R K Swamy Limited, proposes to open on Monday, March 4, 2024, an Initial Public Offering of up to Equity Shares of Face Value of Rs 5 each for cash at a Price Band from Rs 270 to Rs 288 per Equity Share (including a share premium). Bids can be made for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter. The Anchor Investor Bidding Date shall be Friday, March 1, 2024. The Bid/Offer will open Monday, March 4, 2024 for subscription and close on Wednesday, March 6, 2024.
The Offer comprises a Fresh Issue of Equity Shares aggregating up To Rs 1,730 million and an Offer For Sale of up to 8,700,000 Equity Shares and together with the Fresh Issue, the: comprising Up To 1,788,093 Equity Shares by Srinivasan K Swamy; up to 1,788,093 Equity Shares by Narasimhan Krishnaswamy; up to 4,445,714 Equity Shares by Evanston Pioneer Fund L.P.; and up to 678,100 Equity Shares By Prem Marketing Ventures LLP.
The Net Proceeds from the Fresh Issue are proposed to be used as follows: Funding working capital requirements of the Company Rs. 540.00 million; Funding capital expenditure to be incurred by the Company for setting up a digital video content production studio Rs. 109.85 million; Funding investment in IT infrastructure development of the Company, and Material Subsidiaries, Hansa Research Group Private Limited and Hansa Customer Equity Private Limited Rs. 333.42 million; and funding setting up of new customer experience centres and computer aided telephonic interview centres of the Company Rs. 217.36 million; and general corporate purposes.
