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:
- Mr. Rakesh Vallabhbhai Swadia (Designation: Chairman Cum Managing Director)
- Mr. Devarshi Rakesh Swadia (Designation: Whole-TimeDirector)
- 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 |
Knowledge Corner: (Click on the Link)
| 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: |
|---|
| ALANKIT ASSIGNMENTS LIMITED 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: |
|---|
| BEELINE BROKING LIMITED 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 |
