Market News
3 min read | Updated on March 07, 2024, 18:57 IST
SUMMARY
RK Swamy Ltd IPO closed with a bumper response from investors on the final day of bidding on March 6. The public issue was subscribed to over 25 times. Shares of RK Swamy Ltd are expected to be listed on the stock exchanges on March 12.
RK Swamy IPO share allotment finalised, here’s how to check status online
RK Swamy IPO share allotment has been finalised by the company after a strong response to the public issue during the subscription period. The share allotment for the initial public offer of RK Swamy Ltd was finalised on Thursday, March 7.
The investor waiting for the IPO share allotment status can check the allocation details online through the official websites of BSE and the IPO's registrar, Kfin Technologies Ltd.
Your allotment status will be displayed on your screen. In case of final selection, the number of allotted shares will also be displayed.
Credit of shares into the demat account of the successful bidders along with initiation of refunds for the non-allottees will be done on March 11. Shares of RK Swamy Ltd are expected to be listed on the National Stock Exchange and BSE on Tuesday, March 12.
RK Swamy Ltd IPO closed with a bumper response from investors on the final day of bidding on March 6. The public issue was subscribed to over 25 times. The company received bids for 21,35,31,650 shares against 82,32,946 shares on offer.
The qualified institutional buyers’ (QIBs) portion was subscribed over 20.5 times while the non-institutional investors’ segment was subscribed over 34 times. The retail segment saw bidding 34 times to the shares on offer for the category.
RK Swamy Ltd, an integrated marketing company, intends to raise ₹424 crore through the IPO.
RK Swamy Ltd offers services in three segments --integrated marketing communications, customer data analytics and marketing technology, and full-service market research and syndicated studies.
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