IPO Issue Details
Issue Price / Price Band₹39 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size19,20,000 shares (aggregating up to ₹7.49 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 31 Mar 2016
Subscription CloseWed, 06 Apr 2016
Anchor AllotmentWed, 30 Mar 2016
Basis of AllotmentTue, 12 Apr 2016
Initiation of RefundsWed, 13 Apr 2016
Credit of Shares to DematWed, 13 Apr 2016
Listing DateWed, 13 Apr 2016
UPI Mandate Deadline2016-04-06
Application & Investment Details
Retail — Min (1 Lots)₹1,17,000 — 3,000 shares
Retail — Max (13 Lots)₹1,521,000 (13 Lots)
HNI — Min (2 Lots)₹2,34,000 — 6,000 shares
Net Offer to Public18,24,000 shares (aggregating up to ₹7.11 Cr)
Reserved for Market Maker96,000 shares (aggregating up to ₹0.3744 Cr)
Pre-IPO Promoter Holding52,59,500 shares
Post-IPO Promoter Holding71,79,500 shares
About Raghav Ramming Mass Ltd.
Raghav Ramming Mass Ltd. (RRML) is engaged in the manufacturing, supply and export of good quality ramming mass (quartz powder) mineral based on the customer requirements which are widely used in as refractory material in induction furnace. RRML is also engaged in the business of purchase and sale (trading) of G I sheets on the basis of the orders received from third parties. It supplies these G I Sheets to these third parties after sourcing the same from various suppliers.
Objects of the Issue
Raghav Ramming Mass Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Working Capital Requirement
7.21
2
2 Public Issue Expenses
0.28
Shareholding & Lock-in
Pre-IPO Promoter Holding
52,59,500 shares
Post-IPO Promoter Holding
71,79,500 shares