R K Swamy IPO, valued at Rs 423.56 crores, comprises a fresh issue of 0.6 crore shares worth Rs 173.00 crores and an offer for sale of 0.87 crore shares worth Rs 250.56 crores.
The subscription for R K Swamy IPO opens on March 4, 2024, and closes on March 6, 2024, with allotment expected on Thursday, March 7, 2024. The IPO is scheduled to list on BSE and NSE on Tuesday, March 12, 2024.
Priced between ₹270 to ₹288 per share, the minimum lot size for retail investors is 50 shares, requiring an investment of ₹14,400. For sNII, the minimum investment is 14 lots (700 shares), amounting to ₹201,600, while for bNII, it is 70 lots (3,500 shares), totaling ₹1,008,000.
SBI Capital Markets Limited, Iifl Securities Ltd, and Motilal Oswal Investment Advisors Limited serve as the book running lead managers, with Kfin Technologies Limited as the registrar.
About R K Swamy Limited:
Established in 1973, R K Swamy Limited specializes in integrated marketing communications, customer data analysis, full-service market research, and syndicated studies. Leveraging digital initiatives extensively, the company executed over 818 creative campaigns and processed 97.69 terabytes of data in FY2023.
Counting Aditya Birla Sun Life AMC Limited, Dr. Reddy’s Laboratories Limited, Havells India Limited, and others among its clients, R K Swamy operates across 12 offices and employs 2,391 individuals.
The company’s revenue increased by 22.43%, and profit after tax (PAT) rose by 62.34% between FY2022 and FY2023.
Objectives of the Issue (R K Swamy IPO Objectives):
The net proceeds from the Fresh Issue will be utilized for the following purposes:
- Funding working capital requirements.
- Capital expenditure for setting up a digital video content production studio (DVCP Studio).
- Investment in IT infrastructure development.
- Setting up new customer experience centers (CEC) and computer-aided telephonic interview centers (CATI).
- General corporate purposes.
