The list of Upcoming Initial Public Offerings(IPOs) for the week is given below-
Richa Info Systems Limited-
Richa Info Systems started its business in the office automation products and now assembles innovative products and systems, integration of multifaceted solutions of products like interactive flat panel, interactive board, digital podium, digital kiosk and CCTV cameras for its customers in the government, PSUs, education and defense sectors. It provides services to government organizations through Government e-Marketplace (GeM).
The company imports its raw material from China and assembles the semi-finished products and installs the software according to the requirement of its customers. It has an in-house knowledge center and provides education technology solutions like an interactive board, projector, interactive projector, HD visualizer, digital podium, interactive pad, digital signage, and display solutions with products like professional large format display, LED video walls, information kiosk, board room solutions, security and surveillance solutions, and I.T. technology solutions. The company provides annual maintenance services to the clients to whom it supplies its products. It has a professionally trained team to provide the services.
The promoters of the company are Mr. Tushar Dineshchandra Shah and Mrs. Hemaben Tushar Shah. The objects of the IPO are to meet the incremental working capital requirements, general corporate purpose and the listing would provide visibility to the brand name of the company.
The total revenue of the company was Rs. 14.94 crores with a net profit of Rs 19.65 lakh(Year ended 31 March 2019), the revenue of Rs.17.55 crore with a net profit of Rs. 33.41lakh(Year ended 31 March 2020) and revenue of Rs. 20.11 crore with a net profit of Rs. 72.25 lakh(Year ended 31 March 2021).
Vaidya Sane Ayurved Laboratories Limited-
Vaidya Sane Ayurved Laboratories treats chronic ailments like cardiac disease, hypertension, and obesity using technology with the traditional healing of Ayurveda. It uses non-invasive, multidisciplinary, and innovative therapies that provide a dependable treatment for chronic ailments. The company provides healthcare services through the Madhavbaug clinics. It operates 274 clinics across Maharashtra, Madhya Pradesh, Uttar Pradesh, Goa, and Karnataka. The company owns 52 clinics and 222 are its franchise clinics. It also operates two cardiac prevention and rehabilitation hospitals in Khopoli and Nagpur respectively.
Vaidya Sane Ayurved Laboratories uses a clinic-based health care delivery model along with telemedicine to increase accessibility to patients. It conducts a number of workshops, supports events to raise awareness about the disease and its related complications. The company launched its research-based specific diet kits in 2016 for helping its healthcare programs.
The promoter of the company is Dr. Rohit Madhav Sane and the objectives of the issue are to meet the funding, branding, and advertising expenses.
The total revenue of the company was Rs. 62.49 crores with a net profit of Rs 49.59 lakh(Year ended 31 March 2019), the revenue of Rs.75.23 crore with a net loss of Rs. 55.72lakh(Year ended 31 March 2020) and revenue of Rs. 52.27 crore with a net profit of Rs. 1.54 crore(Year ended 31 March 2021).