It has fixed a lot size of minimum 50 shares. Retail investors (up to Rs 2 lakh investment) can bid for a maximum of 740 equity shares at the lower end of the price band, and 694 shares at the upper end of the IPO price band.
The company plans to use proceeds from the issue to fund capital expenditure, working capital requirements, IT infrastructure, and setting-up new customer experience centres other than general corporate purposes.
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As per the prospectus, promoters Srinivasan K Swamy, and Narasimhan Krishnaswamy will be offloading close to 18 lakh equity shares each via the OFS, while investors Evanston Pioneer Fund will be offloading 44.46 lakh shares and Prem Marketing Ventures will be selling its entire stake of 6.78 lakh shares.
RK Swamy offers a single-window solution for creative, media, data analytics and market research services in India. For the year ended March 2023, RK Swamy has reported revenue from operations of Rs 292.6 crore, up 25 per cent when compared with Rs 234 crore reported in FY22.
Post issue, the stock is expected to list on the bourses on Tuesday, March 12.
First Published: Mar 04 2024 | 9:32 AM IST