R K Swamy Limited Initial Public Offer To Open On March 4, 2024

 

Mumbai: “R K Swamy Limited” (the “Company” or the “Issuer”), proposes to open on Monday, March 4, 2024, an Initial Public Offering (“IPO”) of up to Equity Shares of Face Value of ₹ 5 each (“Equity Shares”) for cash at a Price Band from ₹ 270 to ₹ 288 per Equity Share (including a share premium) (the “Offer Price”) (the “Offer”) Bids can be made for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter (the “Price Band”). The Anchor Investor Bidding Date shall be Friday, March 1, 2024. The Bid/Offer will open on Monday, March 4, 2024, for subscription and close on Wednesday, March 6, 2024 (the “Bid / Offer Period”).

The Offer comprises a Fresh Issue of Equity Shares aggregating up To ₹ 1,730 million (“Fresh Issue”) and an Offer For Sale of up to 8,700,000 Equity Shares (the “Offered Shares”) (the “Offer For Sale” together with the Fresh Issue, the “Offer”): comprising Up To 1,788,093 Equity Shares by Srinivasan K Swamy; up to 1,788,093 Equity Shares by Narasimhan Krishnaswamy; up to 4,445,714 Equity Shares by Evanston Pioneer Fund L.P.; and up to 678,100 Equity Shares By Prem Marketing Ventures LLP (collectively, the “Selling Shareholders”).

The Net Proceeds from the Fresh Issue are proposed to be used as follows: Funding working capital requirements of the Company Rs. 540.00 million; Funding capital expenditure to be incurred by the Company for setting up a digital video content production studio (“DVCP Studio”) Rs. 109.85 million; Funding investment in IT infrastructure development of the Company, and Material Subsidiaries, Hansa Research Group Private Limited (“Hansa Research”) and Hansa Customer Equity Private Limited (“Hansa Customer Equity”) Rs. 333.42 million; and funding setting up of new customer experience centers (“CEC”) and computer-aided telephonic interview centers (“CATI”) of the Company Rs. 217.36 million; and general corporate purposes.

The Offer Includes a reservation of Equity Shares, aggregating up to ₹ 75 million for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer less The Employee Reservation Portion Is hereinafter referred to as the “Net Offer”.

The Company has in consultation with the Book Running Lead Managers (“BRLMs”) offered a discount of ₹ 27 per equity share on the Offer Price to Eligible Employees bidding in the Employee Reservation Portion (“Employee Discount”).

SBI Capital Markets Limited, IIFL Securities Limited, and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the Offer.