RM Drip & Sprinklers is engaged in manufacture and sale of Micro Irrigation System (MIS) consisting of Drip Irrigation System and Sprinkler Irrigation System, its components, irrigation accessories and allied products. Our business model can be categorized broadly into two categories – project markets and open market sales.
Our Product Range includes wide variety of products HDPE Pipes, Pipes Fittings and Irrigation Equipments including Drip Irrigation Systems, Sprinkler Irrigation Systems, Disc Filters, Screen Filters, Hydro-Cyclone Filters, Sand (Gravel) Filters, Compression Fittings, Valves (Electric & Mechanical), Fertilizer Tanks, etc. As part of project market sales we undertake supply, installation and provision of agronomical services to farmers.
Our manufacturing unit is located at Gat No 475, Gonde Taluka, Sinnar, Nasik- 422113 admeasuring around 10100 sq. mts. is well equipped with requisite plant and machineries and other facilities. The installed capacity of our plant is 1,98,000 metres, for Cylindrical Drip is 25,20,000 and for Flat In Line is 47,66,667 meters and respective per month.
Promoters of RM Drip & Sprinklers – Vijay Kumar Kshirsagar, Shubhangi Kshirsagar, Arjun Makani, lilaben Makani, Nivrutti Kedar and Surekha Kedar
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RM Drip & Sprinklers IPO details |
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| Subscription Dates | 19 – 25 September 2017 |
| IPO Price band | INR53 – 57 per share |
| Fresh issue | 2,010,000 shares (INR10.65 – 11.46 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,010,000 shares (INR10.65 – 11.46 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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RM Drip & Sprinklers’ financial performance (in INR lakh) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 258.4 | 310.3 | 578.6 | 1,178.5 | 2,872.6 | |
| Total expenses | 247.0 | 306.5 | 532.1 | 1,130.6 | 2,667.1 | |
| Profit after tax | 7.9 | 2.7 | 24.1 | 32.3 | 136.1 | |
RM Drip & Sprinklers Systems Limited
Gat No. 475, Village Gonde,
Taluka Sinnar,
Nashik-422113
Phone: +91 2551 218919
Email: [email protected]
Website: www.rmdrip.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.31 |
| Day 2 | 0.40 |
| Day 3 | 0.48 |
| Day 4 | 0.51 |
| Day 5 | 1.20 |
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Earnings Per Share (EPS): INR4.1
Price/Earnings (P/E) ratio: 12.92 – 13.90
Return on Net Worth (RONW): 35.08%
Net Asset Value (NAV): INR16.30 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
RM Drip & Sprinklers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 19 September 2017
IPO Closing Date: 25 September 2017
Finalisation of Basis of Allotment: 28 September 2017
Initiation of refunds: 29 September 2017
Transfer of shares to demat accounts: 29 September 2017
Listing Date: 4 October 2017
Listing Price on NSE SME: INR57.1 per share (up 0.2% from IPO price)
Closing Price on NSE SME: INR58.8 per share (up 3.1% from IPO price)
