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 Date | Dec 29, 2017 - Jan 3, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 810,000 Eq Shares of ₹10 (aggregating up to ₹4.05 Cr) |
| 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 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150,000 |
| Maximum | 1 | 3000 | ₹150,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 405,000 | 405,000 | 810,000 |
Jan 3, 2018 17:00 | |||
| Listing Date | Thursday, January 11, 2018 |
| BSE Script Code | 540843 |
| NSE Symbol | |
| Listing In | M |
| ISIN | INE819Y01015 |
| IPO Price | ₹50 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
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 price of the IPO is ₹50 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Rithwik Facility IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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