Richa Info Systems IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 23, 2022Let’s have a detailed review of the company and analytics of the Richa Info Systems IPO release date, IPO offer price, subscription, Richa Info Systems Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 125 |
| Listing At | NSE SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | Feb 18, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1000 Lakh |
| IPO Size | Rs 1000 Lakh |
| Tick Size | 1 |
Richa Info Systems IPO is listed at a Rs.115 premium. Check out the live share price by clicking on the below link.
Richa Info Systems IPO – Summary
Their Company was incorporated as “Richa Info Systems Private Limited” at Gandhinagar on October 1, 2010, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by Assistant Registrar of Companies, Gujarat, Dadra, and Nagar Havelli.
Subsequently, the conversion of their Company into a public limited company, the name of their Company was changed to “Richa Info Systems Limited” and a fresh certificate of incorporation dated September 14, 2021, was issued by the Registrar of Companies, Ahmedabad.
The Promoter of this company is MR. TUSHAR DINESHCHANDRA SHAH AND MRS. HEMABEN TUSHAR SHAH. The lead manager to the issue is SWASTIKA INVESTMART LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Richa Info Systems IPO Date
The opening and the closing date of Richa Info Systems IPO are Feb 9, 2022 and Feb 11, 2022 Respectively.
Richa Info Systems IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 9th Feb | 1.40x | 2.53x | 1.96x |
| 2nd Day – 10th Feb | 2.16x | 3.97x | 3.06x |
| 3rd Day – 11th Feb | 3.16x | 6.94x | 5.05x |
| Shares Offered or Net Issue | 380,000 | 380,000 | 760,000 |
The shares subscribed by the public will be updated here.
Check Richa Info Systems IPO LIVE Subscription
- Richa Info Systems IPO LIVE Bid details on BSE
- Richa Info Systems IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Richa Info Systems IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Richa Info Systems Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 16, 2022 |
| Refunds Initiation | Feb 17, 2022 |
| Credit of Shares to Demat Account | Feb 17, 2022 |
| Share Listing Date | Feb 18, 2022 |
Richa Info Systems IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.125
Richa Info Systems IPO Size
This Initial Public Issue of 800000 Equity Shares of Rs.10 each for cash at a price of Rs.125 per equity share aggregating to Rs.1000 Lakh.
Richa Info Systems IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 800,000 Equity Shares of Rs.10/ each.
Issue Size: 800000 Equity Shares of Rs.10 each, aggregating to Rs.1000 Lakh
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Richa Info Systems IPO – Live Performance
The listing date of this IPO is Feb 18, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Richa Info Systems Share Price |
Richa Info Systems IPO Grey Market Premium
The Richa Info Systems Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Richa Info Systems IPO – Company Overview
They started their Business from the office Automation products and at present, they are engaged in assembling of innovative products and systems Integrator of multifaceted solutions of leading quality products like Interactive Flat Panel, Interactive Board, Digital Podium, Digital Kiosk, CCTV Cameras to esteemed customers in sectors like Government, PSUs, Education, Defense.
Richa Info Systems provide a wide choice of “Innovative Solutions”, providing service to Government organizations across India through Government e-Marketplace (GeM). They import their raw material from China and assemble the semi-finished products and install the requisite software as per the customer’s requirement.
“Customer Satisfaction” is their topmost priority, In-House Knowledge Center for Technical Supremacy, Education technology solutions Like Interactive Board, Projector, Interactive Projector, HD Visualizer, Digital Podium (Electronic Lectern), Interactive Pad, Digital signage and display solutions with Products like Professional Large Format Display, LED Video Walls, Information Kiosk, Board Room Solutions, Security & surveillance solutions, IT technology solutions, Office Automation Solutions Like Multi-function Machines, EPABX, Healthcare vertical solutions, etc.
Their Company continues to provide the Annual Maintenance services to the clients to whom they have supply their products. Their sales and service set up always aims to provide the best of the services and support. In order to do this, they have a professionally trained, dedicated team who are just a call away from customers.
Richa Info Systems IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 1036.96 | 883.80 | 406.53 | 265.81 |
| *Total Revenue | 409.41 | 2011.34 | 1756.24 | 1504.21 |
| Total Expense | 385.31 | 1912.75 | 1708.60 | 1475.20 |
| Profit After Tax | 17.83 | 72.25 | 33.41 | 19.65 |
Earnings per Equity Share (in Million)
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.47 | 5.97 | 2.76 | 1.62 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 72.25 Lakh, Rs. 33.41 Lakh, and Rs. 19.65 Lakh respectively.
Richa Info Systems IPO – Promoters
The Promoter of this company is:
- MR. TUSHAR DINESHCHANDRA SHAH
- MRS. HEMABEN TUSHAR SHAH
List of Related Parties (Key Managerial Personnel)
- Tushar Dineshchandra Shah Chairman Cum Managing Director
- Hemaben Tushar Shah, Whole-Time Director
- Dineshchandra Fulchand Shah, Executive Director
- Sejal Pandya, Independent Director
- Milap Arvindkumar Mehta, Independent Director
Richa Info Systems IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Richa InfoSystems IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 8,00,000 Equity Shares aggregating up to Rs.1000 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 40,000 Equity Shares aggregating up to Rs.50 Lakh |
| Net Issue to the Public | Up to 7,60,000 Equity Shares aggregating up to Rs.950 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,80,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,80,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 16,30,000 Equity Shares |
| Equity Shares outstanding after the Issue | 24,30,000 Equity Shares |
Richa Info Systems IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Incremental Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
Richa Info Systems – Business Strategy
- Optimal Utilization of Resources
- Quality Assurance
- Increase Geographical Presence
Richa Info Systems IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Infrastructure and Integrated capabilities to deliver quality Products
- Experienced Promoters management team
- Strong Brand Image
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 5.97 | 51.62 | 11.57 |
| 31-Mar-20 | 2.76 | 48.31 | – |
| Mar-19 | 1.62 | 55.50 | – |
Richa Info Systems IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Richa Info Systems Limited | 10 | [●] | 5.97 | 51.62 | 409.41 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Richa Info Systems IPO Lead Managers
| Lead Managers |
| SWASTIKA INVESTMART LIMITED SEBI Registration Number: INM000012102 Merchant Banking Division Address: Flat No18 Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City- 400058 (Maharashtra). Telephone Number: +91-22-26254568-69 Email Id: merchantbanking@swastika.co.in Investors Grievance Id: investorgreivance@swastika.co.in Website: www.swastika.co.in Contact Person: Mr. Mohit R. Goyal CIN: L65910MH1992PLC067052 |
Richa Info Systems IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra Tel. Number: +91 22 4918 6200 Fex No.: (022) 4918 6060 Email Id: richainfosys.ipo@linkintime.co.in Investors Grievance Id: richainfosys.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Ms. Shanti Goapalkrishnan CIN: U67190MH1999PTC118368 |
Richa Info Systems IPO – Other Details
- Statutory Auditor – M/s A Y & Company, M/s. G. C. Patel & Co
- Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
- Bankers to the Company – Punjab National Bank
Richa Info Systems IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Richa Info Systems Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Richa Info Systems IPO Review FAQs
Ques – What is the Issue Size of Richa Info IPO?
Answer – The Company is making an initial public offer of 800000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Richa Info IPO?
Answer – The price band for this particular IPO ranges between Rs.125. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Richa InfoSystems IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 9, 2022, while the closing date is set at Feb 11, 2022.
Ques – What is the Richa InfoSystems IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Feb 16, 2022, refund initiation is on Feb 17, 2022, credit of shares is on Feb 17, 2022, and share listing date is on Feb 18, 2022.
Ques – What is the Richa InfoSystems IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Feb 18, 2022. The date, when the listing would be done, is stagnant on Feb 18, 2022.
Ques – Who is the Registrar of Richa Systems IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Richa Info IPO?
Answer – Here are the promoters of this IPO – MR. TUSHAR DINESHCHANDRA SHAH AND MRS. HEMABEN TUSHAR SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Richa Info IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Richa Info IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Richa Info?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 72.25, 2020 is 33.41, 2019 is 19.65. PAT from June 2021 is 17.83.
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