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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 ₹125.00 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). The minimum lot size investment for 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 Date | February 9, 2022 to February 11, 2022 |
| Listing Date | February 21, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹125 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,00,000 shares (aggregating up to ₹10.00 Cr) |
| Reserved for Market Maker | 40,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.5000 Cr) |
| Net Offered to Public | 7,60,000 shares (aggregating up to ₹9.50 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 16,30,000 shares |
| Share Holding Post Issue | 24,30,000 shares |
Richa Info Systems IPO offers total 8,00,000 shares. Out of which 3,80,000 (47.50%) allocated to NII, 3,80,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 40,000 (5.00%) |
| NII (HNI) Shares Offered | 3,80,000 (47.50%) |
| Retail Shares Offered | 3,80,000 (47.50%) |
| Total Shares Offered | 8,00,000 (100.00%) |
Richa Info Systems IPO opens on February 9, 2022, and closes on February 11, 2022.
| IPO Open Date | Wed, Feb 9, 2022 |
| IPO Close Date | Fri, Feb 11, 2022 |
| Tentative Allotment | Wed, Feb 16, 2022 |
| Initiation of Refunds | Thu, Feb 17, 2022 |
| Credit of Shares to Demat | Thu, Feb 17, 2022 |
| Tentative Listing Date | Mon, Feb 21, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 11, 2022 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Nov-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 172.13 | 88.38 | 40.65 | ||
| Total Revenue | 139.68 | 201.13 | 175.62 | ||
| Profit After Tax | 4.85 | 7.22 | 3.34 | ||
The market capitalization of Richa Info Systems IPO is ₹30.38 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 41.67 |
[Dilip Davda] Based on its financial performance, the issue is priced exorbitantly. Post-IPO, its paid-up equity capital will be under Rs. 2.50 cr. indicating longer gestation for mainboard migration. The is no harm in ignoring this pricy issue. Read detail review...
| Listing Date | February 21, 2022 |
| BSE Script Code | |
| NSE Symbol | RICHA |
| ISIN | INE0J1P01015 |
| Final Issue Price | ₹125 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹125.00 |
| Open | ₹125.00 |
| Low | ₹118.75 |
| High | ₹127.00 |
| Last Trade | ₹118.75 |
Richa Info Systems Ltd.
Shop No. 101,
Shalin Complex,
Sector-11,
Gandhinagar, Gujarat, 382011
Phone: +91 98989 07577
Email: compliance@richainfosys.com
Website: https://www.richainfosys.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: richainfosys.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Richa Info Systems IPO is a SME IPO of 8,00,000 equity shares of the face value of ₹10 aggregating up to ₹10.00 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 1000.
The IPO opens on February 9, 2022, and closes on February 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 February 9, 2022 and closes on February 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 Thursday, February 17, 2022. Check the Richa Info Systems IPO allotment status.
The Richa Info Systems IPO listing date is on Monday, February 21, 2022.
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