RMC Switchgears Ltd - IPO

RMC Switchgears Ltd IPO Details

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.

Objective of issue

To meet working capital requirement. General corporate purpose.

RMC Switchgears Ltd Contact Details

RMC Switchgears Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - info@rmcindia.in

Website - www.rmcindia.in