Rithwik Facility IPO is all about to make its debut on 29 Dec 2017 with issue size of INR 4.05 Cr
Incorporated in 2010, Rithwik Facility Management Services Limited is a corporation situated in Chennai, Tamil Nadu, that manages both equipment and assets as well as integrated facilities and properties. The services include, in detail, monitoring the building’s security, common area cleaning, water supply system management, operating all of the building’s equipment and AMC of amenities including lifts, generators, chiller plants, AHUs and air conditioners.
Additionally, the company is involved in the billing management sector, which includes creating maintenance and energy invoices and managing collections. This market sector provides the majority of the company’s revenue. The company’s bulk business is this.
INDUSTRY OVERVIEW
With a growth prediction of 7.1% for the Indian economy in FY 2016–17, the Central Statistics Organisation and International Monetary Fund have named India as the major economy with the fastest rate of growth in the world. For FY 2017–18, the Economic Survey 2016–17 forecasts growth of 6.7%–7.5%. The Reserve Bank of India’s efforts on reducing inflation and rising global commodity prices have all contributed to the country’s economic development. According to Nielsen, India has the highest global consumer confidence index, and Moody’s has upheld the nation’s Baa3 credit rating with a stable outlook. With consistent tax collection data, anticipated corporate earnings growth, a thriving start-up environment, and a growing labour force, India is anticipated to maintain its robust economic trend.
Rithwik Facility IPO Details
| IPO Date | Dec 29, 2017 to Jan 3, 2018 |
| Listing Date | Jan 11, 2018 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 810,000 shares(aggregating up to ₹4.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 677.2 | 1,350.9 | 2,161.1 | 2,390.3 | 2,149.3 | 551.7 |
| Total expenses | 689.0 | 1,286.1 | 2,067.2 | 2,312.3 | 2,019.8 | 538.2 |
| Profit after tax | -20.1 | 39.9 | 45.2 | 33.8 | 64.0 | 6.1 |
Objects of the Issue
The objects of the Issue are:
1. Meeting Additional Working Capital Requirements
Rithwik Facility IPO Prospectus
Company Contact Information
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
Rithwik Facility IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Rithwik Facility IPO Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
