IPO
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IPO Synopsis
R M Drip & Sprinklers Systems Ltd
Registered Office: Gat No.475 Village Gonde,Taluka Sinnar , Nashik - 422113 , Maharashtra , India.
Phone : 91-2551-218919   Fax:
Email :  info@rmdrip.com  
Website :  www.rmdrip.com
Initial public offer consisting of upto 20,10.000* equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. [*] per equity share (the "issue price") (including a share premium of Rs. [*] per equity share) aggregating up to Rs. [*]** crores (the "issue"), of which upto [*]/- equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share, aggregating Rs. [*]/- crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of upto [*]/- equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share, aggregating Rs. [*] crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute [*]% and [*]% respectively of the fully diluted post issue paid up equity share capital of the company. Price band:Rs.53 to Rs.57 per equity share of face value of Rs.10 each. The floor price is 5.3 times the face value and the cap price is 5.7 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
19-Sep-17 25-Sep-17 Rs 53.00-57.00 Rs 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000


  Rs Cr Lead Managers to the Issue
Project Cost 0.00 
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 10.65   
Post Issue Equity Share Capital  6.69   
Issue Price Rs.53.00   
 
Projects
Funding the working capital requirements of the company General corporate purpose
Promoted By
Vijaykumar Kshirsagar 
Shubhangi Kshirsagar 
Arjun Makani 
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd  
 
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Source : C-MOTS Infotech