Richa Info Systems was incorporated in 2010. It 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.
| Bidding Dates |
|---|
| 09 Feb 2022 - 11 Feb 2022 |
| Subscription |
|---|
| 5.05x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,25,000 | 1 | 1 | 1000 | 800.0 K | ₹125 | 67.08 % | ₹100.0 M | RHP DOC |
Richa Info Systems IPO SUBSCRIPTION STATUS
11 Feb '22Richa Info Systems IPO overall subscription rate was 5.05 times the total available shares
Richa Info Systems IPO retail subscription rate was 6.94 times in the retail segment
Richa Info Systems IPO non-institutional investor subscription rate was 3.16 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
11 Feb 2022 (Day 3) | 6.94x | 3.16x | - |
09 Feb 2022 (Day 1) | 2.53x | 1.4x | - |
10 Feb 2022 (Day 2) | 3.97x | 2.16x | - |
Richa Info Systems FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 8MFY21 | 4.9 | 139.5 | -58.8 | -58.9 |
| FY21 | 7.2 | 201.1 | 0.5 | 0.3 |
| FY20 | 3.3 | 175.6 | -15.9 | -16.1 |
| FY19 | 2.0 | 149.5 | -2.0 | -2.2 |
Richa Info Systems IPO SUBSCRIPTION STATUS DETAILS
Richa Info Systems had 800.0 K shares on offer
Richa Info Systems IPO offer price was ₹125
Richa Info Systems IPO minimum Investment was ₹125000
Richa Info Systems IPO issue size was ₹ 100.0 M
Richa Info Systems had a minimum lot size of 1000 Shares per application
Richa Info Systems NUMBER OF SHARES ON OFFER
Richa Info Systems IPO IMPORTANT DATES
| Issue Open Date | 09 Feb 2022 |
| Issue close Date | 11 Feb 2022 |
| Allotment Date | 16 Feb 2022 |
| Refund Date | 17 Feb 2022 |
| Demat Account Credit Date | 17 Feb 2022 |
| Listing Date | 21 Feb 2022 |
| Listing on Exchange(s) | NSE |
| Richa Info Systems Allotment Status | Exchange |
Richa Info Systems IPO subscription opened on 09 Feb 2022, and closed on 11 Feb 2022
IPO allotment for Richa Info Systems was finalized on Wednesday, 16 Feb 2022
IPO listing for Richa Info Systems was on NSE on Monday, 21 Feb 2022
Richa Info Systems IPO LISTING GAINS
| Issue Price (adjusted) | 125.0 |
| Listing Open Price | 125.0 |
| Listing Close Price | 118.8 |
| Listing Gain% | 0.0% |
| Current Gain% | -28.0% |
Richa Info Systems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richa Info Systems Ltd. | 90 | 21.9 | 16.6 | -0.2 | 0.2 | 6.1 | 4.9 | 142.8 | 11.8 | 7.5 | 42.8 | 5.4 | -74.8 |
| Havells India Ltd. | 1274.4 | 79897.5 | 48.9 | 3.1 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2704 | 77780.9 | 20.4 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16748 | 67299.7 | 57 | 1.7 | 2.8 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1050 | 47664.9 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37935 | 33540.2 | 60.9 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Richa Info Systems INFORMATION ON IPO ISSUE
About Richa Info Systems
Richa Info Systems was incorporated in 2010. It 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.
Object of the Issue
- To meet incremental working capital requirements
- General corporate purpose
- To meet public issue expenses
Richa Info Systems - PROMOTERS
| Name |
|---|
| Tushar Dineshchandra Shah |
| Hemaben Tushar Shah |
Richa Info Systems Lead Manager
Swastika Investmart Limited
merchantbanking@swastika.co.in
Richa Info Systems Registrar to the issue
Link Intime India Private Limited
richainfosys.ipo@linkintime.co.in
Richa Info Systems Strengths
Infrastructure and integrated capabilities to deliver quality Products.
The company aims to provide quality products to its customers and is devoted to quality assurance. The quality checks ensure that no defective products reached the customer and ensure reduced process rejection
Experienced promoters management team
The promoters have been actively involved in the business and continue to give personal attention
Strong brand image
Over the years, the company has successfully developed a strong and reliable brand image, which provides a competitive edge over other competitors
Richa Info Systems Risks
Dependent on few number of customers
The company is dependent on a few numbers of customers for sales. The loss of any of these large customers may affect revenues and profitability
Company has entered into related party transactions
The company has entered into related party transactions with its promoters, directors, promoter group, and group companies/entities and may continue to do so in the future
IPO FAQs
The promoters of the company are Tushar Dineshchandra Shah and Hemaben Tushar Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 125.0 - 125.0.
The IPO application opens on Feb 09, 2022 and closes on Feb 11, 2022.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 125,000.0, the maximum value for this IPO is Rs 125,000.0.
This IPO will be allotted on Feb 16, 2022.
The refund will be credited to your account on Feb 17, 2022.
The allotted shares will be credited to your demat on Feb 17, 2022.
Richa Info Systems Ltd.’s shares listed on the stock exchanges on Feb 21, 2022.