RK Swamy IPO: Retail portion fully subscribed in less than an hour of opening; check GMP, subscription status, more.
BSE data. RK Swamy IPO retail investors portion has been subscribed 2.26 times, Non Institutional Investors (NII) portion is booked 52%, and Qualified Institutional Buyers (QIB) portion is yet to be booked. The employee portion has been subscribed 16%.
Also Read: RK Swamy IPO opens today: GMP, review, subscription status, price, date, other details. Apply or not? RK Swamy IPO has opened for subscription today (Monday, March 4), and will close on Wednesday, March 6. 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. R K Swamy is an integrated marketing services provider that is data-driven and heavily relies on digital efforts for all aspects of its operations. Group CEO and Whole Time Director Narasimhan Krishnaswamy said today in an interview with CNBC-TV18 that their company has been boostrapped for the past 50 years and that they now need to accelerate and reset.
Krishnaswamy clarified in the interview that their revenue usually comes from H1 at 40% and H2 at 60%. The gross margin approaches 68%. The expanding clientele, new business, and regional expansion strategies will propel growth.
In general, the margin is higher in H2. Updates to the technology will increase operational effectiveness. Also Read: RK Swamy IPO to open on Monday: GMP, issue details, 10 key things to know before subscribing to ₹424 crore issue "Exciting news! Mint is now on WhatsApp Channels
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