R K Swamy IPO Allotment Finalised: GMP Today Indicates Negative Return On Listing Day

R K Swamy IPO Allotment Status: The share allotment of the R K Swamy IPO, which was open for public subscription between March 4 and March 6, has been finalised on Thursday evening. Investors can check their IPO allotment status by visiting the registrar’s portal, Kfin Technologies Ltd. Now, the share listing is going to take place on March 12 on both BSE and NSE. However, grey market is indicating a negative return for the IPO in the listing day.

The Rs 423.56-crore IPO received 25.78 subscription, getting bids for 21,22,37,750 shares against 82,32,946 shares on offer.

R K Swamy IPO GMP Today

According to market observers, unlisted shares of R K Swamy are currently trading Rs 5 lower in the grey market as compared with its issue price. The Rs minus 5 grey market premium or GMP means the grey market is expecting a loss of 1.74 per cent on the listing day. The GMP is based on market sentiments and keeps changing.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

R K Swamy IPO: How To Check Allotment Status

The IPO allotment status can be checked by following these steps:

1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.

2) Under ‘Issue Type’, select ‘Equity’.

3) Under ‘Issue Name’, select ‘R K Swamy Limited’ in the dropbox.

4) Enter your application number, or the Permanent Account Number (PAN).

5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.

Your share application status will appear on your screen.

You can also visit direct Link Intime portal — https://rti.kfintech.com/ipostatus/ and check the R K Swamy IPO allotment status.

R K Swamy IPO Details

The initial public offer of integrated marketing services firm R K Swamy was opened for subscription between March 4 and March 6. Overall, it got subscribed 25.78 times on the last day of subscription on Wednesday.

The portion for non-institutional investors received 34.24 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 33.31 times. The Qualified Institutional Buyers (QIBs) part got 20.58 times subscription. The Initial Public Offer (IPO) had a fresh issue of up to Rs 173 crore and an offer for sale component of up to 87,00,000 equity shares.

The company’s IPO had a price range of Rs 270-288 a share. RK Swamy Ltd on Friday said it has collected Rs 187 crore from anchor investors.

Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes. Also, funds would be utilised for investment in the IT infrastructure development of RK Swamy Ltd and its subsidiaries Hansa Research and Hansa Customer Equity.

RK Swamy Ltd is the largest Indian majority-owned integrated marketing services provider in India, offering a single-window solution for creative, media, data analytics, and market research services. SBI Capital Markets, IIFL Securities and Motilal Oswal Investment Advisors were the managers to the the offer.