RK Swamy

RK Swamy IPO: All You Need to Know Before Subscribing!

Excited about the RK Swamy IPO? Here are key details you shouldn't miss!

RK Swamy's IPO has created a buzz in the market with its fresh issue of ₹173 crore and an offer-for-sale of up to 8700000 equity shares. The IPO, with a total worth of ₹423.56 crore, has attracted investors' attention. The company has witnessed significant growth, with revenue rising by 30% annually and a notable profit increase of 227% per year between FY21-23.

Investors are optimistic about the RK Swamy IPO, considering its strong performance and potential in the digital content creation market. The IPO's price band of ₹270-288 per share has generated interest among retail investors, leading to quick subscription filling within hours of opening. Market experts recommend subscribing to the issue, highlighting the company's prowess in digital marketing communications.

With a full subscription on the first day and impressive demand in the grey market, RK Swamy IPO has set a positive tone in the market. The IPO has garnered 1.74 times the subscription by 4 PM, showcasing the high investor interest. Brokers are also supporting the IPO, further enhancing its market appeal.