Incorporated in 2010, Richa Info Systems is engaged in the business of assembling innovative products and systems. The company acts as an integrator of multifaceted solutions of leading quality products like Interactive Flat Panel, Interactive Board, Digital Podium, Digital Kiosk, and CCTV Cameras. The total ratio of the company's outsourcing and in-house assembling is 20:80.
The company imports raw material from China, after which it assembles the semi-finished products and installs the requisite software as per the client's requirement. The company operates manually in assembling of products and service industry and don't have any plant & machinery of its own.
Competitive Strengths:
- ISO 9001:2015 certified company and holds a certificate under the quality system of BIC Limited (UK).
- The experienced Promoters management team.
- The strong brand image of the company's "Techno" brand among customers.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To Meet Incremental Working Capital Requirements | ₹7 |
| 2 General Corporate Purpose | ₹2 |
| Metric | 30-Nov-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Total Assets | 17 | 9 | 4 |
| Revenue | 14 | 20 | 18 |
| PAT | 0 | 1 | 0 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 380,000 (48%) | — |
| Retail (RII) | — | 380,000 (48%) | — |
| Market Maker | — | 40,000 (5%) | — |
| Total | — | 800,000 (100%) | — |
* Amount calculated at upper price band (₹125) · ** Total includes all investor categories
- 1 Initiation of Refund 17 Feb 2022
- 2 Credit of Shares to Demat 17 Feb 2022
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
- The IPO P/E of 42x reflects a weak valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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