Ranjeet Mechatronics Limited IPO

Ranjeet Mechatronics Limited

Issue Open

Sep 12, 2018

Price Band

₹ 25

Issue Size

₹ 4.50 Cr

Credit of Shares to Demat

-

Issue Close

Sep 17, 2018

Bid Lot

6000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

6000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Sep 26, 2018

Refunds

-

About the company:

Ranjeet Mechatronics Limited is considered as India’s Fastest Growing Integrator and Turnkey enterprise contractor for Fire Protection & Detection Systems, Electronic Security & Automation Solution Provider Company possessing presence across the Nation. It has also obtained dealership from Kirloskar for supplying Agricultural engines, Industrial engines and Marine engines. In the year 2006-07, it has achieved 2nd largest sales turnover in the Ahmedabad Region which was recognised by Kirloskar Brother Limited.

Date of Establishment: The company was initially incorporated as ‘Ranjeet Electric Private Limited’ in the city of Ahmedabad on 10th of June 1993. Subsequently, the company was reformed to public limited company and name was revised to ‘Ranjeet Mechatronics Limited’ on 28th March 2018.

Promoters of Ranjeet Mechatronics Limited: Mr Rakesh Vallabhbhai Swadia and Mr Devarshi Rakesh Swadia are the promoters of Ranjeet Mechatronics Limited.  

Products and Services Offering: The Company has a diversified product range across Fire and Safety Equipments manufacturing sector that consists of:

  • - Fire Hydrant System

  • - Fire Sprinkler System

  • - Fire Detection System

  • - Gas Suppression System

  • - Fire Extinguishers System

  • - High-Velocity Water Spray System

  • - CCTV Systems

Customer Segments: The Company has a strong customer base spread across the Nation. Some of its clientele includes International Cricket Stadium Uttar Pradesh, IIM Chhattisgarh and Samajwadi Yogana Lucknow among others.

Objects of Ranjeet Mechatronics Limited IPO: The Core Objectives of Ranjeet Mechatronics Limited IPO are:

  • - Net Incremental Working Capital Requirement.

  • - General Corporate Purpose.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

2 241.69

2 084.00

1 805.68

1 396.98

7 4.98

Total Revenue

1 803.69

1 763.73

2 528.67

2 400.03

1 090.28

Profit After Tax

9 .31

5 .95

1 .08

4 9

3.09

FAQ’s

Can I trade an IPO through a Discount Broker?

What are the benefit of buying & selling IPOs through a discount broker?

How is it possible to trade an IPO through a discount broker when SEBI has made mandatory to buy an IPO through ASBA?

How can I buy and sell IPO through a discount broker?

What documents are required to open an account with Samco?