IPO

Rulka Electricals Limited IPO

NSE SME

Listed On: May 24, 2024 at ₹ 525.0

₹ 282000 /1200 Shares
*Min Investment

Check Allotment

16 May, 2024

Open Date

21 May, 2024

Close Date

22 May, 2024

Allotment Date

24 May, 2024

Listing Date
Rulka Electricals Limited IPO Issue Details
  • Issue Price ₹223-235 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 11,23,200 shares(aggregating up to ₹26.4 crore)
  • Fresh Share 8,42,400 shares(aggregating up to ₹19.8 crore)
  • Offer For Sale 2,80,800 shares(aggregating up to ₹6.6 crore)
  • Listing at NSE SME
  • List Price 525.0
  • Listing Date 2024-05-24
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Bigshare Services 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.

ApplicationLotsSharesAmount
Retail (min)1600₹1,41,000
Retail(max)1600₹1,41,000
NII (min) 21,200₹2,82,000
Rulka Electricals Limited IPO Reservation

Rulka Electricals Limited IPO offers total 1,123,200 shares. Out of which 213,600 (19.02%) allocated to QIB, 160,200 (14.26%) allocated to NII,373,800 (33.28%) allocated to RII, NA (NA%) allocated to employees and 319,200 (28.42%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered319,200 (28.42%)
Market Maker Shares Offered56,400 (5.02%)
QIB Shares Offered213,600 (19.02%)
NII (HNI) Shares Offered160,200 (14.26%)
Retail Shares Offered373,800 (33.28%)
Total Shares Offered1,123,200 (100%)
Rulka Electricals Limited IPO Documents
DRHP
RHP
Rulka Electricals Limited IPO Details


Rulka Electricals Limited IPO is an SME IPO, priced at ₹223-235 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 11,23,200 equity shares, aggregating up to ₹26.4 crores..

The IPO bidding window is open from May 16, 2024 to May 21, 2024. The allotment is expected to be finalized on May 22, 2024, and the tentative listing date is May 24, 2024.

The minimum lot size for Retail investors is 600 shares, with a minimum investment of ₹1,41,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,82,000.

Beeline Capital 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.

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Rulka Electricals Limited IPO Subscription Analysis And Details
Retail
658.32x
Total
676.90x
As onQIB / NIIRetailTotal
Shares Offered / Reserved213,600 / 160,200373,800747,600
Day 1 16-05-24 06:00 PM
1.01 / 5.26 x10.78 x6.81 x
Day 2 17-05-24 06:00 PM
4.62 / 27.62 x52.84 x33.66 x
Day 3 21-05-24 06:00 PM
204.22 / 1350.51 x658.32 x676.90 x
Total No of Applications
4,10,134
Rulka Electricals Limited Valuations
EPS Pre IPO ₹8.21/-
EPS Post IPO ₹14.49/-
P/E Pre IPO 28.62
P/E Post IPO 16.21
ROE 61.25%
ROCE 33.67%
Debt/Equity 2.16
RoNW 43.85%
PAT Margin 8.68
Price to Book Value 6.22
Rulka Electricals Limited Company Financials
In Lakhs
In Lakh
29-Feb-2431-Mar-2331-Mar-22
Assets4,082.092,826.951,919.04
Revenue6,527.774,689.783,627.41
Profit After Tax565.77280.52112.08
Net Worth1,290.15557.33276.82
Reserves & Surplus948.55546.33265.82
Total Borrowing1,104.89527.07281.46
About Rulka Electricals Limited Company

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.

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Rulka Electricals Limited - Promoter(s)

Mr. Rupesh Laxman Kasavkar

Mr Nitin Indrakumar Aher

Pre Issue Share Holding : 86.28%

Post Issue Share Holding : 69.22%

Rulka Electricals Limited IPO - Issue Objectives
1

To Meet Working Capital Requirement

2

General Corporate Purpose

3

To Meet the Offer Expenses

Rulka Electricals Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Rulka Electricals Limited8.58.516.89N/A50.3313.91Standalone
Hec Infra Projects Limited0.780.7829.1637.242.62N/AStandalone

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 Details

Rulka Electricals Limited

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

+022 41276806

info@replservices.com

https://www.replservices.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

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