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Rulka Electricals IPO is a book built issue of Rs 26.40 crores. The issue is a combination of fresh issue of 8.42 lakh shares aggregating to Rs 19.80 crores and offer for sale of 2.81 lakh shares aggregating to Rs 6.60 crores.
Rulka Electricals IPO bidding started from May 16, 2024 and ended on May 21, 2024. The allotment for Rulka Electricals IPO was finalized on Wednesday, May 22, 2024. The shares got listed on NSE SME on May 24, 2024.
Rulka Electricals IPO price band is set at ₹223 to ₹235 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹141,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹282,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Rulka Electricals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rulka Electricals IPO is Sunflower Broking.
Refer to Rulka Electricals IPO RHP for detailed information.
IPO Date | May 16, 2024 to May 21, 2024 |
Listing Date | May 24, 2024 |
Face Value | ₹10 per share |
Price Band | ₹223 to ₹235 per share |
Lot Size | 600 Shares |
Total Issue Size | 1,123,200 shares (aggregating up to ₹26.40 Cr) |
Fresh Issue | 842,400 shares (aggregating up to ₹19.80 Cr) |
Offer for Sale | 280,800 shares of ₹10 (aggregating up to ₹6.60 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 3,416,000 |
Share holding post issue | 4,258,400 |
Market Maker portion | 56,400 shares Sunflower Broking |
Rulka Electricals IPO offers 1,123,200 shares. 213,600 (19.02%) to QIB, 160,200 (14.26%) to NII, 373,800 (33.28%) to RII and 319,200 (28.42%) to Anchor investors.
Investor Category | Shares Offered |
---|---|
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 IPO raises Rs 7.50 crore from anchor investors. Rulka Electricals IPO Anchor bid date is May 15, 2024. Rulka Electricals IPO Anchor Investors list
Bid Date | May 15, 2024 |
Shares Offered | 319,200 |
Anchor Portion Size (In Cr.) | 7.50 |
Anchor lock-in period end date for 50% shares (30 Days) | June 21, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | August 20, 2024 |
Rulka Electricals IPO opens on May 16, 2024, and closes on May 21, 2024.
IPO Open Date | Thursday, May 16, 2024 |
IPO Close Date | Tuesday, May 21, 2024 |
Basis of Allotment | Wednesday, May 22, 2024 |
Initiation of Refunds | Thursday, May 23, 2024 |
Credit of Shares to Demat | Thursday, May 23, 2024 |
Listing Date | Friday, May 24, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on May 21, 2024 |
Investors can bid for a minimum of 600 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 | 600 | ₹141,000 |
Retail (Max) | 1 | 600 | ₹141,000 |
HNI (Min) | 2 | 1,200 | ₹282,000 |
Lot Size Calculator |
The promoters of the Company are Mr. Rupesh Laxman Kasavkar and Mr Nitin Indrakumar Aher
Share Holding Pre Issue | 86.28% |
Share Holding Post Issue | 69.22% |
Founded in May 2013, Rulka Electricals Limited is an electrical and Fire-Fighting solutions company. The company offers various services, including 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. These services cater to various sectors such as industrial, commercial, retail, and theatre.
The company's integrated operations encompass designing, supplying, installing, testing, and commissioning the project.
The company generates 100% of its revenue through Turnkey Projects, which include both material and labor along with engineering, design, and consulting services.
The company's services can be divided into the following categories:-
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.
Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 4,082.09 | 2,826.95 | 1,919.04 | 982.41 |
Revenue | 6,527.77 | 4,689.78 | 3,627.41 | 1,960.11 |
Profit After Tax | 565.77 | 280.52 | 112.08 | 53.72 |
Net Worth | 1,290.15 | 557.33 | 276.82 | 164.74 |
Reserves and Surplus | 948.55 | 546.33 | 265.82 | 153.74 |
Total Borrowing | 1,104.89 | 527.07 | 281.46 | 230.99 |
Amount in ₹ Lakhs |
The market capitalization of Rulka Electricals IPO is Rs 100.07 Cr.
KPI as of February 29, 2024.
KPI | Values |
---|---|
ROE | 61.25% |
ROCE | 33.67% |
Debt/Equity | 2.16 |
RoNW | 43.85% |
P/BV | 6.22 |
PAT Margin (%) | 8.68 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 8.21 | 14.49 |
P/E (x) | 28.62 | 16.21 |
The company intends to utilize the proceeds of the Offer to meet the following objects: -
[Dilip Davda] The company is providing many services under one roof with major thrust on Electrical, Fire Fighting systems. It marked growth in its top and bottom lines for the reported periods, and major high margin contracts lifted its bottom line. Based on FY24 annualized super earnings, the issue is fully priced. The company serves many blue-chip clients. However, small post-IPO paid-up equity capital indicates longer gestation period for migration. Investors may park funds for the long term rewards. Read detail review...
The Rulka Electricals IPO is subscribed 676.83 times on May 21, 2024 6:19:56 PM. The public issue subscribed 658.32 times in the retail category, 204.22 times in the QIB category, and 1,350.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 204.22 |
NII | 1,350.15 |
Retail | 658.32 |
Total | 676.83 |
Total Application : 410,134 (658.32 times)
Listing Date | May 24, 2024 |
BSE Script Code | |
NSE Symbol | RULKA |
ISIN | INE0R7301013 |
Final Issue Price | ₹235 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹235.00 |
₹525.00 |
₹498.75 |
₹551.25 |
₹498.75 |
Rulka Electricals Limited
A - 20, Shiva Industrial Estate Co. Ltd.,
Lake Road, Near Tata Power, Bhandup West
Mumbai City, Mumbai- 400078,
Phone: +022 41276806
Email: info@replservices.com
Website: https://www.replservices.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Rulka Electricals IPO is a SME IPO of 1,123,200 equity shares of the face value of ₹10 aggregating up to ₹26.40 Crores. The issue is priced at ₹223 to ₹235 per share. The minimum order quantity is 600 Shares.
The IPO opens on May 16, 2024, and closes on May 21, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rulka Electricals IPO using UPI as a payment gateway. Zerodha customers can apply in Rulka Electricals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rulka Electricals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rulka Electricals IPO opens on May 16, 2024 and closes on May 21, 2024.
Rulka Electricals IPO lot size is 600 Shares, and the minimum amount required is ₹141,000.
You can apply in Rulka Electricals 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 Rulka Electricals IPO will be done on Wednesday, May 22, 2024, and the allotted shares will be credited to your demat account by Thursday, May 23, 2024. Check the Rulka Electricals IPO allotment status.
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