The much-awaited IPO R K Swamy Limited will open Monday, March 4, 2024. The Initial Public Offering (IPO) of up to equity shares of face value of Rs 5 each (Equity Shares) for cash at a price band from Rs 270 to Rs 288 per equity share. Bids can be made for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter.
The bid/offer will close on Wednesday, March 6, 2024.
As per a communique, the net proceeds from the issue are proposed to be used as follows: Funding working capital requirements of the Company Rs 540 million; Funding capital expenditure to be incurred by the company for setting up a digital video content production studio: Rs 109.85 million; Funding investment in IT infrastructure development of the Company, and Material Subsidiaries, Hansa Research Group Private Limited and Hansa Customer Equity Private Limited: Rs 333.42 million, and funding setting up of new customer experience centres and computer aided telephonic interview centres of the company: Rs 217.36 million. And general corporate purposes.