Rajesh Power Services IPO Details
The Rajesh Power Services IPO is a book build issue with a total issue size of ₹160.47 cr, comprising of fresh issue of 2790000 equity shares., and a offer for sale of 2000000 equity shares. Rajesh Power Services IPO opened for subscription on Nov 25, 2024 and closed on Nov 27, 2024. Rajesh Power Services IPO is set price band at ₹319 to ₹335 per share, with a lot size of 400 shares. Minimum investment for Retail investors was ₹268,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 28, 2024, and listed on both the NSE and BSE on Dec 02, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. **Isk Advisors Pvt Ltd ** are the Book Running Lead Manager for the issue.
Before investing in the Rajesh Power Services IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 319 – 335
- Lot Size
- 400
- Issue Size
- ₹160.47 Cr
- Minimum Investment
- ₹268000 (800 Shares)
- Listing Date
- 02 December 2024
Current GMP
₹157 (+46.87%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Rajesh Power Services Limited
Rajesh Power Services Limited (RPSL) is an established company in the power infrastructure sector, originally formed as a partnership firm called "Rajesh Traders" in 1971. It later converted into a private limited company in 2010 and subsequently became a public limited company in 2024. The company specializes in both renewable and non-renewable power sector services, with a strong focus on solar power generation, transmission, and distribution infrastructure.
Key Developments and Business Areas:
- Solar Power Initiatives:
- RPSL entered the solar power generation sector in 2012 with a 1MW solar power plant in Gujarat, under one of the first solar schemes launched by the Gujarat government. The plant continues to generate and supply power to PGVCL DISCOM.
- The company has expanded its expertise in building, operating, and maintaining solar power plants across Western India and has worked on major projects, including Adani’s 300MW solar plant in Rajasthan.
- Business Expansion and Orders:
- RPSL is actively involved in executing projects under the Central Government’s Revamped Distribution Sector Scheme (RDSS) and Gujarat’s Robust Network Scheme.
- The company is positioning itself to capitalize on infrastructure development opportunities, such as T&D network revamping, metro and rail corridor projects, data centers, and related industries.
- As of March 2024, the company has a robust order book valued at approximately ₹2,35,817.40 lakhs, with projects to be executed over the next three years.
- Investment in Technology Solutions:
- RPSL has invested in HKRP Innovations Limited, which provides IoT and cloud-based solutions to the power grid and renewable energy sectors. Key offerings include Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), and Solar Energy Data Management (SEDM).
- The company holds a 26% stake in HKRP, which delivered a profit of ₹668.52 lakhs in FY 2023-24.
- Service Offerings:
- Renewable Power Sector: RPSL provides technical services for setting up and maintaining solar power plants, including turnkey projects for power supply arrangements.
- Non-Renewable Power Sector: The company offers services for laying Extra High Voltage (EHV) cables and transmission lines, building EHV substations, and designing underground power distribution systems.
- Operations and Maintenance (O&M): RPSL offers O&M services for solar plants, EHV substations, and other power infrastructure.
- Utility Services: These include cable fault location and rectification, transformer and switchgear retrofitting, and consultancy services related to substation and cable system design.
Rajesh Power Services IPO Promoters
- Mr. Rajendra Baldevbhai Patel
- Mr. Kurang Ramchandra Panchal
- Mr. Kaxil Prafulbhai Patel
- Mr. Utsav Nehal Panchal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.40%
Rajesh Power Services IPO Objective
The Objects of the Net Issue is to raise funds for:
- Capital Expenditure:
- Purchase of cable identification, testing and fault location equipments
- Setting up of 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
- Additional Working Capital Requirement
- General Corporate Purposes.
Address / Contact Info
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 Snapshot
Book Running Lead Managers
- Isk Advisors Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Rajesh Power Services IPO is a Book-building IPO with a total issue size of ₹160.47 crore. The Rajesh Power Services IPO price band is ₹319 to 335 per share. The Rajesh Power Services IPO subscription opens on Mon, Nov 25, 2024, and closes on Wed, Nov 27, 2024. The Rajesh Power Services IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Rajesh Power Services IPO.
The Rajesh Power Services IPO opens on Mon, Nov 25, 2024 and closes on Wed, Nov 27, 2024
Rajesh Power Services IPO Price Band is ₹319 to 335 per share.
Rajesh Power Services IPO lot size is 400 shares, Retail investors need a minimum investment of ₹268000 based on the upper price band
The minimum investment for Rajesh Power Services IPO is ₹268000, based on one lot of 400 shares at the upper price band of ₹335 per share.
Investors can apply for the Rajesh Power Services IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Nov 27, 2024. The application amount remains blocked until the Rajesh Power Services IPO allotment is finalized.
Rajesh Power Services IPO issue size is ₹160.47 crores.
Rajesh Power Services IPO allotment date is Wed, Jul 1, 2026.
The registrar for Rajesh Power Services IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Rajesh Power Services IPO allotment status, refund processing, and other IPO-related information.
The Rajesh Power Services IPO GMP (Grey Market Premium) is ₹157 as of Mon, Dec 2, 2024. Based on the upper price band of ₹335 per share, the estimated Rajesh Power Services IPO listing price is ₹492, indicating a potential listing gain of approximately 0% over the issue price.