RBM Infracon SME IPO – All actionable insights before investing

RBM Infracon SME IPO

RBM Infracon SME IPO will be floated in 23 December 2022. The company filed Draft Red Herring Prospectus (DRHP) with market regulator SEBI on October 17, 2022, for an fresh issue of 2325000 Equity Shares aggregating to ₹23250000 lakhs at a face value of ₹10.

RBM Infracon SME IPO – Business Description

RBM Infracon Limited was founded in April 01, 2013 Uttar Pradesh in India. The company is engaged in the business of engineering, execution, testing, commissioning operation and maintenance. RBM Infracon is operate particularly in the field of mechanical and rotary equipment for Oil & Gas Refineries, Gas Cracker Plants, Coal/Gas/WHR based Power Plants, Petrochemical, Chemicals, Cement, Fertilizers.

The company caters to the Energy and construction sector.

  • RBM Infracon Ltd. Company is involved in ARC (Annual Rate Contracts) Mechanical job (Static +Rotary) at Nayara.
  • The company also involve in ARC maintenance job in RIL-Jamnagar and YARA-Babrala.
  • RBM Infracon executed around 14 Turnaround Shutdowns Job including Mega/Mini Shutdowns in Reliance Industries Limited, Nayara Energy Limited, and Yara Fertilisers India Limited & HMEL-Bathinda..
  • The company has order book of approximately ₹ 121 Crores as on September 06, 2022.
  • RBM also reacieved the letter of Intent for a contract for 3 years from Malco Energy Limited (Part of Vedanta Group) worth ₹ 200 Crores for Operations and Maintenance of Metcoke Manufacturing Plant.
RBM Infracon SME IPO

RBM Infracon Limited Founders

The company is founded by Mr. Jaybajrang Ramaishish Mani. He is the Promoter-Chairman cum Managing Director of the Company. He has over 20 years of experience in the field of Industrial Mechanical Work.

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RBM Infracon Limited Revenue and profits

RBM Infracon reported strong revenue from operation of INR4,754.36 lakhs in FY2022. However, the company has been incurring losses for the last two years in FY 2020 and FY 2021. Earning per share of the company for the last above two years is also negative. Net cash flow from operation is also not very encouraging. In the year FY2021 the company has negative cash flow from operation with INR36 lakhs.

Objects of the RBM Infracon SME IPO Issue

The company will utilize the amount from fresh issues as below.

  • The company is planning to utilize INR700 lakhs to meet the working capital requirements of the company.
  • The rest of the net proceeds will be utilized for general corporate purpose

RBM Infracon IPO – Financial Parameters

The total current assets of RBM Infracon Limited have been going up from INR1,901.06 lakhs in FY2020 to INR2,227.43 in FY2022. The company has also targeted to increase the total assets to INR3,009.29 by FY2023.

All amounts in INR Lakhs
(Year ended March 31)
Revenue Operation3,509.103,871.494,754.36
Total Income3,516.783,888.744,763.06
Total Current Assets1,901.062,109.362,227.43
Profit After Tax(12.03)(133.24)190.99
Return on Net Worth (%)(2.23)%(28.81)%(29.22)%
Earnings Per equity Share-Diluted(2.31)(24.39)34.35
Net Cash from Operating Activities83.90(36.12)82.99
Total Borrowings666.85813.41850.90
ROCE (%)3.14%(6.61)%19.70%
NAV per Equity Shares (Post

RBM Infracon NSE SME IPO Details

RBM Infracon NSE SME IPO DetailsDetails
RBM Infracon IPO Open DateDec 23, 2022 to Dec 27, 2022
RBM Infracon IPO Issue PriceINR 36 per Equity share
RBM Infracon IPO Allotment dateDec 30, 2022
Refunds Initiation dateJan 2, 2023
Credit of Shares to Demat AccountJan 3, 2023
Listing DateJan 4, 2023
Fresh Issue SizeINR 8.37 Crore
Equity Shares outstanding prior to the Offer90,057,500 Equity Shares
Minimum bid (lot size)                                                    3000 Shares
Minimum Investment for RetailerINR 108,000
Face ValueINR 10 per share
Listing on NSE SME Emerge

Corporate Contacts, Lead Managers and IPO Registrar

Contact DetailsLead Managers / IPO Registrar
RBM Infracon Limited
C/O Rahul Mani Tripathi Mb Complex,
Main Road, Baitalpur, 274201
Phone: 0288-2710463
Email: info@rbminfracon.com
Website: http://www.rbminfracon.com/
1. Beeline Capital Advisors Pvt Ltd

IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/