Rithwik Facility Management Services Ltd IPO

Rithwik Facility Management Services Ltd IPO

Issue Open

Dec 29, 2017

Price Band

₹ 50

Issue Size

₹ 4.05 Cr

Credit of Shares to Demat

-

Issue Close

Jan 03, 2018

Bid Lot

3000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Nov 30, -0001

Refunds

-

About the company:

Rithwik Facility Management Services Limited is Chennai based company engaged in the business of integrated facilities & property management and equipment & assets management. It is also engaged in the business of billing management including raising of maintenance and energy invoices and managing collections of its clients

Date of establishment: Rithwik Facility Management Services Limited was incorporated in 2010

Product & Service Offering: Its products / services include:

 

1. Property Management / Facilities Management
2. Real Estate and other Asset Management and Maintenance
3. Billing and Collection Services

Promoters of Rithwik Facility Management Services ltd: Rithwik Rajshekar Raman and Niranjan Vyakarna Rao are the promoters of Rithwik Facility Management Services Limited.

Customer segment: It provides services to corporate customers and developers in Chennai and Coimbatore

 

Objects of the Issue: The objects of the Offer is to:-
-     To Finance additional Working capital requirements

Company Financials:

Rithwik Facility Management's consolidated financial performance (in INR lakh)

 

FY2013

FY2014

FY2015

FY2016

FY2017

Q1 FY2018

Total Assets

794.78

749.16

899.80

1055.21

780.03

1101.51

Total revenue

677.2

1,350.9

2,161.1

2,390.3

2,149.3

551.7

Total expenses

689.0

1,286.1

2,067.2

2,312.3

2,019.8

538.2

Profit after tax

-20.1

39.9

45.2

33.8

64.0

6.1

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