Business 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 | Q1Â 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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â 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)
