Richa Info Systems IPO: GMP, Price, Dates, Issue Size 

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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 
Ducol Organics IPO: GMP, Price, Dates, Issue size

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 
Ducol Organics IPO: GMP, Price, Dates, Issue size

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) 

  1. Swastika Investmart Ltd (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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