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Richa Info Systems IPO (Richa Info Systems IPO) Detail

February 9, 2022 - February 11, 2022

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.

Richa Info Systems IPO Details

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 Size800,000 shares
(aggregating up to ₹10.00 Cr)
Fresh Issue800,000 shares
(aggregating up to ₹10.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion40,000 shares

Richa Info Systems IPO Reservation

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 Offered40,000 (5.00%)
Other Shares Offered380,000 (47.50%)
Retail Shares Offered380,000 (47.50%)
Total Shares Offered800,000 (100%)

Richa Info Systems IPO Timeline (Tentative Schedule)

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

Richa Info Systems IPO Lot Size

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

About Richa Info Systems

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:

  • ISO 9001:2015 certified company and holds a certificate under the quality system of BIC Limited (UK).
  • The experienced Promoters management team.
  • The strong brand image of the company's "Techno" brand among customers.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Key Performance Indicator

The market capitalization of Richa Info Systems IPO is Rs 30.38 Cr.

Pre IPO Post IPO
P/E (x) 41.67

Objects of the Issue (Richa Info Systems IPO Objectives)

  • To meet incremental working capital requirements
  • General corporate purpose
  • To meet public issue expenses

Richa Info Systems IPO Review (Avoid)

[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...

Richa Info Systems IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Richa Info Systems IPO Prospectus

Richa Info Systems IPO Rating

Rating:Rated 3.8 stars
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Richa Info Systems IPO Listing Details

Listing Date February 21, 2022
BSE Script Code
Final Issue Price ₹125 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Richa Info Systems Contact Details

Richa Info Systems
Shop No. 101,
Shalin Complex, Sector-11,
Gandhinagar-382011 (Gujarat)
Phone: +91 98989 07577

Richa Info Systems IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Richa Info Systems IPO - Buy or Not

Richa Info Systems IPO Recommendation Summary

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Members 0 0 0

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Richa Info Systems IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Richa Info Systems IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Richa Info Systems IPO listing date is on February 21, 2022.
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Richa Info Systems IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



37. Humdan |   Link |  Bookmark |March 29, 2022 2:04:20 PM
How to withdraw application
36. arunARUN |   Link |  Bookmark |March 28, 2022 3:48:52 PM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
Retail is full allotment and where is the demand post listing? Whoever wanted to buy on listing can buy today at fixed price
35. MANSUKH |   Link |  Bookmark |March 14, 2022 3:54:45 PM
34. Learner SK |   Link |  Bookmark |February 21, 2022 7:29:17 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
@Avenue and other allottees- All the best for the listing.
34.1. Avenue |   Link |  Bookmark |February 24, 2022 11:44:17 AM
@Learner Sk..Thanks for your wishes. They did not work though :)
But still your kind wishes are appreciated.
33. AMIT IND |   Link |  Bookmark |February 21, 2022 8:30:43 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
32. Yash chopra |   Link |  Bookmark |February 18, 2022 8:53:48 AM
Dear admin
The page is still showing listing on 18th feb .
Pls update
32.1. Yash chopra |   Link |  Bookmark |February 18, 2022 10:00:15 AM
Just got this info ..Listing will be on monday 21.02.2022
31. MehulStk |   Link |  Bookmark |February 18, 2022 8:07:09 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
When will be the listing of Richa Info Systems?
31.5. Avenue |   Link |  Bookmark |February 24, 2022 11:09:04 AM
@Noorul... I was attending a family wedding in Ooty and returned last night only.
Sadly could not sell and now this war... I sense tough days ahead...

Fortunately I has redeemed some mutual funds just before leaving last week for readjustment of portfolio and could not buy new ones due to vacation. That will help cover some loss.. don't know how much.

best wishes...
31.6. Noorul |   Link |  Bookmark |February 24, 2022 11:30:40 AM
@ avenue.. same here men. Got stuck in lower circuit of maruti interior. But the gud thing is that company is very impressive in term of fundamentals and reasonable price unlike richa.
The new rule of allotment for hni from 1st april going to make days much darker than ever, no doubt toughest time ahead. Watching the current scenario Yesterday only I settled half of my cash in property..
30. Visamp |   Link |  Bookmark |February 17, 2022 7:06:57 AM
Hi friends
Anyone got allotted ,or debited bank ,
30.3. DCG |   Link |  Bookmark |February 17, 2022 2:26:02 PM
I got allotment 1/2
30.4. MehulStk |   Link |  Bookmark |February 18, 2022 8:07:42 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Avenue When will be the listing of Richa Info Systems?
29. BuLLz EyE |   Link |  Bookmark |February 14, 2022 8:59:50 AM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Record date for policyholders 13th Feb ?
29.1. BuLLz EyE |   Link |  Bookmark |February 14, 2022 9:17:45 AM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Sorry, wrongly posted here
this is about LIC
28. montu parashar |   Link |  Bookmark |February 11, 2022 12:00:46 PM
Kya groww app me sme ipo agar allote hota hai to listing Wale day ko sell kar sakte hai.please agar kisi ka account groww me hai to..
28.2. montu parashar |   Link |  Bookmark |February 13, 2022 10:19:19 PM
Thanks learner sk
28.3. bAAz |   Link |  Bookmark |February 17, 2022 7:12:10 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Groww not allow to sell in preopen
27. Learner SK |   Link |  Bookmark |February 12, 2022 9:31:21 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
How does the market maker plays role on listing day of SME IPO? Do they try to make a positive listing?

@Avenue - Have you accepted the mandate?
27.1. Avenue |   Link |  Bookmark |February 12, 2022 10:05:53 AM
Yes. I have accepted both mandates.
BUT It is expensive !!!
26. Bhav |   Link |  Bookmark |February 11, 2022 1:12:37 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@lokesh, @noorul, @m.Ravi, @ avenue, @ other experts, please give view on this, are you all applying here?
26.6. lokes |   Link |  Bookmark |February 11, 2022 9:02:34 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
as per your risk, anyone can decide....retailers be more careful who cant afford more may give little profit or little loss on listing....but after listing, profit may not increase much but loss may increase, depends little bit on market conditions/operators too.
26.7. Avenue |   Link |  Bookmark |February 11, 2022 9:14:32 PM
@Lokes.. Most probably I will accept both mandates tomorrow. I owe it to Maruti for releasing funds earlier.
25. TheLearner |   Link |  Bookmark |February 11, 2022 2:31:27 PM
no buyer .....
24. Trueinfo |   Link |  Bookmark |February 11, 2022 1:41:02 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Subscription not getting updated since 2.05 PM. Request update latest subscription figure
24.2. Madhusudhana Rao K |   Link |  Bookmark |February 11, 2022 1:50:12 PM
11th Feb 2022 14:07      0.00x      2.69x      5.21x      3.95x
24.3. AMIT IND |   Link |  Bookmark |February 11, 2022 2:11:32 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
its not working properly on nse site also . its updating every 25 to 30 mins.
23. Madhusudhana Rao K |   Link |  Bookmark |February 11, 2022 1:56:52 PM
Not g8 subscription and over priced.

I am ignoring this SME IPO this time.
22. Mas |   Link |  Bookmark |February 11, 2022 1:10:21 PM (200+ Posts)
Subscription not moving as expected.
More ever market sentiment is negative.

21. shareHunterz |   Link |  Bookmark |February 11, 2022 11:52:48 AM
IPO bharvo ke nai enu tension
laagyo ke nai enu tension
refund aavanu tension
listing price nu tension
listing pachi UC lagse ke LC laagse enu tension.
ane pachi LC ma nikadvanu tension

aa IPO ma LC ma fasai javanu tension vadhaare laage che, ek aad IPO break leva ma kasu lutai nai jai...
20. Gopinathji |   Link |  Bookmark |February 11, 2022 10:47:23 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Wait 2.45pm bad me kuch sochte hai
19. Mas |   Link |  Bookmark |February 11, 2022 7:46:38 AM (200+ Posts)
Subscription figure tempting me to apply
19.1. Amit Jaipur |   Link |  Bookmark |February 11, 2022 8:12:15 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Me too.I am going to apply. views of senior expert members pls..
19.2. Amit Jaipur |   Link |  Bookmark |February 11, 2022 10:37:25 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
I am thinking of applying 6 Retail applns.
18. Anuragsinghal |   Link |  Bookmark |February 11, 2022 10:03:25 AM
Any subject 2 rates ?