Thursday, September 21, 2017

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

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
IPO Lead Managers:
Company Address:
R M Drip & Sprinklers Systems Ltd
Gat No.475 Village Gonde,
Taluka Sinnar,
Nashik - 422113
Phone: +91-2551-218919
Fax: NA