Transrail Lighting Limited IPO...
19 Dec 2024
Rajesh Power Services Limited IPO
Founded in 1971, Rajesh Power Services Limited provides consultancy to state and private utilities in the power sector. The company has invested in HKRP Innovations Limited, which specializes in IoT and cloud-based solutions for power grids and renewable energy, offering tools like Smart Feeder Management System (SFMS) and Solar Energy Data Management (SEDM).
Rajesh Power Services offers a wide range of services across both Renewable and Non-Renewable energy segments, including:
The company's business model for digital transformation revolves around four key service areas:
Rajesh Power Services IPO Overview
- ● Issue Type: Book-built issue
- ● Total Issue Size: ₹160.47 crores
- ○ Fresh Issue: 27.9 lakh shares aggregating ₹93.47 crores
- ○ Offer for Sale: 20 lakh shares aggregating ₹67.00 crores
- ● Price Per Share: ₹320 to ₹335 per share
- ● Minimum Lot Size: 400 shares
- ● Issue Opening Date: November 25, 2024
- ● Issue Closing Date: November 27, 2024
- ● Book Running Lead Managers: Mark Corporate Advisors Private Limited & Beeline Capital Advisors Pvt Ltd
- ● Registrar: Bigshare Services Pvt Ltd
- ● Market Maker: Sunflower Broking
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
C2C Advanced Systems Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 335 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Rajesh Power Services IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 25, 2024 to November 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 |
| Shareholding pre issue | 15,217,392 |
| Shareholding post issue | 18,007,392 |
| Market Maker portion | 244,000 shares Sunflower Broking |
Rajesh Power Services IPO (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Rajesh Power Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹134,000 |
| Retail (Max) | 1 | 400 | ₹134,000 |
| HNI (Min) | 2 | 800 | ₹268,000 |
Rajesh Power Services IPO Reservation
| 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 Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | - |
Rajesh Power Services IPO Anchor Investors Details
| 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 |
Competitive 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.
Rajesh Power Services Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 24,039.00 | 19,823.38 | 17,562.82 | |||||||||||||||||||||||||||||||||||||
| Revenue | 29,506.07 | 21,117.57 | 14,936.84 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 2,602.29 | 675.15 | 344.60 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 8,430.05 | 5,865.80 | 5,228.69 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 6,908.31 | 4,344.06 | 3,706.95 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 7,767.08 | 5,971.20 | 6,243.33 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.41% |
| ROCE | 29.99% |
| RoNW | 30.87% |
| P/BV | NA |
| PAT Margin (%) | 9.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.1 | 14.45 |
| P/E (x) | 19.59 | 23.18 |
Rajesh Power Services IPO Objectives:-
-
The Objectives of the Net Issue is to raise funds for:
-
1. Capital Expenditure:
- - Purchase of cable identification, testing and fault location equipment.
- - Setting up of a 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.
- 2. Additional Working Capital Requirement.
- 3. General Corporate Purposes.
Rajesh Power Services IPO FAQs
-
What is Rajesh Power Services IPO?
Rajesh Power Services IPO is a SME IPO. The company is going to raise ₹160.47 Crores via IPO. The issue is priced at ₹320 to ₹335 per equity share. The IPO is to be listed on BSE.
-
When will the Rajesh Power Services IPO open for subscription?
The IPO is to open on November 25 for QIB, NII, and Retail Investors. The IPO will close on November 27.
-
What is Rajesh Power Services IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Rajesh Power Services IPO Issue Size?
Rajesh Power Services IPO issue size is ₹160.47 crores.
-
What is Rajesh Power Services IPO Price Band?
Rajesh Power Services IPO Price Band is ₹320 to ₹335.
-
What is Rajesh Power Services IPO Lot Size?
The minimum bid is 400 Shares with ₹134,000 amount.
-
What is the Rajesh Power Services IPO Allotment Date?
Rajesh Power Services IPO allotment date is November 28.
-
What is the Rajesh Power Services IPO Listing Date?
Rajesh Power Services IPO listing date is December 2. The IPO is to be listed on BSE.
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What is Rajesh Power Services current GMP?
The current GMP of the Rajesh Power Services is ---.
DRHP:
DRHP of Rajesh Power Services Limited IPO
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