About the Company:
Richa Info Systems Ltd is engaged in assembling of innovative products and systems Integrator of multifaceted solutions of leading quality products like Interactive Flat Panel, Interactive Board, Digital Podium, Digital Kiosk, CCTV Cameras to esteemed customers in sectors like Government, PSUs, Education, Defense.
Company provides wide choice of “Innovative Solutions”, providing service to Government organizations across India through Government e Marketplace (GeM).
Company import raw material from China and assemble the semi finished products and install the requisite software as per the customers requirement.
Company continues to provide the Annual Maintenance services to the clients to whom company has supplied products.
Company’s Products:
- SECURITY AND SURVEILLANCE – CCTV Camera.
- Board Room Solution: Conference Room System.
- INTERACTIVE TOUCH PANEL.
Company plans to Increase Geographical Presence:
Currently company supplies products in some cities of states of Maharashtra, Delhi, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Bihar and Haryana. In the state of Rajasthan and in Maharashtra company is in developing stage.
Company’s Business Model:
Management Team:
- Mr. Tushar Dineshchandra Shah (Designation: Chairman Cum Managing Director)
- Mr. Mrs. Hemaben Tushar Shah (Designation: Whole-Time Director)
Objectives of the Issue:
Fresh Issue: (Rs. 10 cr )
- To Meet Incremental Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Peer Group Comparison:
There are no listed companies in India whose business portfolio is comparable with that of Richa Info Systems ltd business and comparable to company’s scale of operations.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 30th June 21 |
|---|---|---|---|---|
| Revenue | 15.04 | 17.56 | 20.11 | 4.09 |
| Net Profit | 0.19 | 0.33 | 0.72 | 0.17 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 9th February 2022 |
| Issue Closes on:. | 11th February 2022 |
| Issue Price | Rs.125 |
| Face Value | Rs.10 |
| Minimum Lot | 1000 |
| Minimum Investment | Rs.1,25,000 |
| Issue Constitutes | 32.88% |
| Issue Size | Rs.10 cr |
| Market Cap | Rs.30.3 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 8,00,000 |
| Equity Shares Prior to the Issue | 16,30,000 |
| Equity Shares after the issue | 24,30,000 |
Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 16th February 2022 |
| Initiation of Refunds | on or Before 17th February 2022 |
| Credit of Equity Shares: | on or Before 17th February 2022 |
| Listing Date: | on or Before 18th February 2022 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 5.97 | 20.93 | 51.62% | 11.57 |
| Check IPO Allotment Status: |
|---|
Link InTime: https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Richa Info Systems Limited Shop No. 101, Shalin Complex, Sector-11, Gandhinagar Gujarat 382011 India; Mobile No.: +91 91570 94380; E-Mail: compliance@richainfosys.com; Web site: www.richainfosys.com; |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra Tel. Number: +91 22 4918 6200 Fex No.: (022) 4918 6060 Email Id: richainfosys.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| SWASTIKA INVESTMART LIMITED Merchant Banking Division Address: Flat No18 Floor 2 North Wing Madhaveshwar Coop Hsg Society Ltd Madhav Nagar, 11/12 S V Road Andheri W Mumbai Mumbai City- 400058 (Maharashtra). Telephone Number: +91-22-26254568-69 Email Id: merchantbanking@swastika.co.in Website: www.swastika.co.in |
