RK Swamy IPO Subscription Soars on Day 1, Retail Investors Lead the Way

The RK Swamy IPO recorded a remarkable start on its first day of subscription, with the retail segment quickly reaching full subscription within the initial hours of opening. As per available data, the overall subscription status stood at 2.19 times.

Amidst the enthusiastic response, the RK Swamy IPO retail investors’ portion was oversubscribed by 7.87 times. The Non-Institutional Investors (NII) portion also witnessed strong demand, with an oversubscription of 2.97 times, while the Qualified Institutional Buyers (QIB) portion stood at 1%.

Speaking to CNBC-TV18, Group CEO and Whole Time Director Narasimhan Krishnaswamy highlighted the growth trajectory of the company, emphasizing the need to accelerate and reset after being bootstrapped for 50 years.

According to Krishnaswamy, the company’s revenue pattern typically sees a 40% contribution in H1 and 60% in H2, with a gross margin of around 68%. The implementation of regional expansion strategies, newer business endeavors, and enhanced digital efforts are expected to drive future growth.

The RK Swamy IPO, open for subscription from March 4 to March 6, has set a price band of ₹270 to ₹288 per equity share, with a lot size of 50 shares and multiples thereof.