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Incorporated in 2010, Rithwik Facility Management Services Limited is Chennai, Tamil Nadu based company engaged in the business of integrated facilities & property management and equipment & assets management. In detail, the services including managing the Security of the Building, Common Area Housekeeping, Water supply system management, operation of all equipments of the Building, AMC of Amenities such as Lifts, Generators, Chiller Plants, AHUs, Air Conditioners, etc.
Company is also engaged in the business of billing management including raising of maintenance and energy invoices and managing collections. Company get majority of its revenue from this segment. This is a bulk business for the company.
Company offers these services to corporate customers and developers in Chennai and Coimbatore. Company utilize latest technologies and process that allows company to reduce operation costs and improve life cycles of equipment and property it manages.
Rithwik Facility Management has over 88 employees. Its products / services include:
1. Property Management / Facilities Management
2. Real Estate and other Asset Management and Maintenance
3. Billing and Collection Services
The Promoters of the Company are::
1. Rithwik Rajshekar Raman and
2. Niranjan Vyakarna Rao
The objects of the Issue are:
1. Meeting Additional Working Capital Requirements
| IPO Opening Date | Dec 29, 2017 |
| IPO Closing Date | Jan 3, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 810,000 Eq Shares of ₹10 (aggregating up to ₹4.05 Cr) |
The Rithwik Facility IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150,000 |
| Maximum | 1 | 3000 | ₹150,000 |
The Rithwik Facility IPO is subscribed times on Jan 3, 2018 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | |
| RII | |
| Total |
| Listing Date | Thursday, January 11, 2018 |
| BSE Script Code | 540843 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE819Y01015 |
| IPO Price | ₹50 per equity share |
| Face Value | ₹10 per equity share |
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Rithwik Facility Management Services Ltd
R.R. Tower III,
Thiru-VI-KA Industrial Estate,
Guindy, Chennai 600 032
Phone: +91 44 4353 4441
Email: info@rithwik.co.in
Website: http://www.rithwik.co.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Rithwik Facility IPO is a SME IPO of 810,000 equity shares of the face value of ₹10 aggregating up to ₹4.05 Crores. The issue is priced at ₹50 per equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Dec 29, 2017, and closes on Jan 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Rithwik Facility IPO opens on Dec 29, 2017 and closes on Jan 3, 2018.
Rithwik Facility IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Rithwik Facility 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rithwik Facility IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rithwik Facility IPO allotment status.
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