RK Swamy IPO Opens Today: Price, Lot Size & Key Details

4 Mar 2024 , 05:42 PM

Prior to its initial public offering (IPO) subscription opening for bidding on Friday, March 1, RK Swamy secured ₹187 Crore from notable investors in an anchor round. Monday, March 4, 2024, is when the RK Swamy IPO subscription period commences, and it ends on March 6, 2024. Click here to subscribe the IPO.

The QIB portion has been subscribed 0.7% while the NII portion has been oversubscribed 2.97 times. The retail portion has seen the highest demand with 7.87 times oversubscription. The Employee reserved portion has received bids for 58% of the shares offered.

The integrated marketing services provider announced in a statement on Friday, March 1st, that it had raised ₹187 Crore through the issuance of 65 lakh equity shares at a price of ₹288 each, inclusive of the ₹283 share premium.

28 lakh equity shares, or 43.82% of the 65 lakh equity shares that were allotted to the anchor investors, were distributed among three mutual funds via a total of seven schemes.

The RK SWAMY IPO is a ₹423.56 Crore book-built issuance. The offering consists of an offer for sale (OFS) of 0.87 Crore shares, totaling ₹250.56 Crore, and a fresh issue of 0.6 Crore shares, totaling ₹173.00 Crore. The price range for the RK Swamy initial public offering (IPO) is ₹270 to ₹288 per equity share, with a face value of ₹5.

A minimum of 75% of the shares in the RK Swamy IPO are reserved for qualified institutional buyers (QIB), a maximum of 15% are designated for non-institutional institutional investors (NII), and a maximum of 10% of the offer is designated for retail investors.

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