The R M Drip IPO date has been confirmed to have started on September 19, 2017 and ended on September 25, 2017.
Using an IPO, R M Drip is seeking to raise Rs 11.46 crores. Its price band is set at ₹53 to ₹57 per share. The minimum lot size for an application is 2000 shares. The minimum amount of investment required by retail investors is ₹114,000.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of R M Drip IPO:
Bidding Dates
September 19-25
Price Range
₹53 to ₹57 per share
Face Value
₹10 per share
GMP
₹94.05
R M Drip IPO GMP
The R M Drip Limited IPO GMP Today is ₹94.05.
IPO Overview
R M Drip IPO is a Rs 3.65 crore book-built issuance. R M Drip’s initial public offering (IPO) bid began on July 28, 2017 and ended on August 1, 2017. On August 9, 2017, the shares were listed on the NSE SME. IPO pricing range is set at 38 to 40 cents per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $120,000 to participate.
RMD’s revenue is split between open market and project market models. The majority of its revenue is generated in the open market through channel partners. RMD has operations in Maharashtra, Gujarat, Karnataka, and MP. HDPE pipes, pipe fittings, and irrigation equipment such as drip/sprinkler systems, disc filters, screen filters, hydrocyclone filters, sand (gravel) filters, compression fittings, valves (electric and mechanical), fertilizer tanks, and so on are among the company’s products.
R M Drip IPO Details
| IPO Date | September 19, 2017 to September 25, 2017 |
| Listing Date | October 4, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹57 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,010,000 shares (aggregating up to ₹11.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
R M Drip IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
R M Drip IPO Listing Details
| Listing Date | October 4, 2017 |
| BSE Script Code | |
| NSE Symbol | RMDRIP |
| ISIN | INE219Y01018 |
| Final Issue Price | ₹57 per share |
Company Profile
R M Drip & Sprinklers System Ltd (RMD) was founded in 2004 and specialises in the production and distribution of Micro Irrigation Systems (MIS) that include drip irrigation systems and sprinkler irrigation systems, as well as their components, irrigation accessories, and linked items.
RM Drip designs and manufactures world-class micro irrigation equipment in-house at its facilities in Sinnar, near Nashik. The company also helps farmers design and install Sprinkler and Drip Irrigation Systems based on their individual needs.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | R M Drip & Sprinklers Systems Ltd |
| Phone number | +91-2551-218919 |
| Email ID | [email protected] |
| Website | rmdrip.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
R M Drip IPO FAQs
When R M Drip IPO will open?
The R M Drip IPO opens on September 19, 2017 and closes on September 25, 2017.
What is the lot size of R M Drip IPO?
R M Drip IPO lot size is 2000 Shares, and the minimum amount required is ₹114,000.
When is R M Drip IPO listing date?
The R M Drip IPO listing date is on October 4, 2017.
Leave a Reply