RBM Infracon IPO Detail
RBM Infracon Limited is primarily engaged in engineering, execution, testing, commissioning, operating & maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal/Gas based power plants, etc.
Its key business services include Fabrication & Erection of structural work, Fabrication & Erection of Piping, ARC maintenance, Turnaround, blasting & painting, Insulation and Refractory, Electrical and Instrumentation, NDT services, and others.
The firm provides services at different plants like CDU-VDU, DHDS, NHT-CCR, HMU-I & II, CPP, DCU, Rail and Jetty and is also involved in ARC maintenance jobs in RIL-Jamnagar and YARA-Babrala. It has successfully executed 14 Turnaround Shutdowns at Reliance Industries Ltd (RIL), Nayara Energy, and Yara Fertilisers.
As on Sep 6, 2022, it has an order book value of Rs 121 Crores, and recently, it has received a new order worth Rs 200 Crores from Malco Energy Ltd for operations & maintenance of the Metcoke Manufacturing Plant.
Strengths
- Strong project execution capabilities.
- Experienced management team.
- High growth opportunities in the infrastructure sector.
Company Promoters
Mr. Jaybajrang Ramaishish ManiIPO Details
| IPO Opening Date | Dec 23, 2022 |
| IPO Closing Date | Dec 27, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹8.37 Cr |
| Fresh Issue | ₹8.37 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.34x | 1.05x | 0.70x | |
| Day 2 | - | - | 0.86x | 4.63x | 2.75x | |
| Day 3 | - | - | 46.32x | 34.33x | 40.32x |
IPO Tentative Timetable
The RBM Infracon IPO open date is Dec 23, 2022, and the close date is Dec 27, 2022. The issue may list on Jan 04, 2023.
| IPO Open Date | Dec 23, 2022 |
| IPO Close Date | Dec 27, 2022 |
| Basis of Allotment Date | Dec 30, 2022 |
| Initiation of Refunds | Jan 02, 2023 |
| Credit of Shares to Demat Account | Jan 03, 2023 |
| IPO Listing Date | Jan 04, 2023 |
IPO Lot Size
The RBM Infracon IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108000 |
| Maximum | 1 | 3000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2115.97 | 3516.78 | -12.03 |
| 31-Mar-21 | 2333.62 | 3888.74 | -133.24 |
| 31-Mar-22 | 2503.6 | 4763.06 | 190.99 |
| 30-Jun-22 | 2450.29 | 1027.2 | 65.4 |
Objects of the Issue:
- Meet working capital requirements.
- General corporate purposes.
- Meet public issue expenses.
RBM Infracon IPO Registrar:
Skyline Financial Services Private Ltd
RBM Infracon IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
RBM Infracon
C/O Rahul Mani Tripathi Mb Complex,
Main Road,
Baitalpur
