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Open
19 Sep 2017
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Close
25 Sep 2017
3
Allotment
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Listing
Wed, Oct 4, 2017
Price Band
₹53 to ₹57
Issue Size
20,10,000 shares (agg. up to ₹11 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Oct 4, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.03x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 23.73 | 10.30 | 5.19 |
| Total Income | 28.73 | 11.79 | 5.79 |
| Profit After Tax | 1.36 | 0.32 | 0.24 |
| NET Worth | 3.88 | 2.52 | 1.28 |
| Reserves and Surplus | 1.50 | 1.12 | 0.80 |
| Total Borrowing | 11.42 | 3.84 | 2.41 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shish Industries Ltd. | SME | ₹4.06 Cr | ₹30 | null | ₹32.95 | +9.83% | ₹13.02 (+0.46%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 7.50 |
| 2 | General Corporate Purposes | 2.46 |
About R M Drip IPO
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.+ Read More
Contact Details
R M Drip & Sprinklers Systems Ltd. AddressGat No.475Village GondeTaluka SinnarNashik, Maharashtra, 422113+91-2551-218919info@rmdrip.comVisit Website