R M Drip & Sprinklers Systems Ltd IPO

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R M Drip & Sprinklers System Ltd (RMD) is engaged in manufacture and sale of Micro Irrigation System (MIS) consisting of drip irrigation system and sprinkler irrigation system along with its components, irrigation accessories and allied products.
RM Drip designs and manufactures, world-class micro-irrigation equipment’s, In-house within its factory premises, situated at Sinnar, near Nashik. The company also assists farmers in designing and installation of their Sprinkler and Drip Irrigations Systems, according to their specific needs.
RMD’s revenue mix comprises of open market and project market models. Majority of its revenue comes from open market with the help of channel partners. RMD operates in states of Maharashtra, Gujarat, Karnataka and MP. Company’s product range include HDPE Pipes, Pipes Fittings and Irrigation Equipments including drip/sprinkler systems, Disc Filters, Screen filters, Hydro-Cyclone filters, Sand (Gravel) filters, Compression fittings, valves (Electric & Mechanical), Fertilizer Tanks etc.

R M Drip & Sprinklers Systems Ltd IPO Stock Quote & Charts



  • Open: 16.25
  • High - Low: 16.25 - 16.15
  • Previous Close: 17.00
  • Total Traded Volume: 4000
  • Updated On: 20-Dec-2019

Objects of the R M Drip & Sprinklers Systems Ltd IPO:

1. Funding the working capital requirements of the company 2. General corporate purpose.

R M Drip & Sprinklers Systems Ltd IPO Details:

Open Date: Sep 19 2017
Close Date: Sep 25 2017
Total Shares: 2,010,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 11.46 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 53-57 Per Equity Share
Listing At: NSE Emerge
Listing Date: Oct 04 2017

Promoters And Management:

1. Vijaykumar Kshirsagar 2. Shubhangi Kshirsagar 3. Arjun Makani

Lead Manager of R M Drip & Sprinklers Systems Ltd IPO:

  1. Pantomath Capital Advisors Private Limited

Registrar of R M Drip & Sprinklers Systems Ltd IPO:

  1. Bigshare Services Private Limited

Company Address:

R M Drip & Sprinklers Systems Limited Gat No.475 Village Gonde, Taluka Sinnar, Nashik - 422113 Phone: +91-2551-218919 Email: info@rmdrip.com Website: www.rmdrip.com

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