Ranjeet Mechatronics Limited IPO

Add to Calendar 2018-09-12 12:00 AM 2018-09-17 12:00 AM Asia/Kolkata Ranjeet Mechatronics Limited IPO Ranjeet Mechatronics Limited India

Ranjeet Mechatronics Limited is considered as India’s Fastest Growing Integrator and Turnkey enterprise contractor for Fire Protection & Detection Systems, Electronic Security & Automation Solution Provider Company possessing presence across the Nation. It has also obtained dealership from Kirloskar for supplying Agricultural engines, Industrial engines and Marine engines. In the year 2006-07, it has achieved 2nd largest sales turnover in the Ahmedabad Region which was recognised by Kirloskar Brother Limited.

Date of Establishment: The company was initially incorporated as ‘Ranjeet Electric Private Limited’ in the city of Ahmedabad on 10th of June 1993. Subsequently, the company was reformed to public limited company and name was revised to ‘Ranjeet Mechatronics Limited’ on 28th March 2018.

Promoters of Ranjeet Mechatronics Limited: Mr Rakesh Vallabhbhai Swadia and Mr Devarshi Rakesh Swadia are the promoters of Ranjeet Mechatronics Limited.  

Products and Services Offering: The Company has a diversified product range across Fire and Safety Equipments manufacturing sector that consists of:

  • - Fire Hydrant System

  • - Fire Sprinkler System

  • - Fire Detection System

  • - Gas Suppression System

  • - Fire Extinguishers System

  • - High-Velocity Water Spray System

  • - CCTV Systems

Customer Segments: The Company has a strong customer base spread across the Nation. Some of its clientele includes International Cricket Stadium Uttar Pradesh, IIM Chhattisgarh and Samajwadi Yogana Lucknow among others.

Objects of Ranjeet Mechatronics Limited IPO: The Core Objectives of Ranjeet Mechatronics Limited IPO are:

  • - Net Incremental Working Capital Requirement.

  • - General Corporate Purpose.

Company Financials:

Summary of Financial Information (Restated)


For the year/period ended (in Rs. Lakhs)

3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

2 241.69

2 084.00

1 805.68

1 396.98

7 4.98

Total Revenue

1 803.69

1 763.73

2 528.67

2 400.03

1 090.28

Profit After Tax

9 .31

5 .95

1 .08

4 9


Issue Detail

  • Issue Open: Sep 12, 2018
  • Issue Close: Sep 17, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 25 Per Equity Share
  • Bid Lot:6000 Shares
  • Minimum Order Quantity:6000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 4.50 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 852,000 852,000 - - 1,704,000
Day 1 - Sep 12, 2018IST - 8.80x 2.25x - - 5.52x
Day 2 - Sep 14, 2018IST - 8.83x 4.92x - - 6.88x
Day 3 - Sep 17, 2018IST - 77.48x 62.03x - - 69.75x

Listing Day Trading Information

Issue Price Rs 25.00 -
Open Rs 27.50 -
Low Rs 27.50 -
High Rs 28.85 -
Last Trade Rs 28.85 -
Volume 864,000 -

Ranjeet Mechatronics Limited Red Herring Prospectus

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Frequently Asked Questions

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