RK Swamy IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.RK Swamy Ltd. will launch its initial public offering tomorrow and the offer will be concluded on March 06. The Integrated marketing services firm has fixed a price band of Rs 270-288 per share. The minimum order lot is 50.The Rs 423.6 crore IPO comprises fresh issue of up to Rs 173 crore, with offer-for-sale worth Rs 250.6 crore. .Object of the fresh issueFunding working capital requirements of the company.Funding capital expenditure to be incurred by the company. Funding investment in IT infrastructure development of the company.Funding setting up of new customer experience centres and CATI. General corporate purposes..Valuation The organization stands as a prominent integrated marketing service group in India, providing a comprehensive solution encompassing creative, media, data analytics, and market research services under one roof. Over the past five decades, they have achieved organic growth by adeptly responding to market trends and evolving client needs. Additionally, the company boasts a 15-year track record in the data analytics and marketing technology sector. They demonstrate a proven capability to generate digital content at scale, establishing themselves as leaders in the field of market research.At the upper price band company is valued at price/earnings ratio of 46.5 of its FY23 earnings with a market cap of Rs 1453.4 crore post issue of equity shares and return on net worth of 22.2%. We believe that valuations of the company is fairly priced and recommend a “Subscribe-Long Term” rating to the IPO..Click on the attachment to read the full IPO report:.RK Swamy Sets IPO Price Band At Rs 270–288 Per Share.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RK Swamy IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks And More: Anand Rathi

The Rs. 423.6 crore IPO will open tomorrow and will close on March 06 with a price band in the range of Rs 270-288 apiece.

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RK Swamy IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks And More: Anand Rathi

The Rs. 423.6 crore IPO will open tomorrow and will close on March 06 with a price band in the range of Rs 270-288 apiece.

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