Application for RK Swamy Ltd IPO will start from March 4.

Application for RK Swamy Ltd IPO will start from March 4.

RK Swamy Ltd IPO: Application for initial public offer of integrated marketing services firm is going to start from March 4. March 6 will be the last chance to bid for it. company’s efforts IPO Rs 423.56 crore is to be deposited through this. There will be fresh issues worth Rs 173 crore. Whereas, shares worth Rs 250.56 crore will be in offer for sale. The company had organized a special session on March 1 for anchor investors to bid. Through this, RK Swami Limited has collected Rs 187.22 crore. The company’s anchor investors include Goldman Sachs Pte Ltd, Citigroup Global Markets Mauritius, Societe Generale, SBI General Insurance Company, Bajaj Allianz Life Insurance Company, LIC Mutual Fund and JM Financial Mutual Fund.

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What are the details of IPO?

The price band of RK Swamy IPO has been set at ₹270 to ₹288 per share. The minimum lot size for an application is 50 shares. The minimum investment amount required for 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. The company is going to be listed on BSE and NSE. It is being told that the listing of the company can happen on March 12.

what is gmp

Even before the issue opens, a premium of 20 percent is being given on the company’s shares in the gray market.

When will the listing happen?

Allotment of IPO shares will take place on March 7. Whereas, listing on the exchange can happen on March 12.

what does the company do

RK Swami Limited does marketing communication, customer data analysis, full service market research and syndicated studies.

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