Ranjeet Mechatronics Ltd

Issue Analysis :

Issue opens	Sept.12, 2018
Issue Closes	Sept. 17, 2018
Issue Price	Rs 25
Lot Size	6000
Issue Size	04.05 Cr
Lead Manager	Beeline Broking Ltd
Registrar	Alankit Assignments Ltd
Platform	BSE

Company’s Snapshot :

Incorporated in 1993, Ranjeet Electric Private Limited’s main object was to carry on the business of electrical and electrical mechanical engineers and sell supply, establish, fix and carry out and deal in industrial pumps, diesel engines, electrical motors and equipments etc. In 2009, the company took distributorship of fire pumps and fire engines of Kirloskar. In subsequent years, the firm – through its subsidiaries – has been awarded a work contract of sewage treatment plant, pumping system including water softening and water distribution system at Nashik Airport. In 2013-14, another group firm was awarded a contract of approximately INR10 crores from NCC Limited at Vardhaman Institute of Medical Science for Design, Supply, Transportation, Installation, Testing, Commissioning related to fire hydrant system, sprinkler system, fire Extinguishers, fire pumps, gas based fire Suppression system. The company’s name was changed to Ranjeet Mechatronics Limited in May 2018.

Object of the Issue:

The objects of the Issue are to:

• Working Capital Requirement
• General Corporate Purpose
• Issue Expenses

 

Financial Highlights :

Ranjeet Mechatronics’ financial performance (in INR crore)
		FY2014	FY2015	FY2016	FY2017	FY2018
Total revenue		10.9	24.0	25.3	17.6	18.0
Total expenses		10.8	23.9	25.0	16.9	16.7
Profit after tax		0.03	0.05	0.16	0.51	0.91

 

Company Promoters:

The Promoters of the Company is:

1. Mr Rakesh Vallabhbhai Swadia
2. Mr Devarshi Rakesh Swadia

Contact Company Information:

Ranjeet Mechatronics Limited
Block A, Office No: 407, Dev Aurum
Anand Nagar Char Rasta, Prahlad Nagar Road
Ahmedabad – 380 015

 

Phone: +91 79 4000 9390
Email: cs.compliance@ranjeet.co.in
Website: www.ranjeet.co.in

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