Shri Ram Switchgears IPO


Shri Ram Switchgears IPO

Shri Ram Switchgears IPO

Shri Ram Switchgears is engaged in manufacturing of Transformers, Distribution boxes, Switchgears, Junction Boxes, Feeder Pillars, Panels, LT (Low Tension)/ HT (High Tension) Line materials and other electrical products required in power distribution system utilities. The company also undertakes turnkey projects including erection, installation, operation and maintenance services of power transmission lines.

The company also undertakes EPC contracts in the Power Transmission and Distribution sector covering the full range from design and engineering to testing and commissioning of electrical substations and transmission lines. The company is eligible for the power development projects issued by World Bank and Asian Development Bank. It has a vast experience in the power sector and whole gamut of Power Distribution and Transmission products in product portfolio. This enables it to undertake and complete EPC contracts within quickest time frame and of the highest quality standards. Further, in the financial period ending February 28, 2017 it also traded in electronic items including computer and computer peripherals.

Shri Ram Switchgears’ customers are majorly the Power DISCOMs (Distribution Companies). We cover the states of Maharashtra, Rajasthan, Gujarat, Madhya Pradesh, Delhi, Odisha, Uttar Pradesh for supply of our products and services.

Promoters of Shri Ram Switchgears – Nilesh Kumar Jhalani, Rohit Kumar Jhalani and Devraj Jhalani

Shri Ram Switchgears IPO details

Subscription Dates 25 – 30 May 2017
IPO Price band INR19 per share
Fresh issue 2,670,000 shares (INR5.07 crore)
Offer for sale Nil
Total IPO size 2,670,000 shares (INR5.07 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform


Shri Ram Switchgears’ financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016 11M FY2017
Total revenue 27.16 22.02 39.21 54.37 48.23 55.36
Total expenses  26.72 20.82 38.60 52.56 47.05 52.43
Profit after tax -0.98 1.13 0.41 1.21 0.85 1.76

Subscription (no. of times)

Day 1  0.46
Day 2  0.82
Day 3 3.22
Day 4  69.11

Shri Ram Switchgears Limited
Shri Ram Bhawan, Goushala Road
Ratlam, Madhya Pradesh – 457 001

Phone: +91 7412 235554
Email: [email protected]

Earnings Per Share (EPS): INR1.16

Price/Earnings (P/E) ratio: 16.38

Return on Net Worth (RONW): 9.42%

Net Asset Value (NAV): INR12.33 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]

Shri Ram Switchgears IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.

IPO Opening Date: 25 May 2017

IPO Closing Date: 30 May 2017

Listing Date: 7 June 2017

Listing Price on NSE SME: INR22.8 per share (up 20% from IPO price)

Closing Price on NSE SME: INR22.8 per share (up 20% from IPO price)


      • If u put 3 lot under 1 pan than ur application will be under NII category and not RII category as total amt will be more than 2 lacs & will be treated as 1 application , its better to apply application under different pan of your family members. Chances of allotment is more. This was my 1st SME IPO application and luckily I got allotment. Hoping for great listing on 7th june. All the best to all alloties


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