RK Swamy Limited IPO: All You Need to Know

The much-anticipated initial public offering (IPO) of RK Swamy Limited is set to debut in the Indian primary market today. With the subscription period extending until March 6th, 2024, investors are eagerly eyeing this opportunity. Let's delve into the details of this integrated marketing communications company's IPO.

Price Band and Issue Size

RK Swamy Limited has fixed the price band for its IPO at Rs. 270 to Rs. 288 per equity share. The company aims to raise a total of Rs. 423.56 crore through its book build issue, which includes a mix of fresh issuances and offers for sale (OFS). Of this amount, Rs. 173 crore will be generated from the issuance of fresh shares, while the remaining Rs. 250.56 crore will be allocated for OFS.

Grey Market Premium (GMP)

Ahead of the IPO subscription opening, market observers note a grey market premium (GMP) of Rs. 58 for RK Swamy shares. This indicates strong investor interest even before the public issue commences.

Subscription Status

By 10:09 AM on the first day of bidding, the IPO witnessed a subscription of 0.03 times overall, with the retail portion booked 0.13 times and the NII segment subscribed 0.01 times.

Important Dates and Lot Size

The IPO subscription window is open from today until March 6th, 2024. Each lot of the public issue comprises 50 company shares. Share allocation finalization is anticipated for March 7th, 2024.

Registrar and Listing Details

KFin Technologies has been appointed as the official registrar for the RK Swamy IPO. The shares are expected to be listed on shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Read also: Platinum Industries IPO: Eagerly Awaited Listing Date

The anticipated listing date for the IPO is March 11th, 2024, coinciding with the following Monday.

OTT India updates you with the latest news, Country’s no.1 digital news platform OTT India, Keeps you updated with national, and international news from all around the world. For more such updates, download the OTT India app on your Android and IOS device.