Richa info systems IPO 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.
Richa info systems IPO – overview
| IPO Dates | 10-15 Feb 2022 |
| IPO Price | INR 73 per share |
| Fresh issue | 2,771,200 shares (INR 20.23 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,771,200 shares (INR 20.23 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Richa info systems IPO – Tentative Dates
| IPO Offer Opening Date | 10 Feb 2022 |
| IPO Closing Date | 15 Feb 2022 |
| Finalization of Basis of Allotment | 18 Feb 2022 |
| Initiation of refunds | 21 Feb 2022 |
| Transfer of shares to demat accounts | 22 Feb 2022 |
| IPO Listing Date | 23 Feb 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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 the assembly of products and service industry and doesn’t have any plant & machinery of its own.
Industry Overview
The global sourcing market in India continues to grow at a higher pace compared to the IT-BPM industry. India is the leading sourcing destination across the world, accounting for approximately 55% market share of the US$ 200-250 billion global services sourcing business in 2019-20. The IT industry accounted for 8% of India’s GDP in 2020. Exports from the Indian IT industry are expected to increase by 1.9% to reach US$ 150 billion in FY21. In 2020, the IT industry recorded 138,000 new hires. According to STPI (Software Technology Park of India), the software exports by its registered units increased by 7% YoY to reach Rs. 5 lakh crore (US$ 67.40 billion) in FY21 from Rs. 4.66 lakh crore (US$ 62.82 billion) in FY20, driven by rapid digitization and the IT industry’s timely transition to remote working environments that helped to keep up the industry’s growth amid coronavirus pandemics.
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 is among customers.
Objectives of the issue
- To meet incremental working capital requirements
- General corporate purpose
- To meet public issue expenses
Company Financials
| Particulars | 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 |
Company Contact Information
Richa Info Systems
Shop No. 101,
Shalin Complex, Sector-11,
Gandhinagar-382011 (Gujarat)
Phone: +91 98989 07577
Email: compliance@richainfosys.com
Website: https://www.richainfosys.com/
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: richainfosys.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
