Rajesh Power Services IPO
Rajesh Power Services is a BSE SME IPO listed on the BSE SME platform, priced at ₹319–₹335 per share. The stock debuted at ₹636.5, delivering a listing gain of 90.0%. The IPO had a lot size of ₹400 shares and a minimum investment of ₹1,34,000.
Rajesh Power Services Limited IPO
- IPO Dates
- Nov 25, 2024 – Nov 27, 2024
- Price band
- ₹319-335 per equity share
- Minimum Investment
- ₹1,34,000
- Issue size
- ₹160.47 Cr
- Lot size
- 400
- Allotment Date
- Nov 28, 2024
- Listing
- Dec 2, 2024
- Listing At
- BSE SME
IPO timeline
-
Nov 25, 2024
Open Date
Completed
-
Nov 27, 2024
Close Date
Completed
-
Nov 28, 2024
Allotment Date
Completed
-
Dec 2, 2024
Listing Date
Completed
Rajesh Power Services IPO Essentials
Rajesh Power Services IPO Details
Rajesh Power Services IPO is priced at ₹319-335 per share with a total issue size of 160.47 crore. The IPO has a lot size of 400 shares and is listed on BSE SME.
- Issue price
- ₹319-335 per equity share
- Lot size
- 400 shares
- Face value
- ₹10 Per Equity Share
- Issue 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) - Total issue size
- 47,90,000 shares
(aggregating up to ₹160.47 crore) - Fresh issue
- 27,90,000 shares
(aggregating up to ₹93.47 crore) - Offer for sale (OFS)
- 20,00,000 shares
(aggregating up to ₹67 crore) - Listing at
- BSE SME
- List price
- 636.5
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Isk Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 400 | ₹1,34,000 |
| Retail(max) | 1 | 400 | ₹1,34,000 |
| NII (min) | 2 | 800 | ₹2,68,000 |
Rajesh Power Services IPO Reservation
Rajesh Power Services IPO reservation details show category-wise allocation of shares. Out of the total 47,90,000 shares, approximately 19.07% are reserved for QIB, 14.43% for NII, 33.5% for retail investors, 5.09% for market maker, and 27.9% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 13,36,400 (27.9%) | |
| Market Maker Shares Offered | 2,44,000 (5.09%) | |
| QIB Shares Offered | 9,13,600 (19.07%) | |
| NII (HNI) Shares Offered | 6,91,200 (14.43%) | |
| Retail Shares Offered | 16,04,800 (33.5%) | |
| Total Shares Offered | 47,90,000 (100%) |
Rajesh Power Services IPO Analytics
Rajesh Power Services IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Rajesh Power Services IPO Subscription Status
Rajesh Power Services IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹17.1/-
- EPS Post IPO
- ₹30.75/-
- P/E Pre IPO
- 19.59
- P/E Post IPO
- 10.90
Returns
- ROE
- 24.89%
- ROCE
- 25.61%
- RoNW
- 25.47%
- PAT Margin
- 8.11
Fundamentals
- Debt / Equity
- 0.92
- Price / Book
- 4.55
Rajesh Power Services Financials( In Lakhs)
| 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 |
Rajesh Power Services Company & Offer Insights
About Rajesh Power Services
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)
Mr. Rajendra Baldevbhai Patel, Mr. Kurang Ramchandra Panchal, Mr. Kaxil Prafulbhai Patel, Mr. Utsav Nehal Panchal are the company's promoters of Rajesh Power Services.
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.
Rajesh Power Services IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Rajesh Power Services Limited | 17.1 | N/A | 55.4 | N/A | 30.87 | 6.05 | Standalone |
| Advait Infratech Ltd | 21.45 | N/A | 73 | N/A | 28.65 | 26.06 | Standalone |
| Kay Cee Energy & Infra Limited | 7.61 | N/A | 40.72 | N/A | 14.67 | 7.94 | Standalone |
| Viviana Power Tech Limited | 10.96 | N/A | 41.02 | N/A | 26.73 | 19.8 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on December 13, 2024, divided by the Diluted EPS.
- Return on Net Worth (%) = Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
- NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
- Net worth means the aggregate value of the paid-up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation as at year/ period end, as per Restated Financial Statement of Assets and Liabilities of the Company.
Contact Information
Contact Details
Rajesh Power Services
+91 6358736465
380/3, Siddhi House, Opp. Lal Bunglows, B/H Sasuji Dinning Hall, Off C.G. Road, Navrangpura Ahmedabad - 380006
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Rajesh Power Services IPO is a book-built IPO worth ₹160.47 crore. The price band is ₹319–₹335 per share. The IPO opens on Nov 25, 2024 and closes on Nov 27, 2024. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Rajesh Power Services IPO is ₹319 to ₹335 per share.
The lot size of Rajesh Power Services IPO is 400 shares.
The minimum investment for Rajesh Power Services IPO is approximately ₹1,34,000 based on the upper price band .
Rajesh Power Services IPO opens on Nov 25, 2024 and closes on Nov 27, 2024.
The allotment date of Rajesh Power Services IPO is Nov 28, 2024.
Rajesh Power Services IPO is expected to be listed on Dec 2, 2024, on BSE SME Platform.
Rajesh Power Services IPO valuation snapshot: P/E 10.90, EPS ₹30.75/-, P/B 4.55, RoNW 25.47%, and market cap N/A.
To apply for Rajesh Power Services IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Rajesh Power Services IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Rajesh Power Services IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Rajesh Power Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rajesh Power Services IPO allotment status on IPO Ji for quick and easy access.