Ranjeet Mechatronics IPO – Review, Allotment status, Subscription, GMP Price & more

Ranjeet Mechatronics Limited provides specialized firefighting solutions as a system integrator. Their expertise is to provide end to end solution in the installation, designing, commission, testing, implementation, management and operational support for technology – based security and fire solutions. Ranjeet Mechatronics IPO consists of 18,00,000 equity shares for cash at a price of Rs. 25 per equity share aggregating up to Rs 450 Lakhs.

Let’s have a detailed review of the company and analytics of the Ranjeet Mechatronics IPO release date, IPO offer price, subscription, Ranjeet Mechatronics IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Ranjeet Mechatronics IPO Review & Ratings

Ranjeet Mechatronics IPO Ratings & Review
Criteria Ratings
Industry Sentiments  6.8/10
Industry Ranking  6.6/10
Company Background 6.6/10
Company Reputation 6.4/10
Competitive Edge 6.7/10
Financial Statements 6.5/10
Popularity Index 6.9/10
Promoters Reputation 6.3/10
Retail Appetite  6.8/10
Top Brokers Review 6.8/10
Overall Ratings  6.5/10
Star Ratings ★★★☆☆

Summary of Ranjeet Mechatronics IPO

Ranjeet Mechatronics IPORanjeet Mechatronics Limited provides specialized firefighting solutions as a system integrator. Their expertise is to provide end to end solution in the installation, designing, commission, testing, implementation, management and operational support for technology – based security and fire solutions.The Issue comprises of a Public Issue of 18, 00,000 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price of Rs.25.00 (including a premium of Rs.15.00 per Equity Share) aggregating to Rs. 450.00 lakhs

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 2.02% and 79.2%, respectively.

  • For the period ended FY 2017-18, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.1803.69 Lakhs, Rs. 1763.73 Lakhs and Rs.2528.67 Lakhs, respectively representing growth of 2.02% from the FY 2017-18 to FY 2016-17. 
  • The Net Asset Value of the Equity Share was Rs. 47.03 (pre Bonus) per Equity Shares and Rs. 6.23 (Post Bonus) per Equity Share as at March 31, 2018
  • Company’s Net Profit after tax for the year 2017-18 is Rs. 91.31 Lacs from the year 2016-17 of Rs. 50.95 Lacs showing an increase of 79.2% from last year, showing remarkable performance.

The Promoter of this company is MR. RAKESH VALLABHBHAI SWADIA AND MR. DEVARSHI RAKESH SWADIA. The lead manager to the issue is BEELINE BROKING LIMITED and the Registrar to this issue is ALANKIT ASSIGNMENTS LIMITED.


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Ranjeet Mechatronics IPO Date

The opening and the closing date of IPO of Ranjeet Mechatronics is not known yet.


Ranjeet Mechatronics IPO Subscription

  Subscription
Day 1 X
Day 2  X
Day 3 X
Day 4  X
Day 5  X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Ranjeet Mechatronics IPO Allotment Status

This is a Public Issue of 18,00,000 equity shares of face value of Rs. 10 each of Ranjeet Mechatronics Limited (“Ranjeet” or the “Company” or the “Issuer”) for cash at a price of Rs. 25 per equity share including a share premium of Rs. 15 per equity share (the “issue price”) aggregating to Rs. 450.00 Lakh (“the issue”), of which 96,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 25 per equity share including a share premium of Rs. 15 per equity share aggregating to ` 24.00 Lakh will be reserved for subscription by market maker to the issue (the “market maker reservation portion”). the issue less the market maker reservation portion i.e. net issue of 17,04,000 equity shares of face value of Rs. 10 each at a price of Rs. 25 per equity share including a share premium of Rs. 15 per equity share aggregating to Rs. 426.00 Lakh. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.


Ranjeet Mechatronics IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Ranjeet Mechatronics IPO Equity Share Offering

18,00,000 Equity Shares of Rs 10/- each for cash at a price of Rs. 25 per equity share including a share premium of Rs. 15 per equity share (the “issue price”) aggregating to Rs. 450.00 Lakh).


Ranjeet Mechatronics Limited – Company Overview

Ranjeet Mechatronics was originally incorporated as “Ranjeet Electric Private Limited” at Ahmedabad on June 10, 1993, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, consequent upon the conversion of the company from Private Company to Public Company, the name of the company was changed to “Ranjeet Mechatronics Limited” and fresh Certificate of Incorporation dated May 28, 2018 was issued by the Deputy Registrar of Companies, Registrar of Companies, Ahmedabad.

Ranjeet Mechatronics Limited provides specialized firefighting solutions as a system integrator. Their expertise is to provide end to end solution in the installation, designing, commission, testing, implementation, management and operational support for technology – based security and fire solutions.

During post independence authorized distributors  of companies were engaged in the irrigation system. The firm was basically authorized dealer of electric motor pumps and related spares. The firm tied up with Kirloskar Brothers Limited and became the authorized dealer of various electric products especially electric motors pump sets and spares and also tied up with Kirloskar Oil Engines Limited. The company was incorporated with the main object to carry on the business of electrical and electrical mechanical engineers and sell supply, establish, fix and carry out and deal in industrial pumps, diesel engines, electrical motors and equipments etc.

They were selling wide range of Domestic and Agriculture pumps, Industrial pumps, Customized and Engineered pumps, Motors, Alternators, Diesel engines which includes Domestic monoblock pumps, Borewell submersible pumps, Open well submersible pumps, End suction Bareshaft pumps, Horizontal multistage pumps, Vertical multistage pumps, Marine diesel engines, diesel generators sets etc. This Company was awarded by Kirloskar Brother Limited for achieving 2nd highest sales turnover in Ahmedabad Region.

Their product range comprises of-

  • High Velocity Water Spray Systems (H. V. W. S. Systems)
  • Fire Hydrant System
  • Fire Extinguishers System
  • Fire Sprinkler system
  • Fire Detection System
  • Gas Suppression System
  • PA System & CCTV System
  • Medium Velocity Water Spray Systems (M. V. W. S. Systems)

Competitive Strengths of Ranjeet Mechatronics Limited:

  • Vast Experience of more than two Decades.
  • Long term Relationship with the Clients.
  • Capturing the growth potential and government focus on sector.
  • Timely completion of projects.

Business strategies of Ranjeet Mechatronics Limited:

  • Focus on enhancing the project execution capabilities.
  • Diversify into new geographies:
  • Attract and retain talented Employees:

Ranjeet Mechatronics Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2241.69 2084.00 1805.68 1396.98 764.98
Total Revenue 1803.69 1763.73 2528.67 2400.03 1090.28
Total Expense 1669.05 1688.26 2505.41 2391.26 1084.52
Profit After Tax 91.31 50.95 16.08 4.90 3.09

Earnings per Equity Share (in Lakhs)

31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Basic /Diluted(without bonus effect) 16.60 9.26 2.92 1.02 0.69
Basic /Diluted(with bonus effect) 2.20 1.23 0.39 0.12 0.08

From the above statements, one could find that the Ranjeet Mechatronics Limited may perform well.


Ranjeet Mechatronics IPO – Promoters

The Promoter of this company are:

  1. Mr. Rakesh Vallabhbhai Swadia
  2. Mr. Devarshi Rakesh Swadia

List of Related Parties (Key Managerial Personnel)

  • Mrs. Falguni Patel
  • Mr. Ujjal Dutta

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Ranjeet Mechatronics IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered This is a Public Issue of 18,00,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 25 per equity share including a share premium of Rs. 15 per equity share (the “issue price”) aggregating to Rs. 450.00 Lakh
 Of which:
 Reserved for Market Makers 96,000 Equity Shares of Rs.10/- each at an Issue Price of Rs. 25/- per Equity Share reserved as Market Maker Portion
 Net Issue to the Public Net Issue to Public of 17,04,000 Equity Shares of Rs.10/- each at an Issue Price of Rs. 25/- per Equity Share to the Public
 Of which:
 Retail Investors Portion 8,52,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 25/- per Equity Share will be available for allocation for Investors investing amount up to Rs. 2.00 Lakh
 Non-Retail Investors Portion 8,52,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 25/- per Equity Share will be available for allocation for Investors investing amount up to Rs. 2.00 Lakh
 Equity Shares outstanding prior to the Issue
 Equity Shares outstanding after the Issue 270000 Equity Shares of Rs 10/- each

Ranjeet Mechatronics IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding of working capital requirements of the Company
  • General Corporate Purpose
  • Issue Expenses

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Ranjeet Mechatronics IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Vast Experience of more than two Decades
  • Long term Relationship with the Clients
  • Capturing the growth potential and government focus on sector
  • Timely completion of projects

The relevant quantitative factors are:

Basic & Diluted EPS

(pre-bonus)

Basic & Diluted EPS

(post bonus)

RONW (%)
31-Mar-16 2.92 0.39 13.81%
31-Mar-17 9.26 1.23 30.44%
31-Mar-18 16.60 2.20 35.30%
  • Industry P/E Ratio:
Particulars EPS In Rs. P/E ratio
Pre Bonus Issue
Based on EPS of Financial Year ended March 31, 2018 16.6 1.51
Based on Weighted Average EPS 11.87 2.11
Post Bonus Issue
Based on EPS of Financial Year ended March 31, 2018 2.2 11.36
Based on Weighted Average EPS 1.58 15.87
  • NAV:
Period Amount Pre Bonus in Rs. Amount Post Bonus in Rs.
As at March 31, 2018 47.03 6.23
NAV per Equity Share after the Issue 15.37
Issue Price per Equity Share 25.00
  • Competitive Peers:
Particulars Face Value (in Rs.) CMP(in Rs.) EPS     (In Rs.) P/E Ratio RONW (%)  NAV (In Rs.)
Ranjeet Mechatronics
Limited*
10 25.00 2.20 11.36 35.30 6.23
Nitin Fire Protection
Industries Limited 
2.00 2.80 negative negative negative negative

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Ranjeet Mechatronics Industries IPO Lead Managers

Lead Managers
BEELINE BROKING LIMITED
SEBI Registration Number: INM000012546
Address: B-307, Ganesh Plaza, Near Navarangpura Bus Stop,
Navarangpura, Ahmedabad – 380 009
Telephone Number: +91 79 6666 4007
Email Id:
Investors Grievance Id:
Website: www.beelinebroking.com
Contact Person: Mr. Vanesh Panchal
CIN: U51900GJ2014PLC080598

Ranjeet Mechatronics IPO Registrar to offer

Registrar to the Offer
ALANKIT ASSIGNMENTS LIMITED
SEBI Registration Number: INR000002532
Address: 205-208, Anarkali Complex, Jhandewalan Extn., New
Delhi – 110 055, India
Telephone Number: +91 11 4254 1234; 2354 1234;
Fax Number: +91 11 4154 3474
Website: www.alankit.com; Email Id:
Investors Grievance Id:
Contact Person: Mr. Pankaj Goenka/ Mr. Bojiman K H
CIN: U74210DL1991PLC042569

Other Details:

  • Statutory Auditor – M/s. Philip Fernandes & Co., Chartered Accountants.
  • Peer Review Auditor – M/s. Mistry & Shah, Chartered Accountants.
  • Bankers to the Company – HDFC Bank Limited

Ranjeet Mechatronics IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 6.5/10 6.6/10 6.6/10 6.4/10 6.4/10
Sharekhan 6.7/10 6.4/10 6.6/10 6.1/10 6.2/10
Kotak Securities 6.7/10 6.7/10 6.7/10 6.4/10 6.3/10
ICICI Direct 6.6/10 6.3/10 6.7/10 6.5/10 6.5/10
IIFL 6.4/10 6.7/10 6.8/10 6.4/10 6.7/10
Edelweiss 6.7/10 6.4/10 6.4/10 6.3/10 6.7/10
Zerodha 6.5/10 6.4/10 6.7/10 6.4/10 6.5/10
5Paisa 6.7/10 6.4/10 6.3/10 6.7/10 6.5/10
Karvy 6.8/10 6.3/10 6.7/10 6.4/10 6.0/10
Motilal Oswal 6.6/10 6.4/10 6.6/10 6.6/10 6.4/10

Ranjeet Mechatronics IPO Grey Market Premium

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