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
CriteriaRatings
Industry Sentiments 6.8/10
Industry Ranking 6.6/10
Company Background6.6/10
Company Reputation6.4/10
Competitive Edge6.7/10
Financial Statements6.5/10
Popularity Index6.9/10
Promoters Reputation6.3/10
Retail Appetite 6.8/10
Top Brokers Review6.8/10
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 1X
    Day 2 X
    Day 3X
    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-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets2241.692084.001805.681396.98764.98
    Total Revenue1803.691763.732528.672400.031090.28
    Total Expense1669.051688.262505.412391.261084.52
    Profit After Tax91.3150.9516.084.903.09

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Basic /Diluted(without bonus effect)16.609.262.921.020.69
    Basic /Diluted(with bonus effect)2.201.230.390.120.08

    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 Portion8,52,000 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 Issue270000 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

    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-162.920.3913.81%
    31-Mar-179.261.2330.44%
    31-Mar-1816.602.2035.30%
    • Industry P/E Ratio:
    ParticularsEPS In Rs.P/E ratio
    Pre Bonus Issue
    Based on EPS of Financial Year ended March 31, 201816.61.51
    Based on Weighted Average EPS11.872.11
    Post Bonus Issue
    Based on EPS of Financial Year ended March 31, 20182.211.36
    Based on Weighted Average EPS1.5815.87
    • NAV:
    PeriodAmount Pre Bonus in Rs.Amount Post Bonus in Rs.
    As at March 31, 201847.036.23
    NAV per Equity Share after the Issue15.37
    Issue Price per Equity Share25.00
    • Competitive Peers:
    ParticularsFace Value (in Rs.)CMP(in Rs.)EPS     (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
    Ranjeet Mechatronics
    Limited*
    1025.002.2011.3635.306.23
    Nitin Fire Protection
    Industries Limited 
    2.002.80negativenegativenegativenegative

     

    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: mb@beelinebroking.com
    Investors Grievance Id: ig@beelinebroking.com
    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: ipo@alankit.com
    Investors Grievance Id: ranjeet_igr@alankit.com
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    Ranjeet Mechatronics IPO Grey Market Premium

    The Ranjeet Mechatronics IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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      Ranjeet Mechatronics IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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