Rithwik Facility Management IPO

Rithwik Facility Management IPOBusiness description – Rithwik Facility Management is 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. The company is offering its services to various clients which includes corporate and developers. The company is headquartered in Mumbai and provides services in Chennai and Coimbatore.

In the last 9 years, it has grown from a handful of 5 employees to a team of 88 dedicated staff managing facilities in Chennai and Coimbatore. It has a long-term vision of controlled growth which enables us to maintain the interest of existing clients’ interest intact. With a proven track record and the demand from existing and new clients, it is in a phase of natural progression and expansion phase into Madurai and Bengaluru.

Promoters of Rithwik Facility Management Services – Rithwik Rajshekar Raman and Niranjan Vyakarna Rao

Rithwik Facility Management IPO details
Subscription Dates 29 December 2017 – 3 January 2018
IPO Price band INR50 per share
Fresh issue 810,000 shares (INR4.05 crore)
Offer for sale Nil
Total IPO size 810,000 shares (INR4.05 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Use of funds

  • Working capital requirements – INR3.7 crore
  • Issue Expenses – INR0.35 crore
Rithwik Facility Management’s consolidated financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
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

Rithwik Facility Management Services Limited
R.R. Tower III
Thiru-VI-KA Industrial Estate, Guindy
Chennai – 600 032

Phone: +91 44 4353 4441
Email: [email protected]
Website: www.rithwik.co.in

Day Subscription (no. of times)
Day 1 0.34
Day 2 1.80
Day 3 3.57
Day 4 42.37

Earnings Per Share (EPS): INR4.74

Price/Earnings (P/E) ratio: 10.54

Return on Net Worth (RONW): 30.27%

Net Asset Value (NAV): INR15.67 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]
Website: www.bigshareonline.com

Rithwik Facility Management IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 29 December 2017

IPO Closing Date: 3 January 2018

Listing Date: 11 January 2018

Listing Price on BSE SME: INR60 per share (up 20% from IPO price)

Closing Price on BSE SME: INR45.1 per share (down 9.8% from IPO price)


Please enter your comment!
Please enter your name here