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RBM Infracon IPO

  • Status: Closed
  • ₹ 108,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    23 Dec 2023

  • Close Date

    27 Dec 2023

  • IPO Price Range

    ₹ 36

  • IPO Size

    ₹ 8.37 Cr

  • Listing Exchange

    TBA

  • Listing Date

    TBA

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 03 January 2024 8:57 PM by 5Paisa

RBM Infracon IPO worth Rs. 8.37 crores open on 23rd December, and closes on 27th December. The issue comprises of fresh issue of 23,25,000 equity shares. The issue will be listed on NSE SME on 4th January while the shares will be allotted on 30th December. The company has fixed the price at Rs. 36 per shares while the lot size is set at 3000 shares per lot. The company is promoted by Mr. Jaybajrang Ramaishish Mani. Beeline Capital Advisors Pvt. Ltd. is the lead manager for the issue.

Objective of the Issue for RBM Infracon IPO

The net proceeds from the issue will be utilised towards: 

•    Meet working capital requirements.
•    General corporate purposes.
•    Meet public issue expenses.
 

RBM Infracon 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. The company is Class -I certified Boiler Repairer / Erector and System /Feed Line fabricator / Erector service provider.

It has 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. Recently, it has received letter of Intent from Malco Energy Limited (Part of Vedanta Group) worth ₹ 200 Crores for Operations and Maintenance of Metcoke Manufacturing Plant. Contract Tenure is for 3 years.

Know About: RBM Infracon IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue from operations 47.5 38.7 35.1
PAT 1.9 -1.3 -0.1
EPS (basic in Rs.) 3.1 -2.2 -0.2
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 21.2 23.3 25.0
Share Capital 0.6 0.6 0.5
Total Borrowings 8.5 8.1 6.7
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 0.8 0.4 0.8
Net cash from / (used in) investing activities -1.0 -0.6 -2.1
Net cash flow from / (used in) financing activities -0.2 1.4 1.1
Net increase (decrease) in cash and cash equivalents 0.4 0.4 -0.2

 


Strengths

•    Strong project execution capabilities with Equipped with Adequate resources
•    Cordial relations with Customers
•    Large base of machines and equipment’s
•    High growth opportunities in the infrastructure sector
 

Risks

•    Competition from existing and new entities
•    Reducing market demand and supply of its products/services
•    Loss of any of the large Suppliers which the company is dependent on
•    There are certain discrepancies and non-compliances noticed in some of its corporate records relating taxation authorities
•    Does not own any of the immovable property used by the company and not certain about the period for which they are allowed to occupy.
 

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FAQs

The price band of the RBM Infracon IPO is set at Rs. 36 per share

The RBM Infracon IPO opens on 23rd December, and the closes on 27th December.

The 8.37 crore IPO issue comprises of fresh issue of 23,25,000 equity shares.

The allotment date of of RBM Infracon IPO is set for 30th December.

The RBM Infracon IPO issue will be listed on 4th January.

The RBM Infracon IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000). 

The net proceeds from the issue will be used for: 

•    Meet working capital requirements.
•    General corporate purposes.
•    Meet public issue expenses.
 

To apply for the IPO, follow the steps given below

•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app
 

RBM Infracon is promoted by Mr. Jaybajrang Ramaishish Mani.

Beeline Capital Advisors Pvt. Ltd. is the book running lead managers to the issue.