RK Swamy IPO Subscribed 8.22 Times on Day 3 SO Far; IPO Closing Today

6 Mar 2024 , 11:43 AM

On the third day, the RK Swamy IPO had a strong response with an overall subscription of 8.22 times. The retail portion saw significant interest, getting subscribed 23.14 times, while Non-Institutional Investors booked 14.82 times, and the Qualified Institutional Buyers (QIB) portion subscribed 0.38 times. Click here to subscribe the IPO.

The RK Swamy IPO, open from March 4 to March 6, has a price band of ₹270 to ₹288 per equity share with a lot size of 50 shares and multiples of 50 after that. The company, focusing on integrated marketing services driven by data and digital efforts, aims to raise ₹173 Crore through a fresh issue and an offer-for-sale (OFS) of up to 8,700,000 equity shares. 

The IPO reserves 75% for QIB, 15% for NII, and 10% for retail investors. Additionally, equity shares up to ₹7.50 Crores are reserved for employees at a discounted rate of ₹27 per share. Selling shareholders include Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund L.P., and Prem Marketing Ventures LLP.

For feedback and suggestions, write to us at [e-mail]