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Richa Info Systems IPO is a fixed price issue of Rs 10.00 crores. The issue is entirely a fresh issue of 8 lakh shares.
Richa Info Systems IPO bidding started from February 9, 2022 and ended on February 11, 2022. The allotment for Richa Info Systems IPO was finalized on Wednesday, February 16, 2022. The shares got listed on NSE SME on February 21, 2022.
Richa Info Systems IPO price is ₹125 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹125,000.
Swastika Investmart Ltd is the book running lead manager of the Richa Info Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Richa Info Systems IPO RHP for detailed information.
| IPO Date | February 9, 2022 to February 11, 2022 |
| Listing Date | February 21, 2022 |
| Face Value | ₹10 per share |
| Price | ₹125 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 800,000 shares (aggregating up to ₹10.00 Cr) |
| Fresh Issue | 800,000 shares (aggregating up to ₹10.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 40,000 shares |
Richa Info Systems IPO offers 800,000 shares. 380,000 (47.50%) to NII, 380,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 40,000 (5.00%) |
| Other Shares Offered | 380,000 (47.50%) |
| Retail Shares Offered | 380,000 (47.50%) |
| Total Shares Offered | 800,000 (100%) |
Richa Info Systems IPO opens on February 9, 2022, and closes on February 11, 2022.
| IPO Open Date | Wednesday, February 9, 2022 |
| IPO Close Date | Friday, February 11, 2022 |
| Basis of Allotment | Wednesday, February 16, 2022 |
| Initiation of Refunds | Thursday, February 17, 2022 |
| Credit of Shares to Demat | Thursday, February 17, 2022 |
| Listing Date | Monday, February 21, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 11, 2022 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹125,000 |
| Retail (Max) | 1 | 1000 | ₹125,000 |
| Lot Size Calculator | |||
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:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Nov-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 172.13 | 88.38 | 40.65 | ||
| Total Revenue | 139.68 | 201.13 | 175.62 | ||
| Profit After Tax | 4.85 | 7.22 | 3.34 | ||
The market capitalization of Richa Info Systems IPO is Rs 30.38 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 41.67 |
[Dilip Davda] Based on its financial performance, the issue is priced exorbitantly. Post-IPO, its paid-up equity capital will be under Rs. 2.50 cr. indicating longer gestation for mainboard migration. The is no harm in ignoring this pricy issue. Read detail review...
The Richa Info Systems IPO is subscribed 5.05 times on February 11, 2022 5:10:00 PM. The public issue subscribed 6.94 times in the retail category, times in the QIB category, and 3.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.16 |
| Retail | 6.94 |
| Total | 5.05 |
| Listing Date | February 21, 2022 |
| BSE Script Code | |
| NSE Symbol | RICHA |
| ISIN | INE0J1P01015 |
| Final Issue Price | ₹125 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹125.00 |
| ₹125.00 |
| ₹118.75 |
| ₹127.00 |
| ₹118.75 |
Richa Info Systems
Shop No. 101,
Shalin Complex, Sector-11,
Gandhinagar-382011 (Gujarat)
Phone: +91 98989 07577
Email: compliance@richainfosys.com
Website: https://www.richainfosys.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: richainfosys.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Richa Info Systems IPO is a SME IPO of 800,000 equity shares of the face value of ₹10 aggregating up to ₹10.00 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 1000 Shares.
The IPO opens on February 9, 2022, and closes on February 11, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Richa Info Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Richa Info Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Richa Info Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Richa Info Systems IPO opens on February 9, 2022 and closes on February 11, 2022.
Richa Info Systems IPO lot size is 1000 Shares, and the minimum amount required is ₹125,000.
You can apply in Richa Info Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Richa Info Systems IPO will be done on Wednesday, February 16, 2022, and the allotted shares will be credited to your demat account by Thursday, February 17, 2022. Check the Richa Info Systems IPO allotment status.
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