Ranjeet Mechatronics Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 852,000 (47%) | — | ₹213 Cr |
| Retail | — | 852,000 (47%) | — | ₹213 Cr |
| Market Maker | — | 96,000 (5%) | — | ₹2 Cr |
| Σ Total | — | 1,800,000 (100%) | — | ₹4,500 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹150,000 |
| Retail (Max) | 13 | 78,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 84,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 402,000 | ₹10,050,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Revenue | 1,804 | 1,764 | 2,529 |
| Profit After Tax | 91 | 51 | 16 |
| Total Assets | 2,242 | 2,084 | 1,806 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Net Incremental Working Capital Requirement – 3.12
- 2 General corporate Purpose – 1.00
Company Overview
Incorporated in 1949, Ahmedabad based Ranjeet Mechatronics Limited is a company engaged in the business of providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in installation, designing, commission, testing, implementation, management and operational support for security and fire solutions.
Some of the projects completed by the company are-
1. Chennai Metro Rail Pump House
2. Goa Shipyard Modernisation Project Phase- 3A
3. Medical College Sola, Ahmedabad
4. Kalpana Chawla Government Medical, College, Karnal Haryana
5. Vardhaman Institute of Medical
Science (VIMS) Project
The company has 27 employees on its payroll.
Competitive Strengths-
1. Over 2 decades of experience
2. Perfectly positioned to benefit from government's focus on infrastructure
3. Good track record of timely completion of projects