RMC Switchgears IPO


RMC Switchgears IPO


RMC Switchgears logo

RMC Switchgears Limited is an ISO 9001:2008 certified company primarily engaged in the business of designing and manufacturing of Enclosures of Energy Meters, LT/HT Distribution Boxes and Panels, Junction Boxes, Feeder Pillars and other Power Distribution and Circuit Protection Switchgears made from Mild Steel, Stainless Steel in Fabrication and Deep Drawn Process along with Sheet Moulding Compound and Bulk Moulding Compound (DMC) materials. The company also undertakes work involving laying of energy transmission lines and establishing electric substation, fixing of new energy meters and shifting of existing energy meters. In the fiscal year 2015-16, RMC Switchgears has undertaken work of laying of power cable project for Churu, Sujangarh, Ladnu, Ratangarh, Sadulpur and Phalodi circles of Jodhpur Vidyut Vitran Nigam Limited – A Rajasthan State Government Company.

The company was incorporated in year 1994 as RFH Metal Castings Private Limited and was converted into a public limited company in year 2008. RMC Switchgears’ customer base includes many names from Indian private sector namely Larson & Toubro Limited, KEI Industries Limited, NCC Limited, IL&FS Engineering & Construction Co Ltd, BSES Ltd, IRCON Ltd, Drake & Scull Ltd, etc and state owned power utilities in the states of Rajasthan, Haryana, Uttar Pradesh, Madhya Pradesh, Punjab, Bihar, Karnataka, Gujarat, Uttaranchal and Assam.

Promoters of RMC Switchgears Limited – Ashok Kumar Agarwal, Ankit Agrawal, Neha Agrawal

RMC Switchgears IPO details

Subscription Dates 28 Feb – 3 Mar 2017
IPO Price band INR27 per share
Fresh issue 768,000 shares (INR2.07 crore)
Offer for sale 768,000 shares (INR2.07 crore)
Total IPO size 1,536,000 shares (INR4.14 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME


RMC Switchgears’ financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue


38.27 40.87 45.74


Total expenses


38.19 40.61 45.39


Profit after tax

-0.24 0.20 0.20 0.24



Day Subscription (no. of times)
Day 1  0.09
Day 2  1.07
Day 3  2.86
Day 4  23.3

RMC Switchgears Limited
7 KM from Chaksu, Khotkawda Road, Village Badodiya,
Tonk Road, Jaipur 303901

Phone: +91 141 403 1516
Email: [email protected]
Website: www.rmcindia.in

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 6171 5400
Fax: +91 22 2596 0329
Email: [email protected]
Website: http://www.linkintime.co.in

RMC Switchgears IPO allotment status is available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at

IPO Opening Date: 28 February 2017

IPO Closing Date:  3 March 2017

Listing Date: 14 March 2017

Listing Price on BSE SME: INR29.5 per share (return of 9.2% on IPO price)

Closing Price on BSE SME: INR32.4 per share (return of 20% on IPO price)


  1. So much in revenue and never it crossed 1 crore in profits. Shit business and very sad to see ppl lining up to buy this


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