Incorporated in 1949, Ahmedabad based Ranjeet Mechatronics Limited is a company engaged in the business of providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in installation, designing, commission, testing, implementation, management and operational support for security and fire solutions.
Some of the projects completed by the company are-
1. Chennai Metro Rail Pump House
2. Goa Shipyard Modernisation Project Phase- 3A
3. Medical College Sola, Ahmedabad
4. Kalpana Chawla Government Medical, College, Karnal Haryana
5. Vardhaman Institute of Medical
Science (VIMS) Project
The company has 27 employees on its payroll.
Competitive Strengths-
1. Over 2 decades of experience
2. Perfectly positioned to benefit from government's focus on infrastructure
3. Good track record of timely completion of projects
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Net Incremental Working Capital Requirement | ₹3 |
| 2 General corporate Purpose | ₹1 |
| Metric | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Total Assets | 2,242 | 2,084 | 1,806 |
| Revenue | 1,804 | 1,764 | 2,529 |
| PAT | 91 | 51 | 16 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 852,000 (47%) | — |
| Retail (RII) | — | 852,000 (47%) | — |
| Market Maker | — | 96,000 (5%) | — |
| Total | — | 1,800,000 (100%) | — |
* Amount calculated at upper price band (₹25) · ** Total includes all investor categories
- 1 Initiation of Refund 25 Sep 2018
- 2 Credit of Shares to Demat 25 Sep 2018
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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