RBM infracon ipoRBM Infracon IPO Analysis at Chanakyanipothi.com
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    The scrip on 4th January 2023, listed at Rs. 52.50 (issue price Rs. 36) giving profit of 46% on listing

    RBM Infracon IPO Guidance:
    The Company is engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment. The IPO size is not large and hence oversubscription is not an issue. Looking to the profitability and current market scenario, small listing gains can be expected.

    RBM Infracon IPO Grey Market updates 
    Observations: (?)
    For latest updates, Click

    Subscription Status
    # On 27 December 2022 @ 5.00 pm (Closed)
    NII:      1104000 Shares, 46.31T
    RII:      1104000 Shares, 34.23T
    Total:   2208000 Shares  40.27T

    RBM Infracon Company Details

    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. The company is Class -I certified Boiler Repairer / Erector and System /Feed Line fabricator / Erector service provider under Indian Boiler Regulations- 1950. The Company provides following services in different plant 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 Shutdowns Job including Mega/Mini Shutdowns in Reliance Industries Limited, Nayara Energy Limited (Formerly Known as Essar Oil Limited) and Yara Fertilizers India Limited & HMEL-Bathinda
    It has work order book of approximately Rs 121 Crores (Including GST) as on September 06, 2022. Recently the company has received letter of Intent from Malco Energy Limited (Part of Vedanta Group) worth Rs 200 Crores for Operations and Maintenance of Metcoke Manufacturing Plant. Contract Tenure is for 3 years.

    For more information about the company, Click www.rbminfracon.com

    RBM Infracon IPO Details
    IPO opens on   23 December 2022
    IPO closes on   27 December 2022
    Issue Type Book Built Issue IPO
    Issue Size 2325000 Sh /Rs 8.37 Cr
    * Fresh Issue 2325000 Shares /Rs 8.37 Cr
    * Offer for Sale  – Shares /Rs (?)Crore
       
    Face Value per share: Rs. 10
       
    Price Band Rs. 36
    Employee discount  Rs. 0 per share
    Retail Lot Size  3000 Shares
    Listing will at  NSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (00 %)  0 0
    NII (50 %)  1104000 3.97
    RII (50 %) 1104000 3.97
    Total Shares  2208000 7.94
    Retail portion will be oversubscribed by  368
    Forms
    How much Shares to Apply?
    Min Retail Application 3000 Sh Rs. 108000
    Max Retail Application  6000 Sh Rs. 216000

    Promoters of the IPO
    Mr. Jaybajrang Ramaishish Mani

    Objects of the IPO:
    The Company intends to utilize the Net Fresh Issue Proceeds for funding working capital requirements.

    RBM Infracon IPO Tentative timetable
    IPO opens on  23 December,2022
    IPO Closes on  27 December,2022
    IPO Allotment on   30 December,2022
    Unblocking of ASBA   2 January 2022
    Credit to Shares  3 January 2022
    Listing on  4 January2022
    Registered Office of RBM Infracon IPO
    C/O Rahul Mani Tripathi Mb Complex,
    Main Road, Baitalpur, 274201
    RBM Infracon IPO Lead Managers 
    Beeline Capital Advisors Pvt Ltd
    Registrar to RBM Infracon IPO
    Skyline Financial Services Private Ltd
    RBM Infracon IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. Cr Rs. Cr Rs. %
    2019-20 35.76 -0.12 -0.21 -2.23
    2020-21 38.89 -1.22 -2.22 -28.81
    2021-22  47.63 1.91 3.12 29.22
    Book Value of the Share on 31.03.2022 Rs.10.69    
    Book Value of the Share after the IPO Rs.-    
    Offer Price   Rs. 36    
    Ratio Analysis
    Upper Price Band/last EPS 11.53
    Upper offer price/Book Value Ratio 3.36
    Upper offer price/BV after IPO Ratio  

    RBM Infracon IPO Peer Comparison
    There is no other listed company having similar business that of this company

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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