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The IPO for R K Swamy ends today; should you subscribe? Verify Subscription Status Now, GMP

<p><strong>R. K. Swamy IPO:</strong> Investors have shown a respectable level of interest in the integrated marketing services company’s initial public offering, which is scheduled to conclude on March 6. On Wednesday, March 6, the last day of bidding, till 11:51 am, the Rs 423.56-crore initial public offering (IPO) garnered 8.55 times the subscription amount, with offers for 7,03,84,300 shares as opposed to the 82,32,946 shares that were on sale.</p>
<p><img decoding=”async” class=”alignnone wp-image-479160″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-the-ipo-for-r-k-swamy-ends-today-should-you-subscribe-verify-subscription-status-n.jpg” alt=”theindiaprint.com the ipo for r k swamy ends today should you subscribe verify subscription status n” width=”960″ height=”720″ title=”The IPO for R K Swamy ends today; should you subscribe? Verify Subscription Status Now, GMP 9″></p>
<p>The retail individual investor (RII) category had 23.83 subscriptions, and the non-institutional investor component saw 15.53 subscriptions. Qualified Institutional Buyers (QIBs) received 41% of the subscriptions for their quota.</p>
<p><strong>Today’s R K Swamy IPO GMP</strong></p>
<p>Market watchers claim that unlisted shares of R K Swamy Ltd. are selling on the grey market for Rs 40 more than the company’s issue price. The gray market anticipates a 13.89% listing gain from the public offering, as shown by the Rs 40 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.</p>
<p>The willingness of investors to pay above the issue price is shown by the “grey market premium.”</p>
<p><strong>IPO for R. K. Swamy: Is It Worth Subscribing?</strong></p>
<p>“At the upper price band, the company is valued at a P/E (price-earnings) ratio of 46.5 of its FY23 earnings with a market cap of ₹1,453 crore post issue of equity shares and a return on net worth of 22.2%,” brokerage firm Anand Rathi stated in its note, rating the IPO as “subscribe for the long term.”</p>
<p>“We believe that the company’s valuation is fairly priced,” the statement said, “and recommend a ‘Subscribe-Long Term’ rating to the IPO.”</p>
<p>Additionally, it said that the company is a well-known integrated marketing services firm in India, offering a full range of services under one roof, including media, creative, data analytics, and market research. They have grown organically over the last 50 years by deftly adapting to changing customer demands and market trends.</p>
<p>In its message, Reliance Securities also suggested that readers “subscribe for the long term.” The primary benefits, according to the statement, are RK Swamy’s long-standing client ties with government organizations and agencies to spread knowledge of its policies and support several new projects, health and education programs, and state-specific marketing services.</p>
<p>Since private firms spend around 3% of their sales on product endorsement, the company’s good management lets it access local and international clients in a variety of industry categories, which will fuel sustainable growth in the years to come.</p>
<p>“We think that higher profit margins, more recent urbanization, and creative digital media campaigns that enhance the general consumer experience contribute to the development of businesses that capitalize on client success. Therefore, we advise you to “Subscribe” to the issue going forward.</p>
<p><strong>Details of R K Swamy’s IPO</strong></p>
<p>Up to Rs 173 crore in new issues and up to 87,000,000 equity shares for sale are part of the first public offering (IPO). The pricing range for shares in the IPO is Rs 270–288.</p>
<p>On Friday, RK Swamy Ltd. said that anchor investors had contributed Rs 187 crore to the company.</p>
<p>The proceeds from the new issuance would be used for general company objectives, including the establishment of a digital video content creation studio, new customer experience centers, and computer-aided telephone interview centers.</p>
<p>Additionally, money would be used to support RK Swamy Ltd.’s and its subsidiaries Hansa Research and Hansa Customer Equity’s investments in the growth of their IT infrastructure.</p>
<p>The biggest majority-owned integrated marketing services company in India is RK Swamy Ltd., which provides media, creative, data analytics, and market research services via a single point of contact.</p>
<p>The offer’s managers are Motilal Oswal Investment Advisors, IIFL Securities, and SBI Capital Markets.</p>

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