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Rithwik Facility Management Services Ltd IPO

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Issue Open Dec 29, 2017
Issue Close Jan 03, 2018
Price Band ₹ 50
Face Value Rs 10 Per Equity Share
Issue Size ₹ 4.05 Cr
Listing Exchange BSE SME
Issue Type Fixed Price Issue IPO
Cut off time for UPI Mandate Confirmation -
Allotment Details -
Refunds -
Credit of Shares to Demat -
Listing On Nov 30, -0001
About the company:

Rithwik Facility Management Services Limited is Chennai based company 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

Date of establishment: Rithwik Facility Management Services Limited was incorporated in 2010

Product & Service Offering: Its products / services include:

 

1. Property Management / Facilities Management
2. Real Estate and other Asset Management and Maintenance
3. Billing and Collection Services

Promoters of Rithwik Facility Management Services ltd: Rithwik Rajshekar Raman and Niranjan Vyakarna Rao are the promoters of Rithwik Facility Management Services Limited.

Customer segment: It provides services to corporate customers and developers in Chennai and Coimbatore

 

Objects of the Issue: The objects of the Offer is to:-
-     To Finance additional Working capital requirements

Company Financials:

Rithwik Facility Management's consolidated financial performance (in INR lakh)

 

FY2013

FY2014

FY2015

FY2016

FY2017

Q1 FY2018

Total Assets

794.78

749.16

899.80

1055.21

780.03

1101.51

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

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