R K Swamy IPO
R K Swamy Limited (RKSWAMY) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 12 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +12.3% (likely range +2% to +19%), day's high +13.3%, chance of a gain 80%. Actual: -13.2% at the open, -1.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 43,33,959 | 8,92,03,500 | 20.6x | |
| NII (HNI) total | 21,66,979 | 7,44,49,950 | 34.4x | |
| Big NII (above ₹10 lakh) | 14,44,652 | 5,16,16,050 | 35.7x | |
| Small NII (₹2-10 lakh) | 7,22,327 | 2,28,33,900 | 31.6x | |
| Retail | 14,44,652 | 4,91,55,300 | 34.0x | |
| Employees | 2,87,356 | 7,22,900 | 2.52x | |
| Total | 82,32,946 | 21,35,31,650 | 25.9x |
Bids on NSE and BSE together, as published by NSE, as of 06 Mar 2024, 07:00 PM. Shares offered exclude the anchor portion. 20% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to R K Swamy's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Windlas BiotechAug 2021 | 24.4x | 15.7x | 24.3x | 22.5x | ₹401 Cr | -5.0% | -1.7% |
| Stove KraftJan 2021 | 8.02x | 32.7x | 26.0x | 18.0x | ₹413 Cr | +29.4% | +29.4% |
| Jyoti CNC AutomationJan 2024 | 44.1x | 36.5x | 26.2x | 38.5x | ₹1,051 Cr | +11.8% | +34.1% |
| Dharmaj Crop GuardNov 2022 | 48.2x | 52.3x | 21.5x | 35.5x | ₹270 Cr | +12.3% | +17.7% |
| Valiant LaboratoriesOct 2023 | 20.8x | 73.6x | 16.1x | 29.8x | ₹152 Cr | +15.8% | +21.6% |
| Pyramid TechnoplastAug 2023 | 9.94x | 32.2x | 14.7x | 18.3x | ₹153 Cr | +12.7% | +13.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| IIFL Securities | 94 | +19.3% | 71% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the R K Swamy IPO price band and lot size? ₹270–288 per share, with a lot of 50 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 25.9x overall: QIB 20.6x, NII 34.4x, retail 34.0x, employees 2.52x.
How did it list? It opened at ₹250, -13.2% against the issue price of ₹288, and closed its first day -8.8%.
