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 fresh issue 20,10.000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 57 per equity share (the "issue price") (including a share premium of Rs. 47 per equity share) aggregating up to Rs. 11.46 crores (the "issue"), of which upto 1,10,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 57/- per equity share, aggregating Rs. 0.63/- 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 19,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 57/- per equity share, aggregating Rs. 10.83 crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 30.04% and 28.40% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of equity share is Rs.10 each. The issue price is Rs.57 and is 5.7 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
19-Sep-17 25-Sep-17 Rs 57.00-0.00 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 11.46 
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 11.46   
Post Issue Equity Share Capital  6.69   
Issue Price Rs.57.00   
 
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