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Rithwik Facility IPO is a fixed price issue of ₹4.05 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹4.05 crore.
Rithwik Facility IPO bidding started from Dec 29, 2017 and ended on Jan 3, 2018. The shares got listed on BSE SME on Jan 11, 2018.
Rithwik Facility IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Inventure Growth & Securities Ltd..
Refer to Rithwik Facility IPO RHP for detailed Information.
| IPO Date | December 29, 2017 to January 3, 2018 |
| Listing Date | January 11, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,10,000 shares (aggregating up to ₹4.05 Cr) |
| Reserved for Market Maker | 42,000 shares Inventure Growth & Securities Ltd. (aggregating up to ₹0.2100 Cr) |
| Net Offered to Public | 7,68,000 shares (aggregating up to ₹3.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 22,50,000 shares |
| Share Holding Post Issue | 30,60,000 shares |
Rithwik Facility IPO offers total 8,10,000 shares. Out of which 3,84,000 (47.41%) allocated to NII, 3,84,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 42,000 (5.19%) |
| NII (HNI) Shares Offered | 3,84,000 (47.41%) |
| Retail Shares Offered | 3,84,000 (47.41%) |
| Total Shares Offered | 8,10,000 (100.00%) |
Rithwik Facility IPO opens on December 29, 2017, and closes on January 3, 2018.
| IPO Open Date | Fri, Dec 29, 2017 |
| IPO Close Date | Wed, Jan 3, 2018 |
| Tentative Listing Date | Thu, Jan 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 3, 2018 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Incorporated in 2010, Rithwik Facility Management Services Limited is Chennai, Tamil Nadu based company engaged in the business of integrated facilities & property management and equipment & assets management. In detail, the services including managing the Security of the Building, Common Area Housekeeping, Water supply system management, operation of all equipments of the Building, AMC of Amenities such as Lifts, Generators, Chiller Plants, AHUs, Air Conditioners, etc.
Company is also engaged in the business of billing management including raising of maintenance and energy invoices and managing collections. Company get majority of its revenue from this segment. This is a bulk business for the company.
Company offers these services to corporate customers and developers in Chennai and Coimbatore. Company utilize latest technologies and process that allows company to reduce operation costs and improve life cycles of equipment and property it manages.
Rithwik Facility Management has over 88 employees. Its products / services include:
1. Property Management / Facilities Management
2. Real Estate and other Asset Management and Maintenance
3. Billing and Collection Services
The Company Rithwik Facility IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet working capital requirements | 3.70 |
[Dilip Davda] Considering high price, investors may give this issue a miss. (Avoid). Read detail review...
| Listing Date | January 11, 2018 |
| BSE Script Code | 540843 |
| NSE Symbol | |
| ISIN | INE819Y01015 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹60.00 |
| Low | ₹43.50 |
| High | ₹60.00 |
| Last Trade | ₹45.45 |
Rithwik Facility Management Services Ltd.
R.R. Tower III,
Thiru-VI-KA Industrial Estate,
Guindy,
Chennai, Tamil Nadu, 600032
Phone: +91 44 4353 4441
Email: info@rithwik.co.in
Website: http://www.rithwik.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rithwik Facility IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹4.05 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on December 29, 2017, and closes on January 3, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rithwik Facility IPO using UPI as a payment gateway. Zerodha customers can apply in Rithwik Facility IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rithwik Facility IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rithwik Facility IPO opens on December 29, 2017 and closes on January 3, 2018.
Rithwik Facility IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Rithwik Facility 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 Rithwik Facility IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rithwik Facility IPO allotment status.
The Rithwik Facility IPO listing date is on Thursday, January 11, 2018.
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