Ranjeet Mechatronics Ltd IPO

Ranjeet Mechatronics Ltd was established in 1949 at Ahmadabad, ‘Ranjeet Electric Pvt. Ltd.’ Established in 1993, Authorised Dealer / Distributor for ‘KIRLOSKAR OIL ENGINES’, ‘KIRLOSKAR BROTHERS AND KIRLOSKAR ELECTRIC CO. LTD.’, which was providing complete solutions for fluid Transfer.

‘Himgiri Solutions Pvt. Ltd.’ Established in 2012, for Fire protection, Security and Safety System Designing and Execution. ‘Destiny Zone Security Systems Pvt. Ltd.’ Established in 2013, Implementing and executing, designing and Solution Provider for Pipe fabrication / Jointing and executing fire protection, Detection and Plumbing Projects.

Our strong belief is that no one can be too old for this Industry with the technology changing so rapidly and we have to be extremely open and very innovative to utilize it with a great conviction. We always keep ourselves on the forefront to achieve anything that is new and can add a new dimension to our products, which makes us stand apart from our competitors.

Ranjeet Mechatronics Ltd IPO Details
Issue Open	12-09-2018
Issue Close	17-09-2018
Allotment Date	24-09-2018
Unblocked Amount	25-09-2018
Listing Date	26-09-2018
Issue Share	18,00,000 Total Equity Share 96,000 Reserved by Market Maker 17,04,000  Equity Share
Issue Size	₹ 4.50 Cr
IPO Price Band	₹ 25
Minimum Share Bid	6000
Minimum Investment Amount [Rs]	₹ 1,50,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME

Ranjeet Mechatronics Ltd IPO Grey Market Premium [GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
17-09-2018 : 10:30 AM	-	-	₹ 12000	Netural

Ranjeet Mechatronics Ltd IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	-	-	-
FY-2014	10.90	10.84	0.03
FY-2015	24.00	23.91	0.04
FY-2016	25.28	25.05	0.16
FY-2017	17.63	16.88	0.50
FY-2018	18.03	16.69	0.91

Ranjeet Mechatronics Ltd IPO Valuation Details
Earnings Per Share [EPS]	₹ 2.20
Price/Earnings [P/E] Ratio	11.36
Return on Net Worth [RoNW]	35.30 %
Net Asset Value [NAV]	₹ 6.23 Per Share

Ranjeet Mechatronics Ltd IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	8,52,000	8,52,000	8,52,000
Day-1 [12-09-2018]	75,00,000 [8.80]	19,14,000 [2.25]	94,14,000 [5.52]
Day-2 [14-09-2018]	75,24,000 [8.83]	41,94,000 [4.92]	1,17,18,000 [6.87]
Day-3 [17-09-2018]	6,60,12,000 [77.48]	5,28,48,000 [62.03]	11,88,60,000 [69.75]

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Ranjeet Mechatronics Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral

Ranjeet Mechatronics Ltd IPO Contact Details
Ranjeet Mechatronics Ltd Block A, Office No: 407, Dev Aurum, Anand Nagar Char Rasta, Prahlad Nagar Road, Ahmedabad – 380 015 Telephone No.: +91 – 79 – 4000 9390 E-Mail: cs.compliance@ranjeet.co.in Website: www.ranjeet.co.in

Registrar of Ranjeet Mechatronics Ltd IPO

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 Email Id: ipo@alankit.com Website: www.alankit.com Investors Grievance Id: ranjeet_igr@alankit.com Contact Person: Mr. Pankaj Goenka/ Mr. Bojiman K H CIN: U74210DL1991PLC042569

Lead Managers of Ranjeet Mechatronics Ltd IPO
BEELINE BROKING LIMITED SEBI Registration Number: INM000012546 Address: Office No. 1 To 3 Vishwa Complex, First Floor, Opp. Jain Derasar, Navrangpura, 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