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Rajesh Power Services IPO is a book built issue of Rs 160.47 crores. The issue is a combination of fresh issue of 27.9 lakh shares aggregating to Rs 93.47 crores and offer for sale of 20 lakh shares aggregating to Rs 67.00 crores.
Rajesh Power Services IPO opens for subscription on November 25, 2024 and closes on November 27, 2024. The allotment for the Rajesh Power Services IPO is expected to be finalized on Thursday, November 28, 2024. Rajesh Power Services IPO will list on BSE SME with tentative listing date fixed as Monday, December 2, 2024.
Rajesh Power Services IPO price band is set at ₹320 to ₹335 per share. The minimum lot size for an application is 400 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (800 shares) amounting to ₹268,000.
Isk Advisors Pvt Ltd is the book running lead manager of the Rajesh Power Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rajesh Power Services IPO is Sunflower Broking.
Refer to Rajesh Power Services IPO RHP for detailed information.
| IPO Date | November 25, 2024 to November 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹320 to ₹335 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 4,790,000 shares (aggregating up to ₹160.47 Cr) |
| Fresh Issue | 2,790,000 shares (aggregating up to ₹93.47 Cr) |
| Offer for Sale | 2,000,000 shares of ₹10 (aggregating up to ₹67.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15,217,392 |
| Share holding post issue | 18,007,392 |
| Market Maker portion | 244,000 shares Sunflower Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Rajesh Power Services IPO raises Rs 44.77 crore from anchor investors. Rajesh Power Services IPO Anchor bid date is November 22, 2024.
| Bid Date | November 22, 2024 |
| Shares Offered | 1,336,400 |
| Anchor Portion Size (In Cr.) | 44.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 26, 2025 |
Rajesh Power Services IPO opens on November 25, 2024, and closes on November 27, 2024.
| IPO Open Date | Monday, November 25, 2024 |
| IPO Close Date | Wednesday, November 27, 2024 |
| Basis of Allotment | Thursday, November 28, 2024 |
| Initiation of Refunds | Friday, November 29, 2024 |
| Credit of Shares to Demat | Friday, November 29, 2024 |
| Listing Date | Monday, December 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 27, 2024 |
Investors can bid for a minimum of 400 shares and in multiples thereof. The below 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 | ₹134,000 |
| Retail (Max) | 1 | 400 | ₹134,000 |
| HNI (Min) | 2 | 800 | ₹268,000 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Rajendra Baldevbhai Patel, Mr. Kurang Ramchandra Panchal, Mr. Kaxil Prafulbhai Patel And Mr. Utsav Nehal Panchal.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.40% |
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
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
As of April 1, 2024, the Company employs 940 people in various departments.
Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33,822.42 | 24,039.00 | 19,823.38 | 17,562.82 |
| Revenue | 31,785.09 | 29,506.07 | 21,117.57 | 14,936.84 |
| Profit After Tax | 2,768.25 | 2,602.29 | 675.15 | 344.60 |
| Net Worth | 11,122.22 | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves and Surplus | 9,600.48 | 6,908.31 | 4,344.06 | 3,706.95 |
| Total Borrowing | 7,973.04 | 7,767.08 | 5,971.20 | 6,243.33 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Rajesh Power Services IPO is Rs 603.25 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt/Equity | 0.92 |
| RoNW | 25.47% |
| P/BV | 4.55 |
| PAT Margin (%) | 8.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.1 | 30.75 |
| P/E (x) | 19.59 | 10.9 |
The Objects of the Net Issue is to raise funds for:
| Period Ended | 30 Sep 2024 |
| Consolidated | |
| Assets | 34,726.58 |
| Revenue | 32,184.96 |
| Profit After Tax | 2,854.72 |
| Net Worth | 11,208.68 |
| Reserves and Surplus | 9,686.94 |
| Total Borrowing | 8,102.71 |
Rajesh Power Services Limited
380/3, Siddhi House, Opp. Lal Bunglows
B/H Sasuji Dinning Hall, Off C.G. Road,
Navrangpura Ahmedabad - 380006,
Phone: +91 6358736465
Email: cs@rajeshpower.com
Website: https://www.rajeshpower.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
Rajesh Power Services IPO is a SME IPO of 4,790,000 equity shares of the face value of ₹10 aggregating up to ₹160.47 Crores. The issue is priced at ₹320 to ₹335 per share. The minimum order quantity is 400 Shares.
The IPO opens on November 25, 2024, and closes on November 27, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rajesh Power Services IPO using UPI as a payment gateway. Zerodha customers can apply in Rajesh Power Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajesh Power Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajesh Power Services IPO opens on November 25, 2024 and closes on November 27, 2024.
Rajesh Power Services IPO lot size is 400 Shares, and the minimum amount required is ₹134,000.
You can apply in Rajesh Power Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rajesh Power Services IPO will be done on Thursday, November 28, 2024, and the allotted shares will be credited to your demat account by Friday, November 29, 2024. Check the Rajesh Power Services IPO allotment status.
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