Richa Info Systems SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- Listing date
- 21 Feb 2022
- Face value
- ₹10 per share
- Issue price
- ₹125 per share
- Lot size
- 1,000 shares
- Total issue size
- ₹10 Cr
- Market cap at offer price
- ₹30.38 Cr
- Promoter holding
- 99.99% → 67.07% pre-issue → post-issue
- ISIN
- INE0J1P01015
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Swastika Investmart Ltd.
- Registered office
- Shop No.101, Shalin Complex, Sector-11, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 40,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹125
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,25,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,50,000 |
| S-HNI (max) | 8 | 8,000 | ₹10,00,000 |
| B-HNI (min) | 9 | 9,000 | ₹11,25,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.97 | — |
| P/E (×) | 20.94 | — |
| Market cap | — | ₹30.38 Cr |
Key performance indicators
- Return on net worth
- 51.62%
- Debt / equity
- 3.61
- PAT margin
- 3.59%
- NAV per share
- ₹11.57
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Richa Info Systems SME
Richa Info Systems was incorporated as Richa Info Systems Private Limited at Gandhinagar, Gujarat on October 1, 2010 and converted into a public limited company (renamed Richa Info Systems Limited) on September 14, 2021. Having started with office-automation products, the company today engages in assembling innovative products and acting as a systems integrator for interactive flat panels, interactive boards, digital teaching devices, digital podiums, digital kiosks, video-conference systems and CCTV security & surveillance equipment, marketed under its registered 'Techno Technik Know' (TECHNO) trademark. It procures semi-finished goods locally and imports raw material predominantly from China (stated as 100% of imports), assembles them at its leased GIDC Electronic Estate godown in Gandhinagar (approximately 80% in-house and 20% outsourced to meet peak demand), installs customer-specified software, and sells through dealers/distributors in Maharashtra, Delhi, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Bihar and Haryana, besides serving government organizations across India via the Government e-Marketplace (GeM). From FY 2021-22 it added CBSE e-learning school content (Classes 1-12, science stream) developed entirely by an outside agency, earning Rs. 10.36 Lakhs up to November 30, 2021, and it continues to earn annual-maintenance-contract income on products already supplied. Revenue from operations grew from Rs. 1,494.51 Lakhs (FY19) to Rs. 2,011.22 Lakhs (FY21), with Rs. 1,395.49 Lakhs in the eight-month stub period ended November 30, 2021 (PAT Rs. 19.65 / 72.25 / 48.57 Lakhs respectively); the company had 24 permanent employees as of October 31, 2021 and is ISO 9001:2015 certified.
Company Analysis
from RHPRicha Info Systems Limited is a Gandhinagar (Gujarat)-based assembler and systems integrator of interactive flat panels, interactive boards, digital podiums, digital kiosks, video-conference systems and CCTV security-surveillance equipment — alongside office-automation and CBSE e-learning school content — sold under its 'Techno' brand to government, PSU, education and defence customers, spanning the IT/electronics hardware, audio-visual, security-and-surveillance and education-technology industries.
Richa Info Systems was incorporated as Richa Info Systems Private Limited at Gandhinagar, Gujarat on October 1, 2010 and converted into a public limited company (renamed Richa Info Systems Limited) on September 14, 2021. Having started with office-automation products, the company today engages in assembling innovative products and acting as a systems integrator for interactive flat panels, interactive boards, digital teaching devices, digital podiums, digital kiosks, video-conference systems and CCTV security & surveillance equipment, marketed under its registered 'Techno Technik Know' (TECHNO) trademark. It procures semi-finished goods locally and imports raw material predominantly from China (stated as 100% of imports), assembles them at its leased GIDC Electronic Estate godown in Gandhinagar (approximately 80% in-house and 20% outsourced to meet peak demand), installs customer-specified software, and sells through dealers/distributors in Maharashtra, Delhi, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Bihar and Haryana, besides serving government organizations across India via the Government e-Marketplace (GeM). From FY 2021-22 it added CBSE e-learning school content (Classes 1-12, science stream) developed entirely by an outside agency, earning Rs. 10.36 Lakhs up to November 30, 2021, and it continues to earn annual-maintenance-contract income on products already supplied. Revenue from operations grew from Rs. 1,494.51 Lakhs (FY19) to Rs. 2,011.22 Lakhs (FY21), with Rs. 1,395.49 Lakhs in the eight-month stub period ended November 30, 2021 (PAT Rs. 19.65 / 72.25 / 48.57 Lakhs respectively); the company had 24 permanent employees as of October 31, 2021 and is ISO 9001:2015 certified.
Objects of the Issue
- To Meet Incremental Working Capital Requirements Rs. 720.00 Lakhs p.62
- General Corporate Purpose Rs. 240.00 Lakhs p.64
- To meet Public Issue Expenses Rs. 40.00 Lakhs p.64
Issue Structure
- Total Issue
- Public Issue of 800000 Equity Shares of face value of Rs. 10 each at a price of Rs. 125 per Equity Share (including share premium of Rs. 115 per Equity Share) aggregating to Rs. 1000.00 Lakhs, of which 40000 Equity Shares aggregating to Rs. 50.00 Lakhs are reserved for the Market Maker (Net Issue to public: 7,60,000 Equity Shares aggregating to Rs. 950.00 Lakhs)
- Fresh Issue
- Entire issue constitutes a fresh issue of 800000 Equity Shares aggregating to Rs. 1000.00 Lakhs
- Offer for Sale
- Not Applicable — the entire issue constitutes fresh issue of equity shares
- Price Band
- Fixed Price Issue; Issue Price Rs. 125 per Equity Share (no price band; fixed price determined by the Company in consultation with the Lead Manager)
- Face Value
- Rs. 10 per Equity Share
Business Model
The company procures semi-finished goods/raw material locally and imports (all imports from China), assembles finished products in-house at its Gujarat godown (~80%, with ~20% outsourced to third parties during high demand), installs software as per client requirements, and markets the finished products under its own 'TECHNO' brand through dealer/seller-distributor and sales-distribution channels, including government sales via GeM. Revenue therefore comes primarily from sale of assembled goods (Rs. 1,377.93 Lakhs of the Rs. 1,395.49 Lakhs revenue from operations in the stub period ended Nov 30, 2021), supplemented by Annual Maintenance Contract services on products already supplied after the warranty period (Rs. 17.56 Lakhs in the same period) and, from FY 2021-22, outsourced CBSE e-learning school content (Rs. 10.36 Lakhs up to Nov 30, 2021).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Tushar Dineshchandra Shah | Promoter; Chairman Cum Managing Director | 40.00% | 26.83% |
| Mrs. Hemaben Tushar Shah | Promoter; Whole-Time Director | 40.00% | 26.83% |
| Mr. Dineshchandra Fulchand Shah | Promoter Group; Executive Director | 19.99% | 13.41% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.