RBM Infracon Limited initiated its business operations in 2013. The company is primarily engaged in engineering, testing, Execution, operating, Commissioning and maintenance of mechanical and rotary equipment. It works for various segments including Coal or Gas based power plants, Oil and gas refineries, petrochemicals, Fertilisers and Cement.
The primary business elements include ARC Maintenance, Fabrication and erection of Structural work, Insulation and refractory, Turnaround, blasting and Painting, Fabrication and Erection of Piping, NDT Services, Electrical and Instrumentation and others.
RBM Infracon Limited has successfully executed 14 turnaround projects for Reliance Industries Limited, Yara Fertilisers and Nayara Energy. The order book of the company is close to 121 Crore Rs and the new order it received is a 200 Crore Rs project from Malco Energy.
IPO DETAILS
RBM Infracon Limited IPO is set to launch on 23 Dec., 2022. The subscription timeline extends till 27 Dec, 2022. The size for the IPO is 8.37 Crore Rs. Shares issued through fresh issues are worth 8.37 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 1200 shares and the price is 36 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Skyline Financial Services Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
IPO OPENING DATE | 23 Dec., 2022 |
CLOSING DATE FOR IPO | 27 Dec, 2022 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 36 Rs per share |
LOT SIZE | 3000 shares |
MINIMUM ORDER QUANTITY | 3000 shares |
ISSUE SIZE | 8.37 Crore Rs. |
OFFER FOR SALE | No shares Issued |
FRESH ISSUE | 8.37 Crore Rs. |
LISTING AT | NSE SME |
LISTING DATE | 4 Jan, 2023 |
IMPORTANT DATES
IPO OPENING DATE | 23 Dec., 2022 |
CLOSING DATE FOR IPO | 27 Dec, 2022 |
IPO ALLOTMENT DATE | 30 Dec, 2022 |
REFUNDS | 2 Jan, 2023 |
DEMAT A/C CREDITED ON | 3 Jan, 2023 |
IPO LISTING DATE | 4 Jan, 2023 |
RBM Infracon Limited IPO begins for subscription from 23 Dec., 2022. The IPO subscription would continue till 27 Dec, 2022. The allotment status for the shareholders who applied would come on 29 Dec, 2022. The refunds for the ones who did not get allotment would be initiated on 2 Jan, 2023. The DEMAT accounts of shareholders would be credited on 3 Jan, 2023. The listing of the company would be accompanied on 4 Jan, 2023.
Lead Managers
The lead managers are :
- Beeline Capital Advisors Private Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 108000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 216000 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 3000 shares | 108000 Rs. |
Maximum | 6000 shares | 216000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- The funds can be used for working capital requirements.
COMPANY FINANCIALS
Particularly (in Lakh Rs.) | 2021-22 | 2020-21 | 2019-20 |
ASSETS | 2503 | 2333 | 2115 |
Revenue | 4763 | 3888 | 3517 |
PAT | 190 | (-133) | (-12) |
RBM Infracon Limited has an asset base of 2503 Lakh Rs in 2022. Apart from this the asset base of 2021 was 2333 Lakh Rs and 2115 Lakh Rs in 2020. The revenue generated from the company is 4763 Lakh Rs in 2022. The same was 3888 Lakh Rs in 2021 and 3517 Lakh Rs in 2020. This means that the company is generating a good amount of revenue from the asset base it has. With this the company has achieved its first profit year in 2022. In the post the company has generated a loss of 133 Lakh Rs in 2021 and 12 Lakh Rs loss in 2020. However recently the company made a profit of 190 Lakh Rs.
PROS
- The company has various services like engineering, testing, Execution, operating, Commissioning and maintenance of mechanical and rotary equipment.
- RBM Infracon Limited works into various segments including Coal or Gas based power plants, Oil and gas refineries, petrochemicals, Fertilisers and Cement.
- In the past RBM Infracon Limited has successfully executed 14 turnaround projects for Reliance Industries Limited, Yara Fertilisers and Nayara Energy.
CONS
- The company works in a highly competitive segment.
RBM Infracon Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the RBM Infracon Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.