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Rulka Electricals Limited IPO
Rulka Electricals Ltd offers a wide range of services for Engineering, Installation, Commissioning, upcoming projects and for operation & maintenance of existing plants. The company provides electrical supplies for commercial, industrial, residential complexes, utilities and telecommunications. The employees of RULKA ELECTRICALS PVT. LTD wishes to share their knowledge and expertise of the electrical material and equipment needed by the customers. The company has been growing fast from the time of its establishment due to its capacity of providing customized solutions in the field of Electrical. The products & services are carefully selected to meet the vision and mission of the Company. The Services include consultancy, Designing, Supplying and installation of the reliable and quality products.
Rulka Electricals will treat every customer equally irrespective of its size. Rulka Electricals will always take care of its employees, who it considers to be its most important asset.” 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 price band is set at ₹223 to ₹235 per share. The minimum lot size for an application is 600 Shares. 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.
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.
Rulka Electricals Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**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.**
Rulka Electricals Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | - |
| 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 |
Rulka Electricals Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Rulka Electricals Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹141,000 |
| Retail (Max) | 1 | 600 | ₹141,000 |
| HNI (Min) | 2 | 1,200 | ₹282,000 |
Rulka Electricals Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 86.28% |
| Share Holding Post Issue | 69.22% |
Competitive Strength:
- -
Rulka Electricals Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 Feb 2024 | 4,082.09 | 6,527.77 | 565.77 | 53.72 | - | 1,104.89 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,826.95 | 4,689.78 | 280.52 | 557.33 | - | 527.07 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 1,919.04 | 3,627.41 | 112.08 | 276.82 | - | 281.46 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 982.41 | 1,960.11 | 53.72 | 164.74 | - | 230.99 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of Rulka Electricals IPO
The company intends to utilize the proceeds of the Offer to meet the following objectives: -
- 1. To Meet Working Capital Requirements.
- 2. General Corporate Purpose.
- 3. To Meet the Offer Expenses.
Rulka Electricals IPO Review
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 a longer gestation period for migration. Investors may park funds for the long term rewards.
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Frequently Asked Questions (FAQs)
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What is Rulka Electricals IPO?
Rulka Electricals IPO is an NSE SME IPO. They are going to raise ₹26.40 Crores via IPO. The issue is priced at ₹223 to ₹235 per equity share. The IPO is to be listed on NSE.
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When will Rulka Electricals IPO?
The IPO is to open on May 16, 2023 for QIB, NII, and Retail Investors.
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What is Rulka Electricals IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Rulka Electricals IPO Size?
Rulka Electricals IPO size is ₹26.40 crores.
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What is Rulka Electricals IPO Price Band?
Rulka Electricals IPO Price Band is ₹223 to ₹235 per equity share.
