RK Swamy IPO Day 2: 5 key things to know from RHP

livemint.com:

BSE, RK Swamy IPO subscription status was 3.85 times, with retail portion subscribed 13.41 times, as of 1:15 pm on Tuesday, March 5. RK Swamy IPO subscription status was 2.19 times, as per BSE data, on the first day. RK Swamy IPO opened for subscription on Monday, March 4, and it will close on Wednesday, March 6.

Also Read: RK Swamy IPO: Issue subscribed 2.19 times on day 1 led by retail investors; check GMP The IPO has reserved not less than 75 per cent of the shares in the public issue for qualified institutional buyers (QIB), not more than 15 per cent for non-institutional Institutional Investors (NII), and not more than 10 per cent of the offer is reserved for retail investors. The employee portion has been reserved equity shares aggregating up to ₹7.50 crores. The employee discount comes in at ₹27 per share.

Also Read: RK Swamy IPO Day 2: Check GMP, subscription status, review, key dates, more. Should you subscribe or not? As per the RHP, the firm is one of the leading integrated marketing service groups in India, offering a single-window solution for creative, media, data analytics and market research services. Here are 5 key things to know from the RHP (Red Herring Prospectus) of RK Swamy IPO: Type of the issue: The issue is a combination of a fresh issue of 60 lakh shares aggregating to ₹173 crore and an offer for sale (OFS) of 87 lakh shares aggregating to ₹250.56 crore.

Price band: The price band has been fixed in the range of ₹270 to ₹288 per equity share of the face value of ₹5. RK Swamy IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter. Also Read: RK Swamy IPO: Here are 10 key risks from the RHP you should know before subscribing Book-running lead managers: The book-running