R K SWAMY IPO will open bidding to retail investors on March 04 to raise a total of Rs 423.56 crore, of which Rs 250.56 crore will go to the promoters and other large investors. The company will get Rs 173 crore from, the raised proceeds.
The company has set the IPO price band at Rs 270-280 per equity share. The IPO subscription will close on March 06 and from thereafter the shares will list on both the bourses – NSE and BSE. The company is seeing a grey market premium of 31.25% per equity share.
A retail investor will have to subscribe for a minimum of 50 shares summing to Rs 14,400. The company raised Rs 187.23 crore from the anchor investors by offering 6.5 million shares. Nippon Life India Trust through its Nippon India Small Cap Fund scheme bought the highest number of shares among anchor investors – 26.72% of the total anchor investor portion.
The raised money will be used to fund working capital; capital expenditure to set up a digital video content production studio (“DVCP Studio”), new customer experience centres, and computer-aided telephonic interview centres; IT infrastructure and the Material Subsidiaries, Hansa Research, and Hansa Customer Equity; and other general corporate purposes.
The company is in the business of customer data analysis, integrated marketing communications, syndicated studies, and full-service market research providing these services to a lot of clients such as Aditya Birla Sun Life AMC, Havells India, Dr. Reddy’s Laboratories, E.I.D. – Parry (India), Cera Sanitaryware, Fujitsu General (India) Private, etc.
SBI Capital Markets, Iifl Securities, and Motilal Oswal Investment Advisors were the book-running lead managers for the issue, while Kfin Technologies registrar.