RBM Infracon IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 06, 2023Let’s have a detailed review of the company and analytics of the RBM Infracon IPO release date, IPO offer price, subscription, RBM Infracon Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 36 |
| Listing At | NSE SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Jan 4, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 837 Lakh |
| IPO Size | Rs 837.00 Lakh |
| Tick Size | 1 |
RBM Infracon IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
RBM Infracon IPO – Summary
Their Company was originally incorporated as “RBM Infracon Private Limited” as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 01, 2013, issued by the Registrar of Companies, Uttar Pradesh.
Subsequently, the Company was converted into a Public Limited Company pursuant to the shareholders’ resolution passed at the Extra-ordinary General Meeting of their Company held on September 23, 2022, and the name of the Company was changed to “RBM Infracon Limited”.
The Promoter of this company is MR. JAYBAJRANG RAMAISHISH MANI. The lead manager to the issue is Beeline Capital Advisors Private Limited, and the Registrar to this issue is Skyline Financial Services Private Limited.
RBM Infracon IPO Date
The opening and closing date of RBM Infracon IPO are Dec 23, 2022, and Dec 27, 2022, respectively.
RBM Infracon IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 23rd Dec | 0.34x | 1.05x | 0.70x |
| 2nd Day – 26th Dec | 0.52x | 2.42x | 1.47x |
| 3rd Day – 27th Dec | 46.32x | 34.32x | 40.32x |
| Shares Offered or Net Issue | 1,104,000 | 1,104,000 | 2,208,000 |
The shares subscribed by the public will be updated here.
Check RBM Infracon IPO LIVE Subscription
- RBM Infracon IPO LIVE Bid details on BSE
- RBM Infracon IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
RBM Infracon IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
RBM Infracon Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 30, 2022 |
| Refunds Initiation | Jan 2, 2023 |
| Credit of Shares to Demat Account | Jan 3, 2023 |
| Share Listing Date | Jan 4, 2023 |
RBM Infracon IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.36
RBM Infracon IPO Equity Size
This Initial Public Issue of 2,325,000 Equity Shares of Rs.10 each for cash at a price of Rs.36 per equity share aggregating to Rs.837 Lakh.
RBM Infracon IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,325,000 Equity Shares of Rs.10/ each.
Issue Size: 2,325,000 Equity Shares of Rs.10 each, aggregating to Rs.837 Lakh
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RBM Infracon IPO – Live Performance
The listing date of this IPO is Jan 4, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – RBM Infracon Share Price |
RBM Infracon IPO Grey Market Premium
The RBM Infracon Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
RBM Infracon IPO – Company Overview
The Company is engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment for Oil & Gas Refineries, Gas Cracker Plants, Coal/Gas/WHR based Power Plants, Petrochemical, Chemicals, Cement, Fertilizers. Their company is a Class -certified Boiler Repairer / Erector and System /Feed Line fabricator / Erector service provider under Indian Boiler Regulations- 1950.
Their Company provides the following services in different plants like crude ( CDU-VDU), DHDS, FCCU, NHT-CCR, HMU-I & II, VGO –DHDT-ISOM, CPP ( Boiler, Piping HT job with IBR coordination ) , DCU( Coker) Utility, Off-site, RTF (Pit area) dispatch, Rail and Jetty with around 650 Manpower and also involve in ARC maintenance job in RIL-Jamnagar and YARA-Babrala.
They have executed around 14 Turnaround Shutdowns Job including Mega/Mini Shutdowns in Reliance Industries Limited, Nayara Energy Limited (Formerly Known as Essar Oil Limited) and Yara Fertilisers India Limited & HMEL-Bathinda.
RBM Infracon IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,450.29 | 2,503.60 | 2,333.62 | 2,115.97 |
| *Total Revenue | 1,027.20 | 4,763.06 | 3,888.74 | 3,516.78 |
| Total Expense | 936.58 | 4,517.48 | 4,025.04 | 3,522.77 |
| Profit After Tax | 65.40 | 190.99 | (133.24) | (12.03) |
Earnings per Equity Share (in Lakh)
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.07 | 3.12 | (2.22) | (0.21) |
Further, their PAT for the period ended on June 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 65.40 Lakh, Rs. 190.99 Lakh, Rs. (133.24) Lakh and Rs. (12.03) Lakh respectively.
RBM Infracon IPO – Promoters
The Promoter of this company is:
- MR. JAYBAJRANG RAMAISHISH MANI
List of Related Parties (Key Managerial Personnel)
- Jaybajrang Ramaishish Mani, Chairman cum Managing Director
- Seema Mani, Non-Executive Director
- Aditya Jay Bajrang Mani, Whole Time Director
- Payal Mani, Executive Director
- Anandeshwar Dubey, Independent Director
- Chandrachurd Mani Tripathi, Independent Director
RBM Infracon IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post Issue Share Holding – %
RBM Infracon IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 23,25,000 Equity Shares aggregating up to Rs.837.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,17,000 Equity Shares aggregating up to Rs.42.12 Lakh |
| Net Issue to the Public | Up to 22,08,000 Equity Shares aggregating up to Rs.794.88 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 11,04,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 11,04,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 61,16,000 Equity Shares |
| Equity Shares outstanding after the Issue | 84,41,000 Equity Shares |
RBM Infracon IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
RBM Infracon IPO – Business Strategy
- Continue to enhance their project execution capabilities
- Building their own execution capabilities
- Domain expertise and technical excellence
- Capture the high-growth opportunities in the India Infrastructure sector
RBM Infracon IPO – Basis of 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:
- Continue to enhance their project execution capabilities
- Building their own execution capabilities
- Domain expertise and technical excellence
- Capture the high-growth opportunities in the India Infrastructure sector
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | (0.21) | 29.22 | 10.69 |
| 31-Mar-21 | (2.22) | (28.81) | – |
| Mar-20 | (0.21) | (2.23) | – |
RBM Infracon IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakh) | |
| RBM Infracon Limited | 10 | 11.53 | 3.12 | 29.22 | 4,754.36 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
RBM Infracon IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat, India Telephone Number: 079 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
RBM Infracon IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration Number: INR000003241 Address: D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India. Tel. Number: +91 -11-40450193-197 Fax: +91-11-26812683 Email Id: ipo@skylinerta.com Investors Grievance Id: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Mrs. Rati Gupta CIN: U74899DL1995PTC071324 |
RBM Infracon IPO – Other Details
- Statutory Auditor – Raichura & Co. Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – ICICI Bank Limited
RBM Infracon IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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RBM Infracon Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
RBM Infracon IPO Review FAQs
Check out various FAQs related to RBM Infracon IPO:
What is the Issue Size of RBM Infracon IPO?
The Company is making an initial public offer of 2,325,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of RBM Infracon IPO?
The price band for this particular IPO ranges between Rs 36. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the RBM Infracon IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 23, 2022, while the closing date is set at Dec 27, 2022.
What is the RBM Infracon IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 30, 2022, refund initiation is on Jan 2, 2023, credit of shares is on Jan 3, 2023, and share listing date is on Jan 4, 2023.
What is the RBM Infracon IPO Listing Date?
Shares of this company shall be listed in the exchanges Jan 4, 2023. The date, when the listing would be done, is stagnant on Jan 4, 2023.
Who is the Registrar of RBM Infracon IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of RBM Infracon IPO?
Here are the promoters of this IPO – : MR. JAYBAJRANG RAMAISHISH MANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of RBM Infracon IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is RBM Infracon IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of RBM Infracon Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 190.99, 2021 is (133.24), 2020 is (12.03). PAT from Jun 2022 is 65.40.
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