Marketing services provider RK Swamy listed its shares at a discount on NSE and BSE. The IPO included a fresh equity issue and an offer for sale. Despite volatility, the company received decent subscription demand. FY23 revenue reached Rs 293 crore with a net profit of Rs 31 crore.
RK Swamy IPO listing today: RK Swamy shares shares will be listed on BSE and NSE in a special pre-open session on March 12. Check all the details below
Analysts said the muted pre-listing GMP and negative listing indicate a cautious investor approach, possibly due to volatile market conditions or concerns about competition and working capital requirements.
Srinivasan K Swamy on how the IPO will fortify RK Swamy s operations adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.