The Shri Ram Limited Switchgears IPO date started from May 25, 2017 and ended on May 30, 2017. Read the post to learn about Shri Ram Switchgears Limited IPO GMP.
Shri Ram Switchgears Limited 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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Key Details Of Shri Ram Switchgears Limited IPO:
Bidding Dates
May 25-30
Price Range
₹19 per share
Face Value
₹10 per share
GMP
₹8.30
Shri Ram Switchgears Limited IPO GMP
The Shri Ram Switchgears Limited IPO GMP Today is ₹8.30.
Shri Ram Switchgears Limited IPO Overview
Shri Ram Switchgears Limited 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. Shriram Switchgears Limited’s IPO price is 19 per share. An application requires a lot size of 6,000 shares. Retail investors must commit a minimum of $140,000.
Customers are predominantly electricity distribution corporations. They sell their products and services in 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 Limited Financials Information
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 Limited 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 Limited 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 manufacture transformers (EHV, Power, Distribution, and Special Applications) with capacities ranging from 5 mVA to 132 kV, as well as oil-type compact substations. They also manufacture a full range of HT and LT switchgear, including as 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 items.
They work on 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 | [email protected] |
Website | ipo.bigshareonline.com |
Contact Details
Name | Shri Ram Switchgears Limited |
Phone number | +91 7412 235554 |
Email ID | [email protected] |
Website | www.shriramswitchgears.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.
Shri Ram Switchgears Limited IPO FAQs
When Shri Ram Switchgears IPO will open?
The Shri Ram Switchgears IPO opens on May 25, 2017 and closes on May 30, 2017.
What is the lot size of Shri Ram Switchgears IPO?
Shri Ram Switchgears IPO lot size is 6000 Shares, and the minimum amount required is ₹114,000.
When is Shri Ram Switchgears IPO listing date?
The Shri Ram Switchgears IPO listing date is on June 7, 2017.
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