Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Wed, Feb 9, 2022 - Fri, Feb 11, 2022
Richa Info Systems IPO is a fixed price issue of ₹10.00 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹10.00 crore.
Richa Info Systems IPO bidding started from Feb 9, 2022 and ended on Feb 11, 2022. The allotment for Richa Info Systems IPO was finalized on Feb 16, 2022. The shares got listed on NSE SME on Feb 21, 2022.
Richa Info Systems IPO price is ₹125 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,25,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,50,000.
Swastika Investmart Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Richa Info Systems IPO RHP for detailed Information.
IPO Open
Wed, Feb 9, 2022
IPO Close
Fri, Feb 11, 2022
Issue Price
₹125 per share
Market Cap (Pre-IPO)
₹30.38 Cr
| IPO Date | 9 to 11 Feb, 2022 |
| Listed on | Mon, Feb 21, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹125 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 8,00,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 40,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.5000 Cr) |
| Fresh Issue (Ex Market Maker) | 7,60,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 7,60,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 16,30,000 shares |
| Share Holding Post Issue | 24,30,000 shares |
| NSE Symbol | RICHA |
| ISIN | INE0J1P01015 |
Richa Info Systems IPO comprises a total issue size of 8,00,000 shares. The net offer to the public is 7,60,000 shares, after excluding 40,000 shares allotted on a firm basis. Of the Net offer 3,80,000 (50.00%) allocated to NII 3,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,80,000 | 50.00% | 47.50% |
| Retail Shares Offered | 3,80,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 40,000 | 5.00% | |
| Total Shares Offered | 8,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,25,000 |
| Retail (Max) | 1 | 1,000 | ₹1,25,000 |
| HNI (Min) | 2 | 2,000 | ₹2,50,000 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Incremental Working Capital Requirements | 7.20 |
| 2 | General Corporate Purpose | 2.40 |
| KPI | |
|---|---|
| Debt/Equity | 3.61 |
| RoNW | 51.62% |
| PAT Margin | 3.59% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.97 | |
| P/E (x) | 41.67 | |
| Market Cap | ₹30.38 Cr. |
The Richa Info Systems IPO is subscribed 5.05 times on February 11, 2022 5:10:00 PM (Day 3). The public issue subscribed 6.94 times in the retail category, [.] times in the QIB category, and 3.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.16 | 3,80,000 | 12,02,000 |
| Retail | 6.94 | 3,80,000 | 26,37,000 |
| Total | 5.05 | 7,60,000 | 38,39,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.08 |
| 2 | Fees for Advisor to the Issue | 0.18 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Fees Payable to Advertising and Marketing Expenses and Printing Expenses | 0.03 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹125.00 |
| Open | ₹125.00 |
| Low | ₹118.75 |
| High | ₹127.00 |
| Last Trade | ₹118.75 |
Lead Manager Reports
Richa Info Systems IPO is a SME IPO of 8,00,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Feb 9, 2022, and closes on Fri, Feb 11, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Richa Info Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Richa Info Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Richa Info Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Richa Info Systems IPO opens on Wed, Feb 9, 2022 and closes on Fri, Feb 11, 2022.
Richa Info Systems IPO lot size is 1000, and the minimum amount required for application is ₹1,25,000.
You can apply in Richa Info Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Richa Info Systems IPO will be done on Wednesday, February 16, 2022, and the allotted shares will be credited to your demat account by Thu, Feb 17, 2022. Check the Richa Info Systems IPO allotment status.
The Richa Info Systems IPO listing date is on Mon, Feb 21, 2022.
