Rithwik Facility IPO , WIKI , DATE, PROSPECTUS, LISTING

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RITHWIK FACILITY IPO

Rithwik Facility IPO  , WIKI , DATE, PROSPECTUS, LISTING, ALLOTMENT 

Rithwik Facility Management Services Ltd  are engaged in the business of integrated facilities & property management and equipment & assets management. They are also engaged in the business of billing management including raising of maintenance and energy invoices and managing collections of their clients. they are offering our services to various clients which includes various corporate and developers. The Company is headquartered in Mumbai and we provide our services in Chennai and Coimbatore. Over the period we have raised the scope of Their offerings by taking care of both facilities and assets enabling Their clients to concentrate on their core business. They always strive to utilise new technologies and process, that allows us to reduce operation costs and improve life cycles of equipment and property. They have a professional management team, which is backed by skilled work force.

Rithwik Facility IPO Dates & Price Band:

  • IPO Open: 29-December 2017
  • IPO Close: 03-January-2018
  • IPO Size: Approx Rs 4.05 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs 50 Per Equity Share
  • Listing on: BSE SME
  • Shares: 810,000
  • Retail Portion: 50%

IPO Market Lot:

  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,50,000

IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
IPO Lead Managers:

  • Inventure Merchant Banker Services Pvt Ltd

Company Address:
Rithwik Facility Management Services Ltd
R.R. Tower III,
Thiru-VI-KA Industrial Estate,
Guindy, Chennai 600 032
Phone: +91 44 4353 4441
Email: info@rithwik.co.in
Website: http://www.rithwik.co.in

 

Business Description :

Overview : We are engaged in the business of integrated facilities & property management and equipment & assets management. We are also engaged in the business of billing management including raising of maintenance and energy invoices and managing collections of our clients. We are offering our services to various clients which includes various corporate and developers. Our Company is headquartered in Mumbai and we provide our services in Chennai and Coimbatore.Over the period we have raised the scope of our offerings by taking care of both facilities and assets enabling our clients to concentrate on their core business. We always strive to utilise new technologies and process, that allows us to reduce operation costs and improve life cycles of equipment and property.We have a professional management team, which is backed by skilled work force. We continuously strive to understand our customer‘s needs and their desire to grow. This allows us to react fast, and also helps us in delivering quality and effective services to customers and also in maintaining the level of satisfaction of our clients.In the last 9 years of our presence we have grown from a handful of 5 employees to a team of 88 dedicated staff managing facilities in Chennai and Coimbatore. We have a long-term vision of controlled growth which enables us to maintain the interest of existing clients interest intact.With a proven track record and the demand from existing and new clients, we are in a phase of natural progression and expansion phase into Madurai and Bengaluru. We are also engaged in the business of billing management including managing collections of our clients including their building maintenance and energy bills. We manage the billing and collections on our own account for these clients. We get majority of our revenue from this segment. This is a bulk business for us, wherein our dedicated and skilled personnel professionally take care of entire billing and collection process. Currently majority of our revenues is from deployment of personnel for billing and collections services.Our Competitive Strengths 1. Our experience and track record 2. Technology 3. Social Impact Our Business Strategy Enhancing our existing customer base Expanding our geographical presence Continue to develop Client and Vendor relationships and focus on providing Quality Services.

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