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 | 47,90,000 shares (aggregating up to ₹ 160.47 Cr) |
| Fresh Issue | 27,90,000 shares (aggregating up to ₹ 93.47 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (aggregating up to ₹ 67.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 1,52,17,392 |
| Shareholding post issue | 1,80,07,392 |
| Market Maker portion | 2,44,000 shares Sunflower Broking |
About 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: ₹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
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 |
EnNutricaRajesh 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 |
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 Limited IPO Financial Information
Latest Revenue
29,506.07
₹ Crore
Profit After Tax
2,602.29
₹ Crore
Net Worth
8,430.05
₹ Crore
Total Borrowing
7,767.08
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
Rajesh Power Services Limited 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 |
Frequently Asked Questions
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Competitive Strengths
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 Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹134,000 |
| Retail (Max) | 1 | 400 | ₹134,000 |
| HNI (Min) | 2 | 800 | ₹134,000 |