd IPO total issue size: ₹11.46 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	110,000	₹0.63	5.47%
Total	2,010,000	₹11.46	100.00%

* Based on upper price band ₹57 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹57.00

Upper Band

Min Investment

₹114,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹228,000
Retail (Max — 13 Lots)	13	26,000	₹1,482,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,596,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,752,000

* Issue Price ₹57 × Lot Size 2,000 shares

IPO Schedule

Anchor

18 Sep 2017

✓ Done

IPO Open

19 Sep 2017

✓ Done

IPO Close

25 Sep 2017

✓ Done

Allotment

01 Oct 2017

✓ Done

Refunds

02 Oct 2017

✓ Done

Demat Credit

02 Oct 2017

✓ Done

Listing Day

04 Oct 2017

✓ Done

₹57.00

INR · NSE

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Issue ₹57.00 Live Price

About R M Drip & Sprinklers Systems Ltd

Incorporated in 2004, R M Drip & Sprinklers System Ltd (RMD) is engaged in manufacture and sale of Micro Irrigation System (MIS) consisting of drip irrigation system and sprinkler irrigation system along with its components, irrigation accessories and allied products.RM Drip designs and manufactures, world class micro irrigation equipment's, In-house within its factory premises, situated at Sinnar, near Nashik. The company also assists farmers in designing and installation of their Sprinkler and Drip Irrigations Systems, according to their specific needs.RMD’s revenue mix comprises of open market and project market models. Majority of its revenue comes from open market with the help of channel partners. RMD operates in states of Maharashtra, Gujarat, Karnataka and MP. Company’s product range include HDPE Pipes, Pipes Fittings and Irrigation Equipments including drip/sprinkler systems, Disc filters, Screen filters, Hydro-Cyclone filters, Sand (Gravel) filters, Compression fittings, valves (Electric & Mechanical), Fertilizer Tanks etc.

Objects of the Issue

Working Capital Requirements

General Corporate Purposes

R M Drip & Sprinklers Systems Ltd Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered20,10,000 (100.00%)

Net Offer to Public19,00,000 shares (aggregating up to ₹10.83 Cr)

Reserved for Market Maker1,10,000 shares (aggregating up to ₹0.6270 Cr)

Pre-Issue Promoter Holding46,80,000 shares

Post-Issue Promoter Holding66,90,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much R M Drip & Sprinklers Systems Ltd IPO subscribed? ▲

R M Drip & Sprinklers Systems Ltd IPO is subscribed 1.00 times by Sep 25, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is R M Drip & Sprinklers Systems Ltd IPO retail subscription status? ▼

The R M Drip & Sprinklers Systems Ltd IPO retail category is subscribed 1.00 times as of 25 Sep 2017. The retail portion is oversubscribed.

How to subscribe R M Drip & Sprinklers Systems Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Sep 2017 and closes 25 Sep 2017. Min investment: ₹114,000 (1 lot = 2,000 shares). UPI mandate: 2017-09-25.

How many times R M Drip & Sprinklers Systems Ltd IPO subscribed? ▼

The R M Drip & Sprinklers Systems Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check R M Drip & Sprinklers Systems Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Oct 2017. Refunds: on 02 Oct 2017.

When R M Drip & Sprinklers Systems Ltd IPO will be listed? ▼

The R M Drip & Sprinklers Systems Ltd IPO listing date is 04 Oct 2017, Wednesday. Listed on: NSE SME. Issue price: ₹57. Estimated listing: ₹57. GMP: NIL.

When R M Drip & Sprinklers Systems Ltd IPO close? ▼

The R M Drip & Sprinklers Systems Ltd IPO closes on 25 Sep 2017, Monday. UPI mandate: 2017-09-25. Allotment: 01 Oct 2017. Listing: 04 Oct 2017.

Quick Actions

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Live Price LIVE

Last Price₹57.00

Change—

Issue Price₹57.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹57

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹114,000

GMPNIL

Est. Listing₹57

Subscribed1.00x

Open Date19 Sep 2017

Close Date25 Sep 2017

Allotment01 Oct 2017

Listing Date04 Oct 2017

ExchangeNSE SME

UPI Deadline2017-09-25