RK Swamy limited

RK Swamy IPO Attracts Massive Retail Investor Interest: Key Details and Subscription Status

Discover the latest buzz around RK Swamy IPO subscription and key details. Is it worth investing in this highly-anticipated offering? Find out now!

RK Swamy, the renowned integrated marketing services firm, has recently launched its much-awaited initial public offering (IPO) to raise a substantial amount of Rs 423.6 crore. The IPO, with a price band of Rs 270-288, saw remarkable retail investor enthusiasm, leading to oversubscription by 2.18 times on the first day of bidding. Retail investors flocked to the RK Swamy issue, reflecting a strong market interest in the company's growth prospects.

The IPO consists of a fresh issue of 60.06 lakh shares worth Rs 173 crore, along with an offer-for-sale of 87 lakh shares valued at Rs 250.56 crore, showcasing the company's robust financial standing and growth trajectory. With impressive revenue growth of 30% annually and a remarkable 227% annual growth in profit after tax between FY21-23, RK Swamy stands out as a promising investment opportunity in the market.

In the unlisted market, RK Swamy's shares are trading with a healthy Grey Market Premium (GMP) of Rs 50, emphasizing the positive market sentiment towards the IPO. As the IPO continues to generate significant interest from investors, the closing date on March 6 is anticipated to witness heightened subscription levels, indicating a successful debut for RK Swamy in the public markets.

With the IPO subscription soaring on the first day and retail investors making a beeline for the offering, RK Swamy's debut in the market is set to make waves. Investors are closely monitoring the subscription status and GMP trends, eagerly awaiting the final outcome of this highly anticipated IPO.