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RMC Switchgears Ltd
Registered Office:
7 KM From Chaksu KhotkawdaRoad,Tehsil Chaksu Tonk Road,
Jaipur - 303901,
Rajasthan, India.
Website :  www.rmcindia.in
Initial public offer of 15,36,000 equity shares of face value of (Rs) 10 each ("equity shares") of RMC Switchgears Limited ("company" or "issuer") for cash at a price of (Rs) 27 per equity share (including a share premium of (Rs) 17 per equity share) ("issue price") aggregating to (Rs)4.15 crores ("issue" ) consisting of a fresh issue of 7,68,000 equity shares of face value of (Rs) 10 each ("equity shares") for cash at a price of (Rs) 27 per equity share aggregating to (Rs) 2.07 crores ("issue") and 7,68,000 equity shares of face value of (Rs) 10 each ("equity shares") for cash at a price of (Rs) 27 per equity share aggregating to (Rs) 2.07 crores through an offer for sale by Mr. Ankit Agrawal, Mr. Ashok Kumar Agarwal, Mrs. Parwati Bai Agarwal, Mrs. Santosh Agarwal, M/s Vitthal Das Agrawal HUF, M/s. Ashok Kumar Agarwal HUF and Argent Leasing & Finance Private Limited (collectively referred as selling shareholders including promoters) of which 96,000 equity shares of face value of (Rs) 10.00 each for a cash price of (Rs) 27 per equity share, aggregating to (Rs) 0.26 crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 14,40,000 equity shares of face value of (Rs) 10.00 each at an issue price of (Rs) 27 per equity share aggregating to (Rs) 3.89 crores ("Net Issue"). The issue and the net issue will constitute 30.16% and 28.28%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs) 10.00 each and the issue price is (Rs) 27 The issue price is 2.7 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
28-Feb-17
03-Mar-17
27.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000   Further Multiples of : 4000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
1.94
Hem Securities Ltd
Project Financed through Current Offer
4.15
 
Post Issue Equity Share Capital
5.09
 
Issue Price
27.00
 
Projects
To meet working capital requirement
General corporate purpose
Promoted By
Ashok Kumar Agarwal
Ankit Agrawal
Neha Agrawal
Listing At
BSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd
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