The allotment of SME initial public offering (IPO) of RK Swami is expected to be finalised today. Investors who applied for the issue can check the allotment status by visiting the NSE. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Here’s how you can check the status on BSE:

Step 1: Visit the BSE Website

Step 2: Please select the issue name, that is the company’s name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

The allotment status can also be checked by visiting the official website of the registrar to the issue which is Kfin Technologies in this case.Step 1: Visit the IPO Allotment Status page on Kfin Technologies website Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and ‘Submit’.

RK Swamy IPO subscription status

The initial public offer (IPO) of RK Swamy was booked nearly 25.78 times on the final day of the bidding process. The issue received consolidated share bids of over 21.22 crore over the three-day issue period against 8,232,946 shares available for subscription. The retail category was subscribed 33.31 times while the non-institutional investors’ quota was booked 34.24. The portion for qualified institutional buyers (QIB) was subscribed 20.58 times.

The IPO comprises fresh equity sale of 60 lakh shares and an offer for sale of 87 lakh shares. At the upper end, the company plans to raise Rs 423 crore and issue is valued at a P/E ratio of 46.5 of its FY23 earnings.

RK Swamy IPO GMP

In the unlisted market, the company’s shares are trading with a GMP of Rs 25. This compares with an upper price band of Rs 288 per share.

RK Swamy IPO timeline

Initiation of refunds and transfer of shares into the demat accounts is expected to happen on March 11, Monday while stock’s listing is likely to take place on March 12, Tuesday.

RK Swamy IPO review

Analysts advised investors to subscribe to the issue as the company has demonstrated a proven capability to generate digital content at scale, establishing themselves as leaders in the field of market research.

“We believe that the valuation of the company is fairly priced and recommend a Subscribe-Long Term rating to the IPO,” said Anand Rathi.

“While the IPO presents an opportunity for substantial returns, investors must be prepared for potential cyclical returns and a longer investment horizon. Based on the above positives, we give the issue a Subscribe rating,” said BP Wealth.

About RK Swamy

RK Swamy stands as a prominent integrated marketing service group in India, providing a comprehensive solution encompassing creative, media, data analytics, and market research services under one roof.

Over the past five decades, they have achieved organic growth by adeptly responding to market trends and evolving client needs. Additionally, the company boasts a 15-year track record in the data analytics and marketing technology sector.

In the fiscal year 2023, the company delivered over 818 innovative campaigns for its clients across various media platforms. It also managed a substantial volume of data, processing more than 97.69 terabytes, and conducted over 2.37 million consumer interviews through quantitative, qualitative, and telephone surveys.

R K Swamy recorded a revenue of about Rs 300 crore in FY23. Over 50% of the company’s revenue comes from digital content. It services more than 400 clients every year and the top 50% of its clients contribute 70% of its topline.

The company claims that its top 50% of clients have been associated with the company for over a decade and the top 10% of clients have a longer relationship — 19 years on average.

For FY23, the company’s revenue from operations rose 25% year-on-year to Rs 293 crore. Net profit for the same period jumped 62% to Rs 31 crore.

RK Swamy IPO lead managers

SBI Capital Markets, IIFL Securities and Motilal Oswal Investment Advisors are the book running lead managers for the IPO, while Kfin Technologies is the registrar.

Also Read: Krystal Integrated Services to launch IPO on Mar 14

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)