Rithwik Facility Management Services Ltd

Rithwik Facility Management Services

About the Company:

Rithwik Facility Management Services is engaged in the business of integrated facilities & property management and equipment & assets management.

They offer services to various clients which includes various corporate and developers.Company has its headquarters in Mumbai and they provide their services in Chennai and Coimbatore.

Company’s major services include managing the Security of the Building, Common Area Housekeeping, Water supply system management, operation of all equipments of the Building, AMC of Amenities such as Lifts, Generators, Chiller Plants, AHUs, Air Conditioners, etc.

Currently they are operational in Chennai and Coimbatore. Going forward they intend to add more cities.They have plans to establish their presence in other cities beginning with Bengaluru, Madurai etc.

Company is also engaged in the business of billing management including raising of maintenance and energy invoices and managing collections of their clients.They manage the billing and collections on their own account for these clients.They get majority of their revenue from this segment.

This is a bulk business for the company, wherein company’s dedicated and skilled personnel professionally take care of entire billing and collection process. Currently majority of their revenues is from deployment of personnel for billing and collections services.

In the last 9 years company has grown from a handful of 5 employees to a team of 88 dedicated staff managing facilities in Chennai and Coimbatore.

Services Provided by the Company are as follows:

  • Property Management / Facilities Management
  • Real Estate and other Asset Management and Maintenance
  • Billing and Collection Services


Revenue Breakup from Business Segments: (in Lakhs)

Management Team:

  1. Mr.Rithwik Rajshekar Raman (Designation: Chairman and Managing Director)
  2. Mr.Niranjan Vyakarna Rao (Designation: Whole Time Director)
  3. Mr.Natarajan Narayanasamy (Designation: Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Rithwik Rajshekar Raman 11,02,500 42.86
Niranjan Vyakarna Rao 13,500 11.11


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake (%)
Rithwik Rajshekar Raman 49.00 36.03
Niranjan Vyakarna Rao 0.60 0.44
Promoter Group Entities             50.40              37.06
Total 100% 73.53%


Objectives of the Issue:

  • Meeting Additional Working Capital Requirements.
  • Issue Expenses


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 3.7
Issue Expenses 0.35
Net Proceeds 4.05 cr


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 30th June 17
Revenue  6.77  13.50  21.61 23.90  21.49  5.52
Net Profit  (-0.20)  0.39  0.45  0.34  0.64  0.06


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Rithwik Facility Management Services
10 4.74 10.54 30.27% 15.67
Kaarya Facilities & Services Limited 10 2.73 21.90 28.54 17.26


IPO Details:

Details Info
Issue Opens on 29th December 2017
Issue Closes on:.   3rd  January 2018
Issue Price Rs.50
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,50,000
Issue Constitutes 26.47%
Issue Size Rs.4.05 cr
Market Cap Rs.15.30 cr
Listing at BSE SME
Total Equity Shares Offered (Fresh) 8,10,000
Equity Shares Prior 22,50,000
Equity Shares after the issue 30,60,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
4.74 10.54 30.27% 15.67


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Listing Gain 10%


Check IPO Allotment Status:

Bigshare Website (Click on the below Link)



Company Contact Info:
Rithwik Facility Management Services Ltd
RR Tower III, Thiru-VI-KA Industrial Estate,
Guindy, Chennai – 600 032,
Tamil Nadu, India
Tel. No.: +91 44 43534441
Fax. No.: N.A.
E-mail: info@rithwik.co.in
Website: www.rithwik.co.in


IPO Registrar Info:
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol, Andheri East,
Mumbai – 400 059, Maharashtra, India
Tel. No.: +91 22 6263 8200
Fax. No.: +91 22 6263 8299
Email: ipo@bigshareonline.com
Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com


Lead Manager to the Issue:
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End)
Western Express Highway, Andheri (East) Mumbai – 400 069,
Maharashtra, India
Tel No: +91 22 4075 1500;
Fax No: +91 22 4075 1511;
Email: sme.ipo@inventuremerchantbanker.com
Grievance Email: redressal@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com