Registered Office:
7 KM From Chaksu KhotkawdaRoad,Tehsil Chaksu Tonk Road,
Jaipur -
303901,
Rajasthan, India.
Phone : 91-141-4031516/4400222 Fax:91-141-2759678
Email : info@rmcindia.in
Website : www.rmcindia.in
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| 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.
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 28-Feb-17 |
03-Mar-17 |
27.00-0.00 |
0.00-0.00 |
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Minimum Application for shares in Nos :
4000
Further Multiples of :
4000
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Rs Cr |
Lead Managers to the Issue |
| Project Cost |
1.94 |
Hem Securities Ltd
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| Project Financed through Current Offer |
4.15 |
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| Post Issue Equity Share Capital |
5.09 |
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| Issue Price |
27.00 |
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