Ranjeet Mechatronics Ltd

Ranjeet Mechatronics

About the Company:

Ranjeet Mechatronics Ltd is engaged in providing specialized fire fighting solutions as a system integrator.

Company has expertise to provide end to end solution in the installation, designing, commission, testing, implementation, management and operational support for technology – based security and fire solutions.

Company plans to continue their strategy of diversifying across states and increase orders outside the state of Gujarat for the growth plan of the business. They have executed projects in the state of Gujarat, Tamilnadu, Haryana, Bihar, Madhya Pradesh, Rajasthan, Uttar Pradesh and Goa.


Company’s History:

Company was established (In the year 1949) as authorised distributors of companies engaged in the irrigation system. The firm was basically authorized dealer of electric motor pumps and related spares.

Later on, the Company tied up with Kirloskar Brothers Limited and became the authorized dealer of various electric products especially electric motors pump sets and spares and also tied up with Kirloskar Oil Engines Limited.

Initially, they had obtained distributorship of agricultural engines, Industrial engines and marine engines from Kirloskar in the name of REPL. They were selling wide range of Domestic and Agriculture pumps, Industrial pumps, Customized and Engineered pumps, Motors, Alternators, Diesel engines which includes Domestic monoblock pumps, Borewell submersible pumps, Open well submersible pumps, End suction Bareshaft pumps, diesel generators sets etc.

Company continuously progressed by officially marketing the said products in the rural, urban as well as various industrial sectors of Gujarat.

company has also tied up with Mather and Platt Pumps Limited for distribution of various customized and engineered pumps, motors and accessories.


Company’s Products and Services:

  • Fire Hydrant Systems
  • Fire Extinguishers Systems
  • Fire Sprinkler systems
  • Fire Detection Systems
  • Gas Suppression Systems
  • PA System & CCTV Systems.


Projects Completed by the Company:

  • Medical College Sola, Ahmedabad.
  • Vardhaman Institute of Medical Science (VIMS)
  • Chennai Metro Rail Project.
  • Shan-e-Awadh Project (Lucknow, Uttar Pradesh)


Projects in Hand:

  • Vedanta Medical Research Foundation (VMRF)
  • Awadh Vihar Yogna- Uttar Pradesh Housing and Development Board.
  • Indian Institute of Management, Raipur Project.
  • GOA Shipyard Project of GOA Shipyard Limited (GSL).


Management Team:

  1. Mr. Rakesh Vallabhbhai Swadia (Designation: Chairman Cum Managing Director)
  2. Mr. Devarshi Rakesh Swadia (Designation: Whole-TimeDirector)
  3. Mrs. Nitaben Rakesh Swadia (Designation: Non-Executive Director)


Objectives of the Issue:

  • Net Incremental Working Capital Requirement.
  • General corporate Purpose.


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 10.90 24.00 25.28 17.63 18.03
Net Profit 0.03 0.049 0.16 0.50 0.91


IPO Details:

Details Info
Issue Opens on 12th September 2018
Issue Closes on:. 17th September 2018
Issue Price Rs.25
Face Value Rs.10
Minimum Lot 6000 shares
Minimum Investment Rs.1,50,000
Issue Constitutes 27.27%
Issue Size Rs.4.5 cr
Market Cap Rs.16.49 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 18,00,000
Equity Shares Prior to the Issue 47,99,980
Equity Shares after the Issue 65,99,980


Important Dates:

Finalization of Basis of Allotment on or Before 21st September 2018
Initiation of Refunds on or Before 25th September 2018
Credit of Equity Shares: on or Before 25th September 2018
Listing Date: on or Before 26th September 2018


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV) Debt Equity Ratio(Post issue)
1.58 11.36 35.30% 6.23 1.36


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Company Contact Info:
Ranjeet Mechatronics Ltd
Block A, Office No: 407, Dev Aurum,
Anand Nagar Char Rasta, Prahlad Nagar Road,
Ahmedabad – 380 015
Contact Person: Mrs. Falguni Patel;
Telephone No.: +91 – 79 – 4000 9390
Email: cs.compliance@ranjeet.co.in;
Website: www.ranjeet.co.in


IPO Registrar Info:
SEBI Registration Number: INR000002532
Address: 205-208, Anarkali Complex, Jhandewalan Extn., New
Delhi – 110 055, India
Telephone Number: +91 11 4254 1234; 2354 1234;
Fax Number: +91 11 4154 3474
Email Id: ipo@alankit.com
Website: www.alankit.com


Lead Manager to the Issue:
SEBI Registration Number: INM000012546
Address: Office No. 1 To 3,Vishwa Complex, First Floor, Opp. Jain
Derasar, Navrangpura, Ahmedabad – 380 009
Telephone Number: +91 79 6666 4007
Email Id: mb@beelinebroking.com
Investors Grievance Id: ig@beelinebroking.com
Website: www.beelinebroking.com