SME IPO: R M Drip & Sprinklers Systems Limited
Issue Details
Issue opens | 19th September 2017 |
Issue Closes | 26th September 2017 |
Issue Price | 53-57 |
Lot Size | 2000 |
Issue Size | 11.46 Crore |
Lead Manager | Pantomath Capital Advisors Pvt. Ltd. |
Registrar | Big Share Services Pvt. Ltd. |
Platform | NSE |
Promoters Group
- Vijaykumar Kshirsagar
- Nivrutti Kedar
- Arjun Makani
- Shubhangi Kshirsagar
- Surekha Kedar
- Lilaben Makani
Objects of the Issue
(Rs. in Lakhs) | ||
Sr. No. | Particulars | Amount |
1 | Working Capital Requirements | 750.00 |
2 | General Corporate Purpose | 396 |
Total | 1146.00 |
Business Description
The Company is ISI certified engaged in manufacture and sale of Micro Irrigation System(MIS) consisting of Drip Irrigation System and Sprinkler irrigation system, its components irrigation accessories and allied products. They operate under the project market model in the states of Maharashtra, Gujarat, Karnataka and Madhya Pradesh. Their product ranges include wide variety of Products HDPE Pipes , Pipes Fitting and Irrigation Equipment including Drip Irrigation System etc. As a part of project market sales they undertake supply , installation and provision of agronomical sales to farmers.
Company Financials
(Rs. in Lakhs) | |||||
Particulars | 2016-17 | 2015-16 | 2014-15 | 2013-14 | 2012-13 |
Total Revenue | 2872.57 | 1176.29 | 539.82 | 308.45 | 255.63 |
Total Asset | 2373.23 | 1029.87 | 519.36 | 228.12 | 224.16 |
PAT | 136.08 | 32.3 | 24.1 | 2.7 | 7.92 |
Financial Ratios
EPS: 4.13
PE Ratio : 12.8 – 13.8
RONW: 35.38
NAV : 16.16
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