R M Drip SME IPO Price Band, Market Lot & Dates Details

IPO Initial Public Offerings

R M Drip IPO is going to hit market on 19 September, Thursday. R M Drip & Sprinklers System Ltd (RMD) is manufacturer of Micro Irrigation Systerm consiting of drip irrigation system and sprinkler irrigation system along with its components, irrigation accessories and allied products. They have world class manufacturing facilities of this products. They operates from Madhya Pradesh, Gujarat, Maharashtra and Karnataka. Their products includes HDPE pipes, pipe fittings, filters, valves, fertilizer tanks and Irrigation Equipments including drip/sprinkler systems.

IPO Review:

  • Might come up good with Long term

R M Drip IPO Dates & Price Band:

  • IPO Open:  19 September 2017
  • IPO Close: 25 September 2017
  • IPO Size: Approx 11.46 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.53 – 57 Per Equity Share
  • Listing on: NSE SME

IPO Market Lot:

  • Shares: Apply for 2,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,14,000

Grey Market Premium:

  • The grey market is around N/A Subject to Sauda.

Subscription Status:

  • IPO Subscribed 0.51 times till 22-September

R M Drip IPO Allotment Status:

Company Promoters:

    • Vijaykumar Kshirsagar
    • Shubhangi Kshirsagar
    • Arjun Makani

    Quick Links:
    Red Herring Prospectus

    IPO Registrar:
    Bigshare Services Pvt. Ltd
    Phone: 91-22-40430200
    Fax: 91-22-2847 5207
    Email: [email protected]
    Website: http://www.bigshareonline.com
    IPO Lead Managers:

    • PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED

    Company Address:
    R M Drip & Sprinklers Systems Ltd
    Gat No.475 Village Gonde,
    Taluka Sinnar,
    Nashik – 422113
    Phone: +91-2551-218919
    Fax: NA
    Email: [email protected]
    Website: http://www.rmdrip.com

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