Rulka Electricals Limited IPO

Rulka Electricals Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹223–₹235 per share. The stock debuted at ₹525, delivering a listing gain of 123.4%. The IPO had a lot size of ₹600 shares and a minimum investment of ₹1,41,000.

Rulka Electricals Limited IPO

NSE SME Listed
₹1,41,000 (600 Shares)
Minimum Investment
Check Allotment
IPO Dates
May 16, 2024 – May 21, 2024
Price band
₹223-235 per equity share
Minimum Investment
₹1,41,000
Issue size
₹26.4 Cr
Lot size
600
Allotment Date
May 22, 2024
Listing
May 24, 2024
Listing At
NSE SME

IPO timeline

  1. May 16, 2024

    Open Date

    Completed

  2. May 21, 2024

    Close Date

    Completed

  3. May 22, 2024

    Allotment Date

    Completed

  4. May 24, 2024

    Listing Date

    Completed

Rulka Electricals Limited IPO Essentials

Rulka Electricals Limited IPO Details

Rulka Electricals Limited IPO is priced at ₹223-235 per share with a total issue size of 26.4 crore. The IPO has a lot size of 600 shares and is listed on NSE SME.

Issue price
₹223-235 per equity share
Lot size
600 shares
Face value
₹10 Per Equity Share
Issue size
1,123,200 shares(aggregating up to ₹26.40 Cr)
Total issue size
11,23,200 shares
(aggregating up to ₹26.4 crore)
Fresh issue
8,42,400 shares
(aggregating up to ₹19.8 crore)
Offer for sale (OFS)
2,80,800 shares
(aggregating up to ₹6.6 crore)
Listing at
NSE SME
List price
525.0
Listing date
Registrar
Bigshare Services Pvt Ltd
Lead manager
Beeline Capital Advisors Pvt Ltd

Market Lot Size

Investors can bid for a minimum of 600 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) 1 600 ₹1,41,000
Retail(max) 1 600 ₹1,41,000
NII (min) 2 1,200 ₹2,82,000

Rulka Electricals Limited IPO Documents

Rulka Electricals Limited IPO Reservation

Rulka Electricals Limited IPO reservation details show category-wise allocation of shares. Out of the total 1,123,200 shares, approximately 19.02% are reserved for QIB, 14.26% for NII, 33.28% for retail investors, 5.02% for market maker, and 28.42% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 319,200 (28.42%)
Market Maker Shares Offered 56,400 (5.02%)
QIB Shares Offered 213,600 (19.02%)
NII (HNI) Shares Offered 160,200 (14.26%)
Retail Shares Offered 373,800 (33.28%)
Total Shares Offered 1,123,200 (100%)

Rulka Electricals Limited IPO Analytics

Rulka Electricals Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Rulka Electricals Limited IPO Subscription Status

Rulka Electricals Limited 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 213,600 / 160,200 373,800 747,600
Day 1 16-05-24 06:00 PM
(1.01 / 5.26) x 10.78 x 6.81 x
Day 2 17-05-24 06:00 PM
(4.62 / 27.62) x 52.84 x 33.66 x
Day 3 21-05-24 06:00 PM
(204.22 / 1350.51) x 658.32 x 676.90 x

Rulka Electricals Limited Valuations

Earnings

EPS Pre IPO
₹8.21/-
EPS Post IPO
₹14.49/-
P/E Pre IPO
28.62
P/E Post IPO
16.21

Returns

ROE
61.25%
ROCE
33.67%
RoNW
43.85%
PAT Margin
8.68

Fundamentals

Debt / Equity
2.16
Price / Book
6.22

Data sourced from DRHP / RHP • For educational purposes only

Rulka Electricals Limited Financials( In Lakhs)

29-Feb-24 31-Mar-23 31-Mar-22
Assets 4,082.09 2,826.95 1,919.04
Revenue 6,527.77 4,689.78 3,627.41
Profit After Tax 565.77 280.52 112.08
Net Worth 1,290.15 557.33 276.82
Reserves & Surplus 948.55 546.33 265.82
Total Borrowing 1,104.89 527.07 281.46

Rulka Electricals Limited Company & Offer Insights

About Rulka Electricals Limited

Rulka Electricals Limited was founded in May 2013. It is an electrical and Fire-Fighting solutions company. The company provides a wide range of services, which include electrical solutions, electrical panels, solar EPC contracts, turn-key electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data and voice cabling installation. Its services are availed in industries, commercial sectors, retail sectors, and theatre.

The company's integrated operations include designing, supplying, installation, testing, and commissioning of the project.

The Turnkey Projects involve 100% of the revenues of the company, which encompass material and labor along with engineering, design, and consulting services.

The various services offered by the company can be broken down into categories as follows:
Electrical Services
Fire Fighting Systems
Security Systems
Public Address Systems
Access Control Systems
Audio-Video Systems Services
CCTV Systems Service
IT & Networking Services
Solar Systems

The company is ISO 9001:2015 certified for its quality management systems.

As of February 29th, 2024, the company has 92 employees on its payroll.

Rulka Electricals Limited Promoter(s)

Mr. Rupesh Laxman Kasavkar, Mr Nitin Indrakumar Aher are the company's promoters of Rulka Electricals Limited.

Rulka Electricals Limited IPO Issue Objectives

To Meet Working Capital Requirement
General Corporate Purpose
To Meet the Offer Expenses

Rulka Electricals Limited IPO - Peers Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Rulka Electricals Limited 8.5 8.5 16.89 N/A 50.33 13.91 Standalone
Hec Infra Projects Limited 0.78 0.78 29.16 37.24 2.62 N/A Standalone

Notes:

  1. Based on March 31, 2023, restated financial statements.
  2. Basic & Diluted Earnings per Share (EPS) and Net Asset Value per share are calculated on the weighted average number of shares after considering the Bonus Issue of Shares.

Contact Information

Contact Details

Rulka Electricals Limited

+022 41276806

info@replservices.com

https://www.replservices.com/

A - 20, Shiva Industrial Estate Co. Ltd., Lake Road, Near Tata Power, Bhandup West Mumbai City, Mumbai- 400078

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html

Frequently Asked Questions

Click any question to reveal the answer

Rulka Electricals Limited IPO is a book-built IPO worth ₹26.4 crore. The price band is ₹223–₹235 per share. The IPO opens on May 16, 2024 and closes on May 21, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.

The price band of Rulka Electricals Limited IPO is ₹223 to ₹235 per share.

The lot size of Rulka Electricals Limited IPO is 600 shares.

The minimum investment for Rulka Electricals Limited IPO is approximately ₹1,41,000 based on the upper price band .

Rulka Electricals Limited IPO opens on May 16, 2024 and closes on May 21, 2024.

The allotment date of Rulka Electricals Limited IPO is May 22, 2024.

Rulka Electricals Limited IPO is expected to be listed on May 24, 2024, on NSE SME Platform.

Rulka Electricals Limited IPO valuation snapshot: P/E 16.21, EPS ₹14.49/-, P/B 6.22, RoNW 43.85%, and market cap N/A.

To apply for Rulka Electricals Limited 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 Rulka Electricals Limited 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 Rulka Electricals Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Rulka Electricals Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rulka Electricals Limited IPO allotment status on IPO Ji for quick and easy access.