Richa Info Systems IPO Detail
Incorporated in 2010, Richa Info Systems is engaged in the business of assembling innovative products and systems. The company acts as an integrator of multifaceted solutions of leading quality products like Interactive Flat Panel, Interactive Board, Digital Podium, Digital Kiosk, and CCTV Cameras. The total ratio of the company's outsourcing and in-house assembling is 20:80.
The company imports raw material from China, after which it assembles the semi-finished products and installs the requisite software as per the client's requirement. The company operates manually in assembling of products and service industry and don't have any plant & machinery of its own.
Competitive Strengths:
- ISO 9001:2015 certified company and holds a certificate under the quality system of BIC Limited (UK).
- The experienced Promoters management team.
- The strong brand image of the company's "Techno" brand among customers.
Company Promoters
Mr. Tushar Dineshchandra Shah and Mrs. Hemaben Tushar ShahIPO Details
| IPO Opening Date | Feb 09, 2022 |
| IPO Closing Date | Feb 11, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹125 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹10.00 Cr |
| Fresh Issue | ₹10.00 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.40x | 2.53x | 1.96x | |
| Day 2 | - | - | 2.16x | 3.97x | 3.06x | |
| Day 3 | - | - | 3.16x | 6.94x | 5.05x |
IPO Tentative Timetable
The Richa Info Systems IPO open date is Feb 09, 2022, and the close date is Feb 11, 2022. The issue may list on Feb 18, 2022.
| IPO Open Date | Feb 09, 2022 |
| IPO Close Date | Feb 11, 2022 |
| Basis of Allotment Date | Feb 16, 2022 |
| Initiation of Refunds | Feb 17, 2022 |
| Credit of Shares to Demat Account | Feb 17, 2022 |
| IPO Listing Date | Feb 18, 2022 |
IPO Lot Size
The Richa Info Systems IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹125000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹125000 |
| Maximum | 1 | 1000 | ₹125000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Millions)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Nov-21 | 172.13 | 139.68 | 4.85 |
| 31-Mar-21 | 88.38 | 201.13 | 7.22 |
| 31-Mar-20 | 40.65 | 175.62 | 3.34 |
Objects of the Issue:
- To meet incremental working capital requirements
- General corporate purpose
- To meet public issue expenses
Richa Info Systems IPO Registrar:
Link Intime India Private Ltd
Richa Info Systems IPO Lead Manager(s):
Swastika Investmart Ltd
Company Contact Information:
Richa Info Systems
Shop No. 101,
Shalin Complex, Sector-11,
Gandhinagar-382011 (Gujarat)
