R K SWAMY IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

IPO Details IPO GMP IPO Subscription Reviews About Company IPO Timeline KPI Financial Information Peer Comparison Allotment

R K SWAMY Limited IPO GMP

R K SWAMY IPO opens for subscription on March 4, 2024 and closes on March 6, 2024. The allotment for the R K SWAMY IPO is expected to be finalized on Thursday, March 7, 2024. R K SWAMY IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, March 12, 2024.
R K SWAMY IPO is a book built issue of Rs 423.56 crores. The issue is a combination of fresh issue of 0.6 crore shares aggregating to Rs 173.00 crores and offer for sale of 0.87 crore shares aggregating to Rs 250.56 crores.
R K SWAMY IPO price band is set at ₹270 to ₹288 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹14,400. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹201,600, and for bNII, it is 70 lots (3,500 shares), amounting to ₹1,008,000.

Objective

The Offer comprises a Fresh Issue of up to ~ 6,006,944 Equity Shares, aggregating up to ₹ 1,730 million by Company and an Offer for Sale of up to 8,700,000 Equity Shares aggregating up to ~₹ 250.56 Crore by the Selling Shareholders.

The company will not receive any proceeds from the Offer for Sale.

The net proceeds of the Fresh Issue, will be utilized in the following manner:

Funding working capital requirements of Company.
Funding capital expenditure to be incurred by the Company for setting up a digital video content production studio (“DVCP Studio”).
Funding investment in IT infrastructure development of Company, and Material Subsidiaries, Hansa Research and Hansa Customer Equity.
Funding the setting up of new customer experience center ("CEC”) and computer aided telephonic interview centers (“CATI”) of Company.
General corporate purposes.