Rajesh Power Services Limited IPO
BSE SMEListed On: Dec 2, 2024 at ₹ 636.5
₹ 134000 /400 Shares
Check Allotment25 Nov, 2024
Open Date27 Nov, 2024
Close Date28 Nov, 2024
Allotment Date02 Dec, 2024
Listing DateIssue Price
₹319-335 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdList Price
636.5Listing Date
2024-12-02Market Lot
400 Shares (₹134,000/-)Lead Manager
Isk Advisors Pvt LtdIssue Size
Total ₹160.47 Cr :#Fresh Issue : 2,790,000 shares(aggregating up to ₹93.47 Cr) +
#OFS : 2,000,000 shares of ₹10(aggregating up to ₹67 Cr)
Retail Portion
35%Subscription
59.00 timesRajesh Power Services IPO Details
Rajesh Power Services Limited IPO is an SME IPO, priced at ₹319-335 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 47,90,000 equity shares, aggregating up to ₹160.47 crores..
The IPO bidding window is open from Nov 25, 2024 to Nov 27, 2024. The allotment is expected to be finalized on Nov 28, 2024, and the tentative listing date is Dec 2, 2024.
The minimum lot size for retail investors is 400 shares, with a minimum investment of ₹1,34,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,000.
Isk Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Sunflower Broking Private Limited will act as the market maker for this issue.
Rajesh Power Services IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 913,600 / 691,200 | 1,604,800 | 3,209,600 |
| Day 1 - 25-11-24 06:00 PM | 0.00 / 1.74 x | 2.79 x | 1.77 x |
| Day 2 - 26-11-24 06:00 PM | 1.63 / 5.49 x | 7.01 x | 5.15 x |
| Day 3 - 27-11-24 06:00 PM | 46.39 / 138.46 x | 31.96 x | 59.00 x |
Rajesh Power Services Valuations
EPS Pre IPO
₹17.1/-EPS Post IPO
₹30.75/-P/E Pre IPO
19.59P/E Post IPO
10.90ROE
24.89%ROCE
25.61%Debt/Equity
0.92RoNW
25.47%PAT Margin
8.11Price to Book Value
4.55Rajesh Power Services Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 24,039.00 | 19,823.38 | 17,562.82 |
| Revenue | 29,506.07 | 21,117.57 | 14,936.84 |
| Profit After Tax | 2,602.29 | 675.15 | 344.60 |
| Net Worth | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves & Surplus | 6,908.31 | 4,344.06 | 3,706.95 |
| Total Borrowing | 7,767.08 | 5,971.20 | 6,243.33 |
About The Company
Established in 1971, Rajesh Power Services Limited, RPSL, is one of the premier EPC contractors engaged in offering consultancy and turnkey solutions to state transmission and distribution companies, private utilities, and industries.
RPSL has invested in HKRP Innovations Limited, which is developing IoT and cloud-based IT solutions for the energy sector, including tools like Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), and Solar Energy Data Management (SEDM).
The company caters to both the renewable and non-renewable power sectors by providing services including:
Installation and maintenance of EHV underground cables, transmission lines, and substations (AIS/GIS).
Turnkey projects in the revamping of distribution networks, including substations and transformers.
Power supply arrangements for solar power plants.
Operation and maintenance of transmission and distribution networks on all voltage levels.
RPSL has had some of the most prominent clients in its roster, including names such as GIFT City, Gujarat Metro Rail Corporation, Adani Renewables, Reliance Industries, Torrent Power, and Hindustan Coca-Cola among many others.
RPSL has thus continued to promote growth in the power transmission and distribution services area.
Rajesh Power Services - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.40%
- Mr. Rajendra Baldevbhai Patel
- Mr. Kurang Ramchandra Panchal
- Mr. Kaxil Prafulbhai Patel
- Mr. Utsav Nehal Panchal
Rajesh Power Services IPO - Issue Objectives
- Capital Expenditure:Purchase of cable identification, testing and fault location equipments,Setting up of DC Solar Power Plant having a capacity of 1300 KW,Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers
- Additional Working Capital Requirement
- General Corporate Purposes.
Other Details
Rajesh Power Services
380/3, Siddhi House, Opp. Lal Bunglows, B/H Sasuji Dinning Hall, Off C.G. Road, Navrangpura Ahmedabad - 380006Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Rajesh Power Services IPO - FAQs
Ans. Rajesh Power Services Limited IPO is a SME IPO. The issue is priced at ₹319-335 per equity share. The minimum order quantity is 400 Shares. The IPO opens on Nov 25, 2024, and closes on Nov 27, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Rajesh Power Services Limited IPO opens on Nov 25, 2024 and closes on Nov 27, 2024.
Ans. The size of Rajesh Power Services Limited IPO is Total ₹160.47 Cr : #Fresh Issue : 2,790,000 shares(aggregating up to ₹93.47 Cr) + #OFS : 2,000,000 shares of ₹10(aggregating up to ₹67 Cr).
Ans. The IPO price band is set between ₹319-335 per equity share.
Ans. To apply for Rajesh Power Services Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rajesh Power Services Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Rajesh Power Services Limited IPO is Nov 28, 2024.
Ans. The Rajesh Power Services Limited IPO will be listed on Dec 2, 2024.
Ans. Follow the steps to check the allotment status for Rajesh Power Services Limited IPO here.
