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News Details

04/02/2022 17:50

Richa Info Systems L announces launch of initial public offering

Richa Info Systems Ltd. has announced public offering of 800000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 115.00 per share. The gross proceeds of the issue are expected to be Rs 1,000.00 lakhs.

The company's initial public offer (IPO) will open on 09 February 2022 and is expected to close on 11 February 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 800000 Equity Shares of the Company at an price of Rs 125.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Richa Info Systems Ltd. anticipates using the proceeds of the issue for .

SWASTIKA INVESTMART LIMITED as lead manager & Link Intime India Private Limited is the registrar, to the issue.