Srinivasan K. Swamy, Chairman And Managing Director, RK Swamy Ltd., Narasimhan Krishnaswamy, Group CEO and Whole Time Director; Rajeev Newar, Group CFO; and Girish Joshi, Chief, Listing and Trading Development, BSE, during the listing ceremony of RK Swamy Ltd. at the BSE.
| Photo Credit: Special arrangement
RK Swamy Ltd. debuted at ₹252 on the BSE on Tuesday, before closing at an 8.59% discount to its issue price of ₹288.
At this price, the integrated marketing services company’s full market cap is estimated at ₹1,328.81 crore. On the NSE, the stock closed at ₹262.60.
The company, which hit the capital market last week, issued shares at ₹288 apiece with a face value of ₹5 each. The ₹423-crore IPO was subscribed about 26 times, according to BSE. The IPO comprised a fresh issue of equity shares aggregating to ₹173 crore and the rest as offer for sale.
