RBM Infracon Limited IPO

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i. RBM Infracon is engaged in the business of engineering, execution, testing, commissioning operation and maintenance, 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. Our company is Class -I certified Boiler Repairer / Erector and System /Feed Line fabricator / Erector service provider under Indian Boiler Regulations- 1950.

ii. The Company provides following services in different plant like crude ( CDU-VDU) , DHDS, FCCU, NHT-CCR, HMU-I & II , VGO –DHDT-ISOM , CPP ( Boiler , Piping HT job with IBR coordination ) , DCU( Coker) Utility , Off site , RTF (Pitarea) dispatch , Rail and Jetty with around 650 Manpower and also involve in ARC maintenance job in RIL-Jamnagar and YARA-Babrala. They have executed around 14 Turnaround Shutdowns Job including Mega/Mini Shutdowns in Reliance Industries Limited, Nayara Energy Limited (Formerly Known as Essar Oil Limited) and Yara Fertilisers India Limited & HMEL-Bathinda.

Major Services include:
✓ Fabrication & Erection of Structural Work on Procurement & Construction Basis
✓ Tankage Fabrication & Erection Work
✓ Fabrication and erection of Piping of such as CS/ SS/ Alloy steel including above ground and underground
✓ ARC Maintenance of Refineries, Petrochemicals, Fertilizers Plant etc.
✓ Turnaround (Shutdown) of Power, Refineries and Petrochemicals etc.
✓ Blasting & Painting for various industries
✓ Insulation and Refractory work
✓ Electrical and Instrumentation
✓ Wagon Tipplers, Conveying System (Raw Material Handling etc.)
✓ Scaffolding Work
✓ Torquing & Bolting
✓ NDT Services (Radiology)

Competitive Strengths

i. Continue to enhance our project execution capabilities
ii. Building our own execution capabilities
iii. Domain expertise and technical excellence

Objects of the RBM Infracon Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: 1. To Meet Working Capital Requirements 2. General Corporate Purpose 3. To meet Public Issue Expenses
DRHP of RBM Infracon Limited IPO
RHP of RBM Infracon Limited IPO

RBM Infracon Limited IPO Details:

Open Date: Dec 23 2022
Close Date: Dec 27 2022
Total Shares: 2,325,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 8.37 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 36 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 04 2023

Promoters And Management:

Mr. Jaybajrang Ramaishish Mani aged 46 years is Promoter-Chairman cum Managing Director of the Company, Originally he was appointed as a Promoter-Executive Director of the Company w.e.f. April 01, 2013. Thereafter, he was appointed as Chairman cum Managing Director for a period of 5 (Five) years w.e.f. August 29, 2022 liable to retire by rotation. He is having more than 20 years of experience in the field of Industrial Mechanical Work. He is looks after Finance, Sales and Marketing Division of the company. He has been instrumental in taking major policy decision of the Company and also in leading the Company. Mrs. Seema Mani aged 45 years is Non Executive Director of the Company. Originally, she was appointed as PromoterExecutive Director of the Company w.e.f. April 01, 2013.She is an under Graduate. Later on, her designation was changed and appointed as Non-Executive Director for August 29, 2022 liable to retire by rotation. She is having more than 9 years of experience in the field of Industrial Mechanical Work. Mr. Aditya Jay Bajrang Mani aged 25 years is Whole Time Director of the Company. He has been appointed as an Additional Director of the company w.e.f. August 27, 2022. After that he has been Regularise cum appointed as Whole Time Director of the company for the period of 5 (Five) years w.e.f. August 29, 2022 liable to retire by rotation. Currently he looks after operations of the company. He has recently joined the business operations and has experience of less than a month in the industry inn which the company is operating.

Financials of RBM Infracon Limited IPO:

Particulares (In Lakhs) 2022 2021 2020
Revenue 4,763 3,889 3,517
EBITDA 350 -25 95
EBIT 299 -77 51
OPM (%) 7.35% -0.65% 2.60%
PAT 191 -133 -12
NPM (%) 4% -3.42% -0.34%
No.of Shares 84.41 84.41 84.41
EPS 2.26 -1.58 0.143
ROE (%) 29% -28% -2%
ROCE (%) 41% -15% 8%

Comparison With Peers:

There are no listed peer related to such business

Recommendation on RBM Infracon Limited IPO:

Review and Recommendation of RBM Infracon SME IPO is by IZ team is 2/10 1. This company works with mechanical and rotary equipment for oil and gas refineries, gas cracker plants, coal/gas/WHR based power plants, petro-chemical, chemicals, cement, and fertilisers. It also performs engineering, execution, testing, commissioning, operation, and maintenance. 2. Their major services include: a) Fabrication & Erection of Structural Work on Procurement & Construction Basis, Tankage Fabrication & Erection Work. b) Fabrication and erection of Piping of CS/ SS/ Alloy steel including above ground and underground c) ARC Maintenance of Refineries, Petrochemicals, Fertilizers Plant etc, d) Turnaround (Shutdown) of Power, Refineries and Petrochemicals etc (Radiology). 3. According to the Indian Boiler Regulations of 1950, the company is a Class-I certified Boiler Repairs, Erector, and System Feed Line Fabricator/Erector service provider. 4. They have completed 14 turnaround shutdown jobs, including mega- and mini-shutdowns at HMEL-Bathinda, Yara Fertilizers India Limited, and Reliance Industries Limited, and Nayara Energy (formerly known as Essar Oil Limited). 5. As of September 06, 2022, they had a work order backlog of roughly 121 Crores (including GST). 6. The Revenue has Increased from ₹35 Crore in FY20 to ₹47 Crore in FY22. 7. The PAT has Increased from ₹12 Lakhs (Loss) in FY20 to ₹1.90 Crore (Profit) in FY22. 8. The EBITDA has Increased from ₹94 Lakhs in FY20 to ₹3.50 Crore in FY22. 9. Market Capitalization is 30 Crore and EPS is 2.26 and P/E is 15.92. As per FY22.

Lead Manager of RBM Infracon Limited IPO:

  1. Beeline Broking Limited

Registrar of RBM Infracon Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

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/

Discussion on RBM Infracon Limited IPO:

3 Comments

    RBM Infracon IPO subscription till 26-12-2022 at 10:30 pm
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    RBM infracon limited 1st day subscription till 3:45 pm

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