Issue size of Rs 10 crore with 8,00,000 equity shares
New Delhi (India), February 7: Richa Info Systems Limited has announced a public issue of 8,00,000 equity shares of face value of Rs 10 each for cash at a price of Rs 125 per equity share, including a share premium of Rs 115 per equity share. The IPO opens on 9th February 2022 and closes on the 11th February 2022 and will subsequently be listed on NSE Emerge platform. The lead manager for the issue is Swastika Investmart Ltd and the issue advisor is Beeline Merchant Banking Private Ltd.
The object of the issue is to meet incremental working capital requirements and for general corporate purposes.
The company started its business from the office automation products and at present 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, Defence. The company provides a wide choice of “Innovative Solutions”, providing service to Government organizations across India through Government e Marketplace (GeM).
Techno is a brand name of Richa Infosystems Limited working under the government’s initiative to support “Vocal for Local” with a commitment to provide a competitive advantage by making current operations efficient & cost-effective for Government PSU, Educational Institutes & all Organizations across the country. The company has added e-learning school content in its product portfolio from FY2021-22 and has developed content for classes from Standard 1 to Standard 12 (for science stream) for CBSE Board. The aim is to make video interactions, education systems, and surveillance more engaging and easily accessible to the mass.
Richa Info Systems is a well-diversified enterprise and has the advantage of vast experience and in-depth understanding of the industry. The company today has an excellent team that are professionally managed with positive growth plans.
The total revenue of the company was Rs 1,396.87 lakhs and the profit stood at Rs 48.57 lakhs as of November 2021.
The company is based in Gandhinagar and Mr. Tushar Dineshchandra Shah and Mrs. Hemaben Tushar Shah are the promoters of the company.
12 thoughts on “Richa Info Systems set to open its IPO on 9th February 2022”
855281 325598I adore foregathering beneficial info, this post has got me even a lot more info! . 704045
267121 58783Nicely picked details, many thanks towards the author. It is incomprehensive in my experience at present, however in common, the convenience and importance is mind-boggling. Regards and all of the best .. 339477
829457 218183What is your most noted accomplishment. They may possibly want very good listeners rather than excellent talkers. 967762
685019 45984Woh I like your articles , saved to fav! . 947145
846308 817351You made some decent factors there. I looked on the internet for the difficulty and identified most individuals will go along with with your web site. 292951
288243 543381What is your most noted accomplishment. They could want good listeners rather than great talkers. 507341
482121 258788This web site is my inhalation, actually great layout and Perfect written content material. 623456
803996 143208A actually fascinating read, I could nicely not agree completely, but you do make some quite legitimate factors. 930281
516581 826825Aw, it was an very good post. In thought I would like to set up writing related to this additionally – taking time and actual effort to create a quite excellent article but exactly what do I say I procrastinate alot and also no indicates manage to go done. 86565
77113 924501Hey there! Wonderful post! Please when I will see a follow up! 92610
768092 706495I like this website quite much so much exceptional information. 185302
277604 469380Wow i like yur web site. It truly helped me with the information i wus searching for. Appcriciate it, will bookmark. 570173