Riddhi Corporate Services Ltd is coming up with their initial public offering in BSE. To be specific it is a BSE SME IPO. We will check the Riddhi Corporate Services Ltd IPO review in this write up.
About the company – Riddhi corporate services ltd is also otherwise named as RCSPL (Riddhi corporate services pvt. ltd.). Incorporated in 2009, the company started its service through business process outsourcing (BPO). It’s customers are spread across sectors like telecom, bank, governmental institutions and agencies, nbfcs (non-banking financial institutions), service providers such as e-wallet service providers, companies providing services to insurance companies, telecom service provider companies and many more.
The company started its business by providing services to different telecom service providers. They render services for database management; handling and collection of CAF (Customer Application Form), audit, order entry, barcoding etc. of CAF; storage of data and necessary data retrieval service as and when necessary; data entry,temporary indexing, scanning and uploading of data and many similar data related services.
In addition to above, they also render services for dues collection, bill retention, delivery, management and other bill related services. Over and above they also focus their activity for recovery of dues from subscriber by way of telecalling and also physical field visit as and when required. They specialize in escalation management, while collecting overdue amount, they address issues with the customers and help to retain the customers.
About the issue (tentative details):
Issue opens on – 12 June, 2017
Issue closes on – 15 June, 2017
Size of the issue – 950000 no. of equity shares
Post issue modification – 16 June, 2017 between 10.00 pm t0 01.00 pm
Face value – Rs. 10 each
Issue price – Rs 130 at a premium of Rs 120 each
Lot size – A minimum quantity of 1000 equity shares
Lead managers – Gretex Corporate Services Pvt Ltd.
Registrar to the issue – Purva Sharegistry (India) Private Limited, 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg Lower Parel (East)
The Riddhi Corporate Services Ltd IPO review finds a huge gap between turnover and profits and investors must use our last day IPO picking technique before applying.