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 | 11,23,200 shares (aggregating up to ₹ 26.40 Cr) |
| Fresh Issue | 8,42,400 shares (aggregating up to ₹ 19.80 Cr) |
| Offer for Sale | 2,80,800 shares of ₹10 (aggregating up to ₹ 6.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 34,16,000 |
| Share holding post issue | 42,58,400 |
| Market Maker portion | 56,400 shares |
About 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.
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.
Rulka Electricals Limited IPO Financial Information
Latest Revenue
6,527.77
₹ Crore
Profit After Tax
565.77
₹ Crore
Net Worth
53.72
₹ Crore
Total Borrowing
1,104.89
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | 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 | |||||||||
Rulka Electricals Limited 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 |
Frequently Asked Questions
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Competitive Strengths
Rulka Electricals Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹141,000 |
| Retail (Max) | 1 | 600 | ₹141,000 |
| HNI (Min) | 2 | 1,200 | ₹282,000 |