Rajesh Power Services IPO Details
The key details of Rajesh Power Services’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹160.47 Cr |
| Price Range | ₹320 - ₹335 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 400 |
| Investment (cut-off price) | ₹134,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 61.74% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Rajesh Power Services IPO Timelines
The IPO process for Rajesh Power Services includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
25/11/2024
Start Date27/11/2024
End Date29/11/2024
Refund Initiation29/11/2024
Credit of Shares to Demat Ac02/12/2024
Listing DateRajesh Power Services IPO Lot Size
The Rajesh Power Services IPO has a fixed lot size of 400 shares, at an upper price band of ₹335 per share, requiring ₹134,000 per lot for retail investors. For HNI investors, the minimum application is 800 shares (2 lots) amounting to ₹268,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 400 | ₹134,000 |
| Retail Maximum | 1 | 400 | ₹134,000 |
| S-HNI Minimum | 2 | 800 | ₹268,000 |
Rajesh Power Services IPO Subscription Status
The subscription status for Rajesh Power Services IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 46.39x | 138.46x | 31.96x | -- | 59.00x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹636.50 | ₹668.30 | ₹668.30 | ₹636.50 |
Rajesh Power Services IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹146.81 | ₹144.97 | ₹3.45 |
| FY 2023 | ₹207.18 | ₹202.58 | ₹6.75 |
| FY 2024 | ₹284.97 | ₹261.00 | ₹26.02 |
About Company
Rajesh Power Services Limited (RPSL), established in 1971 as a partnership firm, has evolved into a prominent player in the power sector, providing services to both renewable (solar power) and non-renewable energy segments. Operating as an Engineering, Procurement, and Construction (EPC) contractor, the company specializes in turnkey projects for laying Extra High Voltage (EHV) cables and transmission lines, setting up EHV substations, and designing underground power distribution systems. Additionally, RPSL offers operations and maintenance services for solar plants and EHV substations, utility services such as cable fault rectification and transformer retrofitting, and consultancy services for power substation and cable system design.
India’s power transmission sector has seen remarkable growth, with a well-integrated grid and significant expansion of transmission infrastructure. As of February 2024, India’s transmission line length (220 kV and above) reached 482,032 circuit kilometers, while substation capacities expanded at an impressive CAGR of 8-9.4% between 2016-2023. With India’s ambitious target to meet 50% of its generation capacity from non-fossil fuel sources by 2030, the demand for advanced transmission and distribution services is poised to grow significantly. Positioned within this dynamic market, RPSL leverages its expertise to contribute to the nation’s evolving power infrastructure.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2010 | Construction | kurang panchal |
Know Before Investing
Rajesh Power Services IPO Strengths
- Demonstrates stable and reliable financial growth over time.
- Maintains a robust order book valued at ₹2,35,817.40 lakhs, showcasing business execution expertise.
- Actively exploring opportunities to diversify offerings in solar energy and hydrogen electrolyzers.
Rajesh Power Services IPO Risks
- Revenues depend on bid acceptance; non-awarded bids may affect performance.
- EPC operations require substantial working capital.
- Solar business growth is in its early phase.
Swot Analysis for Rajesh Power Services IPO
Strengths
Established reputation in power services, Skilled workforce
Weaknesses
Dependence on government contracts, Limited geographical presence
Opportunities
Growing demand for renewable energy projects, Infrastructure development
Threats
Intense competition, Regulatory changes impacting the power sector
Company Details
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/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Rajesh Power Services IPO are:
- Capital expenditure focuses on solar power, green hydrogen production, and advanced cable testing equipment.
- The company requires additional working capital to support its operations.
- Funds will also be used for general corporate purposes.
Isk Advisors Pvt Ltd is the book-running lead managers for the Rajesh Power Services IPO.