R K SWAMY IPO going to knock on the door of Dalal Street soon. The company gets SEBI approval for its IPO papers filled in August 2023. R K SWAMY provides marketing services to its clients. They contribute through marketing, customer data analysis, marketing technology, and full-service market research. SEBI passed the observation letter to R K SWAMY. The company can open the IPO anytime within one year. R K SWAMY has been profitable for the last two years. We will share details about R K SWAMY IPO approval below.
R K SWAMY IPO Date, Price Band, Review, OFS, Fresh Issue, DRHP Details
R K SWAMY filed its IPO papers on 11 August 2023. The company received SEBI approval and an Observation letter in January 2024. According to sources, the company will offer a fresh issue for Rs. 215 Crore, with an offer for sale of 0.87 Crore shares. The company will have less than 10% share for retail investors. The opening and closing date for the IPO is unknown. R K SWAMY will have a face value of Rs. 5 per Equity share. R K SWAMY will avail its GMP a few days before the IPO. They will be utilizing the money raised in different segments. A part will be utilized for the funding of working capital. The rest will be utilized for the setup of a video content production studio.
The company is in the name of its founder, R K SWAMY. The company was incorporated in 1973. The finances of the company are strong with a strong foundation. They provide top marketing communications services in India. R K SWAMY has worked with clients like Aditya Birla Sun Life AMC, Havells India, Hawkins Cookers, ICICI Prudential Lie Insurance, Union Bank, etc. They are working to improve their quality every day. If you are taking an interest in the company’s upcoming IPO, let’s look at its financial reports as well. They have been profitable with an increase in profits over the years.
R K SWAMY was profitable in FY 2022-23 with a PAT of Rs. 31.26 Crores and revenue of Rs. 299.91 Crores. They made a PAT of Rs. 19.26 Crores in FY 2021-22 with a revenue of Rs. 244.97 Crores. They had a decent growth in six months. The company made a profit of Rs. 3.08 Crores in FY 2020-21. The revenue for the year was Rs. 183.22 Crores. R K SWAMY is looking up for further expansion. The company expects an increase in its profits for the upcoming years. We hope you get enough details about R K SWAMY Limited’s IPO above. Stay connected for more business updates.