[ad_1]
RK Swamy IPO: Check out the latest GMP today.
RK Swamy’s unlisted shares are currently trading at zero premium on the gray market, thus indicating no profit on the day of listing.
RK Swamy’s listing tomorrow: RK Swamy’s IPO, whose allotment of shares was finalized on March 7, will be listed on both BSE and NSE on Tuesday, March 12. The Rs 423.56 crore IPO was opened for public subscription between March 4 and March 6. Ahead of the listing, the gray market is currently indicating a flat performance for the IPO.
Investors can check the status of their IPO allotment by visiting the portal of the registrar, Kfin Technologies Ltd.
RK Swamy IPO GMP today
According to market watchers, RK Swamy’s unlisted shares are currently trading at zero premium in the gray market compared to its issue price. Zero gray market premium or GMP means that the gray market does not expect profits on the day of listing. 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.
Prashanth Tapse, Senior Vice President (Research) at Mehta Equities, said, “Considering the optimistic market mood along with decent subscription demand from all investor groups in the latest IPO process, we expect a flat quote at its issue price of Rs 288. one piece. RK Swamy received decent subscription demand despite knowing the seasonality and volatility of the business model.”
He added that the flat pricing is justified due to cyclical risk as the company is India’s leading integrated marketing services group, offering a one-stop solution for creative, media, data analytics and marketing services. market research for more than five decades in the industry.
“We believe RK Swamy would get more traction after its IPO as it would be the first of its kind and a unique play for an end-to-end marketing solutions company that is listed with no apple-to-apples peers to compare with. The company mainly serves the sector which is volatile in nature but the growth has been good in the last few years so the call for assigned investors is MAINTAINED for the long term while those investors who wish to add the listing date they can wait and watch the post-listing space. performance before taking any action,” Tapse said.
Details of RK Swamy’s IPO
Integrated marketing services company RK Swamy’s IPO received 25.78 subscriptions on the last day of subscription, March 6. The 423.56 crore IPO received bids for 21,22,37,750 shares against 82,32,946 shares on offer.
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.
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.
