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R M Drip & Sprinklers Systems Ltd
Registered Office:
Gat No.475 Village Gonde,Taluka Sinnar,
Nashik - 422113,
Maharashtra, India.
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
57.00-0.00
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
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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