Ranjeet Mechatronics IPO

Ranjeet Mechatronics IPOBusiness description - Incorporated in 1993, Ranjeet Electric Private Limited’s main object was to carry on the business of electrical and electrical mechanical engineers and sell supply, establish, fix and carry out and deal in industrial pumps, diesel engines, electrical motors and equipments etc. In 2009, the company took distributorship of fire pumps and fire engines of Kirloskar. In subsequent years, the firm – through its subsidiaries – has been awarded a work contract of sewage treatment plant, pumping system including water softening and water distribution system at Nashik Airport. In 2013-14, another group firm was awarded a contract of approximately INR10 crores from NCC Limited at Vardhaman Institute of Medical Science for Design, Supply, Transportation, Installation, Testing, Commissioning related to fire hydrant system, sprinkler system, fire Extinguishers, fire pumps, gas based fire Suppression system. The company’s name was changed to Ranjeet Mechatronics Limited in May 2018.

Promoters of Ranjeet Mechatronics – Mr Rakesh Vallabhbhai Swadia and Mr Devarshi Rakesh Swadia
Ranjeet Mechatronics IPO details
Subscription Dates 12 - 17 September 2018
IPO Price band INR25 per share
Fresh issue 1,800,000 shares (INR4.5 crore)
Offer for sale Nil
Total IPO size 1,800,000 shares (INR4.5 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirement - INR3.12 crore
  • General Corporate Purpose - INR1.00 crore
  • Issue Expenses - INR0.38 crore
Ranjeet Mechatronics' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 10.9 24.0 25.3 17.6 18.0
Total expenses 10.8 23.9 25.0 16.9 16.7
Profit after tax 0.03 0.05 0.16 0.51 0.91
Ranjeet Mechatronics' Contact Details

Ranjeet Mechatronics Limited
Block A, Office No: 407, Dev Aurum
Anand Nagar Char Rasta, Prahlad Nagar Road
Ahmedabad – 380 015

Phone: +91 79 4000 9390
Email: cs.compliance@ranjeet.co.in
Website: www.ranjeet.co.in

Ranjeet Mechatronics IPO Subscription Details
Day Subscription (no. of times)
Day 1 5.23
Day 2 6.51
Day 3 66.03

 

Ranjeet Mechatronics Valuation (For FY2018, post bonus)

Earnings Per Share (EPS): INR2.20

Price/Earnings (P/E) ratio: 11.36

Return on Net Worth (RONW): 35.3%

Net Asset Value (NAV): INR6.23 per share

Registrar of Ranjeet Mechatronics IPO

Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi - 110 055

Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: info@alankit.com
Website: www.alankit.com

Ranjeet Mechatronics IPO Allotment Status

Ranjeet Mechatronics IPO allotment status is now available on Alankit Assignments' website. Click on this link to get allotment status.

Listing performance of Ranjeet Mechatronics

IPO Opening Date: 12 September 2018

IPO Closing Date: 17 September 2018

Finalisation of Basis of Allotment: 21 September 2018

Initiation of refunds: 25 September 2018

Transfer of shares to demat accounts: 25 September 2018

Listing Date: 26 September 2018

Listing Price on BSE SME: INR27.5 per share (up 10% from IPO price)

Closing Price on BSE SME: INR28.85 per share (up 15.4% from IPO price)

Ranjeet Mechatronics IPO
4 (80%) 1 vote

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