RBM Infracon was incorporated on April 1, 2013. It is engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment for oil and gas refineries, gas cracker plants, coal/gas/WHR-based power plants, petrochemical, chemicals, cement, fertilizers.
| Bidding Dates |
|---|
| 23 Dec 2022 - 27 Dec 2022 |
| Subscription |
|---|
| 40.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 2.3 M | ₹36 | 72.46 % | ₹83.7 M | RHP DOC |
RBM Infracon IPO SUBSCRIPTION STATUS
27 Dec '22RBM Infracon IPO overall subscription rate was 40.27 times the total available shares
RBM Infracon IPO retail subscription rate was 34.23 times in the retail segment
RBM Infracon IPO non-institutional investor subscription rate was 46.31 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Dec 2022 (Day 3) | 34.23x | 46.31x | - |
26 Dec 2022 (Day 2) | 4.63x | 0.86x | - |
23 Dec 2022 (Day 1) | 1.05x | 0.34x | - |
RBM Infracon FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q1FY23 | -1.2 | 350.9 | 8.4 | -12.7 |
| FY22 | -13.3 | 387.1 | -3.6 | -9.4 |
| FY21 | 19.1 | 475.4 | 8.3 | -1.9 |
| FY20 | 6.5 | 102.6 | 23.4 | 23.3 |
RBM Infracon IPO SUBSCRIPTION STATUS DETAILS
RBM Infracon had 2.3 M shares on offer
RBM Infracon IPO offer price was ₹36
RBM Infracon IPO minimum Investment was ₹108000
RBM Infracon IPO issue size was ₹ 83.7 M
RBM Infracon had a minimum lot size of 3000 Shares per application
RBM Infracon NUMBER OF SHARES ON OFFER
RBM Infracon IPO IMPORTANT DATES
| Issue Open Date | 23 Dec 2022 |
| Issue close Date | 27 Dec 2022 |
| Allotment Date | 30 Dec 2022 |
| Refund Date | 02 Jan 2023 |
| Demat Account Credit Date | 03 Jan 2023 |
| Listing Date | 04 Jan 2023 |
| Listing on Exchange(s) | NSE |
| RBM Infracon Allotment Status | Exchange |
RBM Infracon IPO subscription opened on 23 Dec 2022, and closed on 27 Dec 2022
IPO allotment for RBM Infracon was finalized on Friday, 30 Dec 2022
IPO listing for RBM Infracon was on NSE on Wednesday, 04 Jan 2023
RBM Infracon IPO LISTING GAINS
| Issue Price (adjusted) | 36.0 |
| Listing Open Price | 52.5 |
| Listing Close Price | 55.1 |
| Listing Gain% | 45.8% |
| Current Gain% | 638.9% |
RBM Infracon Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBM Infracon Ltd. | 266 | 224.5 | 6.2 | 0.3 | 0.5 | 24.1 | 6.7 | 492.7 | 52.8 | 45.3 | 53.6 | 42.6 | 22 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
RBM Infracon INFORMATION ON IPO ISSUE
About RBM Infracon
RBM Infracon was incorporated on April 1, 2013. It is engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment for oil and gas refineries, gas cracker plants, coal/gas/WHR-based power plants, petrochemical, chemicals, cement, fertilizers.
Object of the Issue
- Meet working capital requirements
- General corporate purposes
- Meet public issue expenses
RBM Infracon - PROMOTERS
| Name |
|---|
| Jaybajrang Ramaishish Mani |
RBM Infracon Lead Manager to the Issue
Beeline Broking Limited
mb@beelinemb.com
RBM Infracon Registrar to the Issue
Skyline Financial Services Limited
ipo@skylinerta.com
RBM Infracon Strengths
Project execution capabilities
The company continues to focus on enhancing project execution capabilities so as to derive twin benefits of client satisfaction and improvements in operating margins
Domain expertise
The promoter has around three decades of experience in the segment of industrial repair and maintenance services
High growth opportunities
Increasing levels of investment in infrastructure by governments and private industries will be a major driver for growth
RBM Infracon Risks
Geographic concentration
The company generates the majority of sales from operations in Gujarat, especially in the Jamnagar region
Dependent on few customers
The company's top five customers contribute more than 85% of the revenue from operations
Incurred net loss
The company has incurred net loss in the past, and it may not be able to achieve or maintain profitability in the future
IPO FAQs
The promoter of the company is Jaybajrang Ramaishish Mani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 36.0 - 36.0.
The IPO application opens on Dec 23, 2022 and closes on Dec 27, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Dec 30, 2022.
The refund will be credited to your account on Jan 02, 2023.
The allotted shares will be credited to your demat on Jan 03, 2023.
RBM Infracon Ltd.’s shares listed on the stock exchanges on Jan 04, 2023.