Srinivasan Ok. 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, throughout the itemizing ceremony of RK Swamy Ltd. on the BSE.
| Photo Credit: Special association
RK Swamy Ltd. debuted at ₹252 on the BSE on Tuesday, earlier than closing at an 8.59% low cost to its issue price of ₹288.
At this price, the built-in advertising companies firm’s full market cap is estimated at ₹1,328.81 crore. On the NSE, the inventory closed at ₹262.60.
The firm, which hit the capital market final week, issued shares at ₹288 apiece with a face worth of ₹5 every. The ₹423-crore IPO was subscribed about 26 instances, in keeping with BSE. The IPO comprised a recent issue of fairness shares aggregating to ₹173 crore and the remaining as supply on the market.
