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RBM Infracon IPO GMP, Price, Dates & Allotment Details 2022

RBM Infracon IPO GMP, Price, Dates & Allotment Details 2022

RBM Infracon IPO opens on December 23 and closes on December 27, 2022. According to the DRHP filed in SEBI, the company is planning to issue 2,325,000 shares of ₹ 10 each, at a price of ₹ 36 per share, aggregating up to ₹ 8.37 crore through this public issue.

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 and gas refineries, gas cracker plants, coal/gas/WHR-based power plants, petrochemicals, chemicals, cement, and fertilizers. Company is a Class-I certified boiler repairer and erector, system and feed line fabricator, and erector service provider under the Indian Boiler Regulations of 1950.


As of September 6, 2022, RBM Infracon Ltd had a work order book worth approximately ₹ 121 crores (including GST). Recently, the company has received a letter of intent from Malco Energy Limited (part of the Vedanta Group) worth  ₹ 200 crores for the operations and maintenance of the Met Coke Manufacturing Plant. Contract tenure is for 3 years.


The business model of RBM Infracon Ltd can be broadly classified into the following categories:

  • RBM Infracon Ltd. does third-party contracting for those companies that subcontract work related to plant maintenance and mechanical work.
  • When RBM Infracon Ltd’s in-house team is completely occupied and utilised in ongoing projects, he subcontracts the work that has been awarded to him. When the contract is completed, they settle the credit given for the contract and make payment to them for the remaining amount.

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. Meet working capital requirements.
  2. General corporate purposes.
  3. Meet public issue expenses.

Financial Highlights (Restated)

ParticularsPeriod ended on 30th June 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth718.93653.52462.54540.44
Total Assets2,450.292,503.602,333.622,115.97
Total Revenue1,027.204,763.063,888.743,516.78
Profit After Tax65.40190.99(133.24)(12.03)
Total Borrowing641.41850.90813.41666.85
(Amount in ₹ Lakhs)

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RBM Infracon IPO – Details

According to the DRHP filed in SEBI, the company is planning to raise about ₹ 8.37 crore through this public issue.

Issue TypeFixed Price Issue IPO
IPO Price₹ 36 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size2,325,000 shares of ₹ 10 (Aggregating up to ₹ 8.37 Crore)
Fresh Issue2,325,000 shares of ₹ 10 (Aggregating up to ₹ 8.37 Crore)
Listing AtNSE SME
PromotersMr. Jaybajrang Ramaishish Mani

GMP – RBM Infracon IPO

RBM Infracon IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – RBM Infracon IPO

RBM Infracon IPO opens on December 23 and closes on December 27, 2022.

Opening DateDecember 23, 2022
Closing DateDecember 27, 2022
Basis of AllotmentDecember 30, 2022
Initiation of RefundsJanuary 2, 2023
Credit of shares to Demat A/cJanuary 3, 2023
Listing DateJanuary 4, 2023

Lot Size – RBM Infracon IPO

The RBM Infracon IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lot i.e. 3,000 shares of ₹ 108,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)13,000₹ 108,000
Retail (Maximum)13,000₹ 108,000
HNI (Minimum)26,000₹ 216,000

Promoters Holdings – RBM Infracon IPO

Pre-issue Shares Holdings99.99%
Post-issue Shares Holdings

SWOT Analysis – RBM Infracon IPO

STRENGTHSWEAKNESSES
1. Proven track record and buildup the credential of handling most critical /challenging work in various industries.
2. Cordial relations with Customers.
3. In depth knowledge of Industry – Commercial & Technical.
4. Equipped with Adequate resources (Man and Machines) 
5. Large base of machines and equipment’s.
6. Infrastructural support 
1. Dependent upon growth in infrastructure industry.
2. Insufficient market reach outside Jamnagar (Gujarat) and nearby location, Maharashtra and Uttar Pradesh.
3.  Surge in finance needs to cope up with the increased demand 
OPPORTUNITIESTHREATS
1. Government’s drive to infrastructure upgradation.
2. Rapid urbanisation and growth in infrastructure 
1. Industry is prone to changes in government policies, any material changes in the duty or international raw material prices may adversely impact company financials. 
2. There are no entry barriers in this industry, which puts companies at the threat of competition from new entrants.
3. Disruptions in company information technology systems or breaches of data security.
4. Change in technology.

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationRBM Infracon Limited
C/O Rahul Mani Tripathi Mb Complex, Main Road, Baitalpur, 274201
Phone: 0288-2710463
Email: [email protected]
Website: http://www.rbminfracon.com/
IPO RegistrarSkyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
IPO Lead Manager(s)Beeline Capital Advisors Pvt Ltd

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FAQ’s

One lot of RBM Infracon IPO contains 3,000 shares of ₹ 108,000.

The minimum investment size is one lot for retail investors.

The finalization of Basis of Allotment for RBM Infracon IPO will be done on December 30, 2022, and the allotted shares will be credited to your demat account by January 3, 2023. Check the RBM Infracon IPO allotment status.

The RBM Infracon IPO shares listing date is January 4, 2023.

Click here for more FAQs.

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