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 name | RBM Infracon Limited |
| Sector | Engineering |
| Industry | Heavy machinery |
| Company Website | https://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 date | 23 December 2022 |
| IPO Closing | 27 December 2022 |
| Basis of Allotment | 30 December 2022 |
| Initiation Refund | 02 January 2023 |
| Credit to Demat Account | 03 January 2023 |
| Listing Date | 04 January 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹8.37 Cr – 2,325,000 shares |
| Fresh Issue | ₹8.37 Cr – 2,325,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹36 per share |
| Lot size | 3000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| Revenue | 35.09 | 38.71 | 45.54 | 10.26 |
| Expenses | 35.23 | 40.25 | 45.17 | 9.37 |
| Net income | (0.12) | (1.33) | 1.91 | 0.65 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| EPS | (0.21) | (2.22) | 3.12 | 1.07 |
| PE ratio | – | – | 11.53 | – |
| RONW (%) | (2.23) | (28.81) | 29.22 | 9.10 |
| NAV | – | – | 10.69 | 11.75 |
Company Promoters
- Mr. Jaybajrang Ramaishish Mani
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | % |
Lead Manager(s)
- Beeline Capital Advisors
IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
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
RBM INFRACON LIMITED
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
