Rajesh Power Services Ltd IPO — GMP ₹0

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

25 Nov 2024

Mon Completed

Done

Close Date

27 Nov 2024

Wed Completed

Done

Allotment

28 Nov 2024

Thu Completed

Done

Refund

29 Nov 2024

Fri Completed

Done

Demat Credit

29 Nov 2024

Fri Completed

Done

Listing Date

02 Dec 2024

Mon Completed

UPI Deadline: 27 Nov 2024

Issue Details

Pricing & Size

Issue Price

₹335 Face ₹10

Lot Size

400 shares

Min Investment

₹134,000

Total Issue Size

47,90,000 shares (aggregating up to ₹160.47 Cr)

IPO Information

Issue Type

Bookbuilding IPO

Sale Type

Fresh Capital-cum-Offer for Sale

Listing Exchange

BSE SME

Script / Ticker

Allocation Breakdown

Market Maker

2,44,000 (5.09%)

QIB Portion

22,50,000 (46.97%)

NII / HNI

6,91,200 (14.43%)

Retail

16,04,800 (33.50%)

Employee

Net Offer to Public

Shareholding Pattern

Pre-Issue Shareholding

1,52,17,392 shares

Post-Issue Shareholding

1,80,07,392 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	1	400	₹1,34,000
HNI / NII	2	800	₹2,68,000

Objects of Issue

3 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.

Lead Managers & Market Maker

Book Running Lead Managers

ISK Advisors Pvt.Ltd

Market Maker

Sunflower Broking Pvt.Ltd.

IPO Timeline

Open

25 Nov

✓ Done

27 Nov

✓ Done

Allotment

28 Nov

✓ Done

Listing

02 Dec

✓ Done

Registrar Details

Bigshare Services Pvt.Ltd

SEBI Registered Registrar & Transfer Agent

Phone

+91-22-6263 8200

ipo@bigshareonline.com

Website

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

Check Allotment Status

Company Contact

Website

https://www.rajeshpower.com/

cs@rajeshpower.com

Phone

+91 6358736465

Address

380/3, Siddhi House, Opp. Lal Bunglows B/H Sasuji Dinning Hall, Off C.G. Road, Navrangpura Ahmedabad - 380006, Ahmedabad, Gujarat

Grey Market Premium

LIVE

Current GMP

+₹0

+0% vs Issue Price

Issue Price

₹335

Est. Listing

₹335

Lot Size

400 shares

P&L / Lot

+₹0

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

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| Price

Market Reference

IPO Issue Price

₹335

GMP

+₹0 (+0%)

GMP Est. Listing

₹335

Previous Close

—

Exchange

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Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	—	22,50,000 (46.97%)	—	₹7,537.50 Cr
NII / HNI (Total)	—	6,91,200 (14.43%)	—	₹2,315.52 Cr
Retail Investors	—	16,04,800 (33.50%)	—	₹5,376.08 Cr
Total **	—	47,90,000 (100.00%)	—	₹160,465.00 Cr
Market Maker *	—	2,44,000 (5.09%)	—	₹81.74 Cr

* Based on ₹335.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

22,50,000 (46.97%)

NII

6,91,200 (14.43%)

Retail

16,04,800 (33.50%)

Market Maker

2,44,000 (5.09%)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount in ₹ Lakhs

Metric	30 Sep 2024	31 Mar 2024	31 Mar 2023
Revenue	31785.09	29506.07	21117.57
PAT	2768.25	2602.29	675.15
EBITDA	—	—	—
Net Worth	11122.22	8430.05	5865.80
Total Assets	33822.42	24039.00	19823.38
Reserves	9600.48	6908.31	4344.06
Borrowings	7973.04	7767.08	5971.20

Key Financial Ratios

24.89%

ROE

Return on Equity

25.61%

ROCE

Return on Capital Employed

25.47%

RONW

Return on Net Worth

8.11%

PAT Margin

PAT / Revenue

0.92

D/E Ratio

Debt to Equity

4.55

P/BV

Price to Book Value

17.10

Pre EPS

EPS Pre-Issue

30.75

Post EPS

EPS Post-Issue

19.59

Pre P/E

P/E Pre-Issue

10.9

Post P/E

P/E Post-Issue

About Rajesh Power Services Ltd

Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies and private utilities and industries.

Rajesh Power Services Limited has invested in HKRP Innovations Limited (HKRP), which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, providing tools like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).

The company offers services to both the Renewable and Non-Renewable segments of the power sector.

The company provides the following services

EHV Underground Cables and Transmission Lines
EHV AIS/GIS Substations including Civil Works
HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
Revamping the entire Distribution Network including Substations, RMUs, Transformers & Cables on Turnkey Basis
Power Supply Arrangement Projects for Solar Power Plants
Operation and Maintenance of EHV, HV, MV & LV Substations
Operation and Maintenance of EHV, HV, MV & LV Transmission and Distribution Network

The company clients include GIFT City, Gandhinagar; Gujarat Metro Rail Corporation Ltd., Gandhinagar; , IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., Dholera; Jay Chemicals Ltd., Saykha; Sabar Dairy, Himmatnagar; Grindwell Norton Limited (Saint Gobain), Hindustan Coca Cola and so on and so forth.

Rajesh Power Services Ltd. (RPSL) specializes in EPC contracting and providing services to power transmission and distribution utilities.

Cometitive Strength

Constant Financial Growth maintaining healthy profit margins.
Successfully completed numerous power sector projects as an EPC contractor for over 20 years.
Looking for ways to expand our business in renewable energy, focusing on solar energy and hydrogen electrolyzers.

As of April 1, 2024, the Company employs 940 people in various departments.

Frequently Asked Questions

What is the issue price of Rajesh Power Services Ltd IPO?

The issue price of Rajesh Power Services Ltd IPO is ₹335 per share, face value ₹10.

What is the lot size?

Minimum lot size is 400 shares, requiring ₹134,000.

What are the IPO dates?

Opens 25 Nov 2024, closes 27 Nov 2024.

When is the listing date?

Tentative listing: 02 Dec 2024 on BSE SME.

What is the current GMP?

Current GMP is +₹0, estimated listing ₹335 (+0%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Rajesh Power Services Ltd IPO · Expected 28 Nov 2024

Check on Registrar

Post-IPO Timeline

Allotment Date

28 Nov 2024

Refund Initiation

29 Nov 2024

Demat Credit

29 Nov 2024

Listing Date

02 Dec 2024

Live Price LIVE

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Quick Facts

Closed

GMP Signal

Bullish

+₹0

+0%

Issue Price

₹335

Face ₹10

Lot Size

400

shares / lot

Min Amount

₹134,000

1 lot

Est. Listing

₹335

GMP +₹0

Key Dates

Open

25 Nov Done

27 Nov Done

Listing

02 Dec Done

Registrar

Bigshare Services Pvt.Ltd