IPO Issue Details
Issue Price / Price Band₹125 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size8,00,000 shares (aggregating up to ₹10.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 09 Feb 2022
Subscription CloseFri, 11 Feb 2022
Anchor AllotmentTue, 08 Feb 2022
Basis of AllotmentWed, 16 Feb 2022
Initiation of RefundsThu, 17 Feb 2022
Credit of Shares to DematThu, 17 Feb 2022
Listing DateMon, 21 Feb 2022
UPI Mandate Deadline2022-02-11
Application & Investment Details
Retail — Min (1 Lots)₹1,25,000 — 1,000 shares
Retail — Max (13 Lots)₹1,625,000 (13 Lots)
HNI — Min (2 Lots)₹2,50,000 — 2,000 shares
P/E Ratio (Pre-IPO)41.67x
Net Offer to Public7,60,000 shares (aggregating up to ₹9.50 Cr)
Reserved for Market Maker40,000 shares (aggregating up to ₹0.5000 Cr)
Pre-IPO Promoter Holding16,30,000 shares
Post-IPO Promoter Holding24,30,000 shares
About Richa Info Systems Ltd.
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:ISO 9001:2015 certified company and holds a certificate under the quality system of BIC Limited (UK).The experienced Promoters management team.The strong brand image of the company's "Techno" brand among customers.
Objects of the Issue
Richa Info Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Incremental Working Capital Requirements
7.20
2
2 General Corporate Purpose
2.40
Shareholding & Lock-in
Pre-IPO Promoter Holding
16,30,000 shares
Post-IPO Promoter Holding
24,30,000 shares