Richa Info Systems will launch its IPO on February 9, 2022

Richa Info Systems Limited has launched a public offering of 8,00,000 equity shares with a face value of Rs 10 each for cash at a price of Rs 125 per equity share, including a Rs 115 share premium. The IPO will take place on the NSE Emerge platform and will begin on the 9th of February 2022 and end on the 11th of February 2022. Swastika Investment Ltd is the issue’s lead manager, while Beeline Merchant Banking Private Ltd is the issue adviser. The goal of the offering is to cover additional working capital needs as well as general business purposes.

The company began its operations with office automation products and is now a multifaceted solutions integrator of leading quality products such as Interactive Board, Interactive Flat Panel, Digital Kiosk, Digital Podium and CCTV Cameras for esteemed customers in sectors such as PSUs, government, Education and Defense. Through the Government e-Marketplace, the firm offers a broad range of “Innovative Solutions” to government entities all throughout India. From FY 2021-2022, the firm will include e-learning school material to its product range, with content designed for CBSE Board courses ranging from Standard 1 to Standard 12. The goal is to make teaching, video conversations and surveillance more entertaining and accessible to the general public.

Richa Info Systems is a well-diversified company that benefits from a wealth of expertise and in-depth knowledge of the sector. Presently, the firm has a fantastic workforce that is properly managed and has ambitious expansion ambitions. As of November 2021, the company’s total revenue was Rs 1,396.87 lakhs, with a profit of Rs 48.57 lakhs. Mrs Hemaben Tushar Shah and Tushar Dineshchandra Shah are the promoters of the firm, which is located in Gandhinagar.

Competitive Advantages

• A company that is ISO 9001:2015 certified and has a certificate from BIC Limited’s quality system.

• The management staff of Promoters has a lot of expertise.

• The company’s “Techno” brand has a strong brand image among consumers.

Issue’s Goals

• In order to fulfill increased working capital needs.

• The overall mission of the company.

• to cover the costs of a public problem.

Frequently Asked Questions (FAQs)

Q1. What is the IPO of Richa Info Systems?

Richa Info Systems IPO is an IPO of 800,000 equity shares with a face value of ten rupees each, for a total of ten crore rupees. The offering costs 125 cents per equity share. A minimum order quantity of 1000 shares is required. The initial public offering (IPO) will begin on February 9, 2022, and end on February 11, 2022.

Q2. When will the IPO of Richa Info Systems take place?

Richa Info Systems’ initial public offering (IPO) will take place on February 9, 2022, and will end on February 11, 2022.

Q3. What is the size of the Richa Info Systems initial public offering (IPO) lot?

The minimum order quantity for Richa Info Systems’ IPO is 1000 shares.

Q4. How can I apply for the IPO of Richa Info Systems?

Richa Info Systems IPO applications may be submitted online using either UPI or ASBA as a payment option. The ASBA IPO application may be found in your bank account’s online banking. Brokers that do not provide banking services provide the UPI IPO application.

Q5. When will Richa Info Systems’ initial public offering (IPO) be available?

On February 16, 2022, the Basis of Allotment for the Richa Info Systems IPO will be finalized, and the assigned shares will be deposited to your demat account by February 17, 2022.

Q6. When will Richa Info Systems go public?

The IPO date for Richa Info Systems has yet to be declared. Richa Info Systems is expected to float on the stock exchange on February 18, 2022.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.