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RK Swamy IPO Allotment Status: The allotment of shares of RK Swamy’s IPO, which was open for public subscription between March 4 and 6, ended on Thursday evening. Investors can check the status of their IPO allotment by visiting the portal of the registrar, Kfin Technologies Ltd. Listing of the shares will now take place on March 12 on both the BSE and NSE. However, the gray market indicates a negative performance for the IPO on the day of listing.
The 423.56 crore IPO received 25.78 subscription, garnering bids for 21,22,37,750 shares against 82,32,946 shares on offer.
RK Swamy IPO GMP today
According to market watchers, RK Swamy’s unlisted shares are currently trading five rupees lower in the gray market compared to its issue price. The gray market premium of Rs minus 5 or GMP means that the gray market expects a loss of 1.74 per cent on the listing day. The GMP is based on market sentiments and continues to change.
The ‘grey market premium’ indicates the willingness of investors to pay more than the issue price.
RK Swamy IPO: How to Check Allotment Status
The allotment status of the IPO can be checked by following these steps:
1) Go to the official website of BSE via URL:https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under “Issue Name”, select “RK Swamy Limited” from the drop-down box.
4) Enter your application number or Permanent Account Number (PAN).
5) Then click on ‘I’m not a robot’ to verify yourself and press the ‘Search’ option.
The status of your sharing app will appear on your screen.
You can also visit the direct portal Link Intime — and check RK Swamy IPO allotment status.
Details of RK Swamy’s IPO
Integrated marketing services company RK Swamy’s IPO opened for subscription between March 4-6. In total, it was subscribed 25.78 times on the last day of subscription, Wednesday.
The non-institutional investors portion received 34.24 times subscription, while the Retail Individual Investors (RII) category received 33.31 times subscription. The Qualified Institutional Buyers (QIB) portion obtained 20.58 times the subscription. The Initial Public Offering (IPO) had a fresh issue of up to Rs 173 crore and an offer for sale component of up to 87,000,000 equity shares.
The company’s IPO had a price range of Rs 270 to Rs 288 per share. RK Swamy Ltd on Friday said it had raised Rs 187 crore from anchor investors.
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Funds raised through the new issue would be used to establish a digital video content production studio, establish new customer experience centers and computer-assisted telephone interview centers, as well as for general corporate purposes. Additionally, the funds would be used to invest in the IT infrastructure development of RK Swamy Ltd and its subsidiaries Hansa Research and Hansa Customer Equity.
RK Swamy Ltd is India’s largest majority-owned integrated marketing services provider offering a one-stop solution for creative, media, data analytics and market research services. SBI Capital Markets, IIFL Securities and Motilal Oswal Investment Advisors were the bookrunners for the offer.
first published: March 8, 2024, 11:34 IST
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