Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Fri, Dec 29, 2017 - Wed, Jan 3, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Dec 29, 2017
IPO Close
Wed, Jan 3, 2018
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹15.30 Cr
| IPO Date | 29 Dec, 2017 to 3 Jan, 2018 |
| Listed on | Thu, Jan 11, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,10,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 42,000 shares Inventure Growth & Securities Ltd. (agg. up to ₹0.2100 Cr) |
| Fresh Issue (Ex Market Maker) | 7,68,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 7,68,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 22,50,000 shares |
| Share Holding Post Issue | 30,60,000 shares |
| BSE Script Code | 540843 |
| ISIN | INE819Y01015 |
Rithwik Facility IPO comprises a total issue size of 8,10,000 shares. The net offer to the public is 7,68,000 shares, after excluding 42,000 shares allotted on a firm basis. Of the Net offer 3,84,000 (50.00%) allocated to NII 3,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,84,000 | 50.00% | 47.41% |
| Retail Shares Offered | 3,84,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 42,000 | 5.19% | |
| Total Shares Offered | 8,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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
| 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 working capital requirements | 3.70 |
The Rithwik Facility IPO is subscribed [.] times on January 3, 2018 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 4,05,000 | 2,00,31,000 |
| Retail | [.] | 4,05,000 | 1,42,23,000 |
| Total | [.] | 8,10,000 | 3,43,26,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.25 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution and postage | 0.03 |
| 4 | Regulatory and other expenses including Listing Fee | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹60.00 |
| Low | ₹43.50 |
| High | ₹60.00 |
| Last Trade | ₹45.45 |
Lead Manager Reports
Rithwik Facility IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Dec 29, 2017, and closes on Wed, Jan 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 Fri, Dec 29, 2017 and closes on Wed, Jan 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 Thu, Jan 11, 2018.
