The Shri Ram Switchgears IPO date started from May 25, 2017 and ended on May 30, 2017
Shri Ram Switchgears is an IPO seeking to raise Rs 5.07 crore. price is ₹19 per share. The minimum lot size for an application is 6,000 shares. The minimum amount of investment required by retail investors is ₹114,000.
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Bidding Dates
May 25-30
Price Range
₹19 per share
Face Value
₹10 per share
GMP
₹8.30
Shri Ram Switchgears IPO GMP
The Shri Ram Switchgears Limited IPO GMP is ₹8.30 .
IPO Overview
Shri Ram Switchgears initial public offering (IPO) is a fixed-price offering of Rs 5.07 crores. The IPO auction for Shri Ram Switchgears began on May 25, 2017 and finished on May 30, 2017. On June 7, 2017, the shares were listed on the NSE SME. The IPO price for Shri Ram Switchgears is 19 per share. A lot size of 6000 shares is required for an application. Retail investors must make a minimum commitment of $140,000.
Customers are primarily power distribution companies. They sell their products and services to the states of Maharashtra, Rajasthan, Gujarat, Madhya Pradesh, Delhi, Odisha, and Uttar Pradesh. Customers include the Maharashtra State Electricity Board in Mumbai, B.E.S.T. in Mumbai, Reliance Energy Ltd. in Delhi and Mumbai, and B.S.E.S. Ltd. in Mumbai, Delhi, and Orrisa.
Shri Ram Switchgears IPO Details
| IPO Date | May 25, 2017 to May 30, 2017 |
| Listing Date | June 7, 2017 |
| Face Value | ₹10 per share |
| Price | ₹19 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,670,000 shares (aggregating up to ₹5.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Shri Ram Switchgears Listing Day Trading Information
| NSE SME | NSE SME |
|---|---|
| ₹19.00 | ₹19.00 |
| ₹22.80 | ₹22.80 |
| ₹22.80 | ₹22.80 |
| ₹22.80 | ₹22.80 |
| ₹22.80 | ₹22.80 |
Shri Ram Switchgears IPO Listing Details
| Listing Date | June 7, 2017 |
| BSE Script Code | |
| NSE Symbol | SRIRAM |
| ISIN | INE634W01012 |
| Final Issue Price | ₹19 per share |
Company Profile
Shri Ram Switchgears Limited, founded in 1985, is a company that designs and manufactures electrical goods. They produce Transformers (EHV, Power, Distribution, and Special Application) with capacities ranging from 5 mVA to 132 kV, as well as Oil Type Compact Sub-Stations. They also produce a complete line of HT and LT switchgear, including distribution boards, distribution boxes, control and relay panels, feeder pillars, ACB boxes, single phase boxes, MCB & MCCB panels, junction boxes, A.C./D.C. boards and other related products.
They carry out EPC contracts in the Power Transmission and Distribution sector, from design and engineering to testing and commissioning of electrical substations and transmission lines.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Shri Ram Switchgears Limited |
| Phone number | +91 7412 235554 |
| Email ID | info@shriramswitchgears.com |
| Website | www.shriramswitchgears.com |
IPO Strenghts
- 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.
