The Rithwik Facility IPO date has been confirmed from December 29, 2017 and ended on January 3, 2018.
Using an IPO, Rithwik Facility is seeking to raise Rs 4.05 crores. Its price is ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
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Bidding Dates
Dec 29-Jan 3
Price Range
₹50 per share
Face Value
INR 10 per share
GMP
₹114.36
Rithwik Facility IPO GMP
The Rithwik Facility Limited IPO GMP is ₹114.36.
IPO Overview
Rithwik Facility IPO is a Rs 4.05 crore fixed price offering. Bidding for the Rithwik Facility IPO began on December 29, 2017 and finished on January 3, 2018. On January 11, 2018, the shares were listed on the BSE SME. The IPO price for Rithwik Facility is 50 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $150,000 to participate.
Rithwik Facility Management has over 88 employees. Its products / services include:
- Property Management / Facilities Management
- Real Estate and other Asset Management and Maintenance
- Billing and Collection Services
Rithwik Facility IPO Details
IPO Date | December 29, 2017 to January 3, 2018 |
Listing Date | January 11, 2018 |
Face Value | ₹10 per share |
Price | ₹50 per share |
Lot Size | 3000 Shares |
Total Issue Size | 810,000 shares (aggregating up to ₹4.05 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Rithwik Facility IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹150,000 |
Retail (Max) | 1 | 3000 | ₹150,000 |
Rithwik Facility IPO Listing Details
Listing Date | January 11, 2018 |
BSE Script Code | 540843 |
NSE Symbol | |
ISIN | INE819Y01015 |
Final Issue Price | ₹50 per share |
Company Profile

Rithwik Facility Management Services Limited, founded in 2010, is a Chennai, Tamil Nadu-based firm that specialises in integrated facilities and property management, as well as equipment and asset management. In particular, the services include monitoring the building’s security, common area housekeeping, water supply system management, operation of all building equipment and AMC of amenities such as lifts, generators, chillers, AHUs and air conditioners. The company is also in the billing management sector, which includes raising
maintenance and energy invoices and coordinating collections. This division accounts for the majority of the company’s revenue. This is a significant amount of business for the corporation.
Registrar Info
Name | Bigshare Services Pvt Ltd |
Phone number | +91-22-6263 8200 |
Email ID | ipo@bigshareonline.com |
Website | ipo.bigshareonline.com |
Contact Details
Name | Rithwik Facility Management Services Ltd |
Phone number | +91 44 4353 4441 |
Email ID | info@rithwik.co.in |
Website | rithwik.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.