RBM Infracon IPO

RBM Infracon IPO

RBM Infracon IPO will open for subscription from 23 December 2022. the company aims for an issue size of ₹8.37 Cr through this IPO.

About Company

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. This company is a Class -I certified Boiler Repairer / Erector and System /Feed Line fabricator / Erector service provider under Indian Boiler Regulations- 1950.

It 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. It has executed around 14 Turnaround Shutdown Jobs including Mega/Mini Shutdowns in Reliance Industries Limited, Nayara Energy Limited (Formerly Known as Essar Oil Limited) and Yara Fertilisers India Limited & HMEL-Bathinda.

Company has a work order book of approximately INR 121 crores as on September 06, 2022. Recently the company has received a letter of Intent from Malco Energy Limited (Part of Vedanta Group) worth INR 200 crores for the Operations and Maintenance of the Metcoke Manufacturing Plant with a contract tenure of 3 years.

Basic details about the company

Full nameRBM Infracon Limited
IndustryHeavy machinery
Company Websitehttps://rbminfracon.com/

The objective of the Issue

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

Major Competitive strengths

  • Strong project execution capabilities.
  • Experienced management team.
  • High growth opportunities in the infrastructure sector.

IPO Timetable

IPO Opening date23 December 2022
IPO Closing27 December 2022
Basis of Allotment30 December 2022
Initiation Refund02 January 2023
Credit to Demat Account03 January 2023
Listing Date04 January 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹8.37 Cr – 2,325,000 shares
Fresh Issue₹8.37 Cr – 2,325,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹36 per share
Lot size3000 Shares
Retail Allocation50%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)13000₹108,000
Retail (Max)13000₹108,000
HNI (Min)26,000₹216,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 2022Q1 FY 2023
Net income(0.12)(1.33)1.910.65
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022Q1 FY 2023
PE ratio11.53
RONW (%)(2.23)(28.81)29.229.10

Company Promoters

  • Mr. Jaybajrang Ramaishish Mani

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding%

Lead Manager(s)

  • Beeline Capital Advisors

IPO Registrar

D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020
Telephone: +91 11 4045 0193/97
Email: compliances@skylinerta.com
Website : www.skylinerta.com

Contact Details

Shop no. 2&3, Snehdeep
Residency, Nr. Digjam Circle,
Jamnagar-361006, India
Phone: +0288-2710463
E-mail: info@rbminfracon.com
Website: www.rbminfracon.com

Allotment Status

RBM Infracon IPO allotment status will be available on Skyline Financial Services’ website. Click on Skyline IPO weblink to get allotment status.

Final thoughts

RBM Infracon IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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