RMC Switchgears Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 720,000 (47%) | — | ₹194 Cr |
| Retail | — | 720,000 (47%) | — | ₹194 Cr |
| Market Maker | — | 96,000 (6%) | — | ₹3 Cr |
| Σ Total | — | 1,536,000 (100%) | — | ₹4,147 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 | 4,000 | ₹108,000 |
| Retail (Max) | 13 | 52,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 268,000 | ₹7,236,000 |
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
- To Meet Working Capital Requirement – 1.55
- General Corporate Purpose – 0.39
Company Overview
Incorporated in 1994, RMC Switchgears Limited is Jaipur Rajasthan based manufacturer for electrical enclosures. Company manufactures all types of enclosures in Sheet Molded Compound, Deep Drawn, Fabricated , Polycarbonate under one roof.
Company uses ultra modern automatic machineries from USA, Japan, Germany and Korea to achieve the best quality and uniformity at manufacturing facilities spread over an area of 8 Lac Sq ft.
RMC is approved vendors for all the state electricity utilities. Company are also approved vendors for the large corporate of India viz. Tatas, L& T, NCC, KEI, IRCON, Drake & Scull etc
RMC have in-house Research and Development Centre with Tool Room which helps the company to make the desired enclosure moulds within small time frame.
RMC received ISO 9001:2008 certification on the quality management system.
RMC Strengths:
• Large & Diverse Product Portfolio
• Quality of the products gives a market edge for most of the suppliers
• Integrated manufacturing facility
• Established relationship with institutional customers
• Experienced Promoter and skilled workforce
• Manufacturing of SMC enclosures, demand for which is continuously rising
• The company has well knit marketing network