Arunaya Organics Limited SME IPO...
25 Apr, 2025
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:
- EHV Underground Cables & Transmission Lines.
- EHV AIS/GIS Substations (with Civil Works).
- HV/MV/LV Cable Laying & MVCC Conductor Installation.
- Turnkey Distribution Network Revamping (Substations, RMUs, Transformers, Cables).
- 5Power Supply Projects for Solar Plants.
- Operation & Maintenance of EHV, HV, MV and LV Substations & Networks.
Rajesh Power Services IPO Overview
• Issue Type: Book-built issue
• Total Issue Size: â¹160.47 crores
• Fresh Issue: 27.9 lakh shares aggregating â¹93.47 crores
• Offer for Sale: 20 lakh shares aggregating â¹67.00 crores
• Price Per Share: â¹320 to â¹335 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.
Rajesh Power Services Limited IPO
| 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 Limited 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 Limited IPO Timeline
| 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 Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹134,000 |
| Retail (Max) | 1 | 400 | ₹134,000 |
| HNI (Min) | 2 | 800 | ₹134,000 |
Rajesh Power Services Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | - |
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 IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 24,039.00 | 29,506.07 | 2,602.29 | 8,430.05 | 7,767.08 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 19,823.38 | 21,117.57 | 675.15 | 5,865.80 | 5,971.20 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 17,562.82 | 14,936.84 | 344.60 | 5,228.69 | 6,243.33 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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.
RHP:
DRHP:
Read more :
- Premium Plast Limited IPO, GMP, Details, Price, And Review
- Enviro Infra Engineers Limited IPO
- Property Share Investment Trust REIT
Frequently asked Questions (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.
