Rajesh Power Services IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 25 Nov 2024
Close Date
Wed, 27 Nov 2024
Price Band
₹ 319 – 335
Lot Size
400
Issue Size
₹ 160.47 Cr
Minimum Investment
₹ 268,000 (800 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Rajesh Power Services IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹160.47 Crore, comprising a fresh issue of 27.90 Lakh equity shares aggregating to ₹93.47 Crore and an offer for sale (OFS) of 20.00 Lakh equity shares aggregating to ₹67.00 Crore by the existing shareholders.
The Rajesh Power Services IPO remained open for subscription from November 25, 2024, to November 27, 2024. The basis of allotment was finalized on November 28, 2024, and the company's shares were listed on BSE SME Platform on December 02, 2024.
The company had fixed the price band at ₹319 to ₹335 per share, with a lot size of 400 shares. Retail investors were required to make a minimum investment of ₹268,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Isk Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Rajesh Power Services Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Rajesh Power Services IPO Timeline (Tentative)
- IPO Open Date
- Mon, 25 Nov 24
- IPO Close Date
- Wed, 27 Nov 24
- Basis of Allotment
- Thu, 28 Nov 24
- Initiation of Refunds
- Fri, 29 Nov 24
- Credit of Shares to Demat
- Fri, 29 Nov 24
- Listing Date
- Mon, 02 Dec 24 — NSE & BSE
Open Date
25 November 2024
Close Date
27 November 2024
Basis Of Allotment
28 November 2024
Listing Date
02 December 2024
IPO Subscription
Check Live Subscription →The Rajesh Power Services IPO has received bids for 18,96,20,000 shares against 32,09,600 shares offered, resulting in an overall subscription of 59.08x. the NII category is subscribed 138.81x, Retail Investors 31.96x, and QIBs 46.39x.
QIB
46.39x
NII
138.81x
RII
31.96x
Total
59.08x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,04,800 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,13,600 shares (0%), while Non-Institutional Investors (NIIs) receive 6,91,200 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 244,000 | 0% |
| Anchor Investors | 1,336,400 | 0% |
| Qualified Institutions | 913,600 | 0% |
| Non-Institutional | 691,200 | 0% |
| Retail Investors | 1,604,800 | 0% |
| Total | 4,790,000 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 33822.42 | 24039 | 19823.38 | 17562.82 |
| Revenue | 31785.09 | 29506.07 | 21117.57 | 14936.84 |
| Profit After Tax | 2768.25 | 2602.29 | 675.15 | 344.6 |
| Net Worth | 11122.22 | 8430.05 | 5865.8 | 5228.69 |
| Reserve & Surplus | 9600.48 | 6908.31 | 4344.06 | 3706.95 |
| Total Borrowings | 7973.04 | 7767.08 | 5971.2 | 6243.33 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Rajesh Power Services Limited KPI Information
| Particular | KPI as of September 30, 2024. |
|---|---|
| ROE % | 24.89 |
| ROCE % | 25.61 |
| Debt / Equity | 0.92 |
| RoNW % | 25.47 |
| PbW | 4.55 |
| Pat Margin % | 8.11 |
Peers Comparison
No Peer Comparision Available
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.
Rajesh Power Services Limited Address / Contact Details
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
Rajesh Power Services IPO Lot Size
The Rajesh Power Services IPO has a lot size of 400 shares. Retail investors require a minimum investment of ₹1,34,000 by applying for 1 lot (400 shares). The maximum application allowed for the retail category is 1 lots (400 shares), requiring an investment of ₹1,34,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 400 | 134,000.00 |
| Retail (Max) | 1 | 400 | 134,000.00 |
| S-HNI (Min) | 2 | 800 | 268,000.00 |
Issue Reservation
Book Running Lead Managers
- Isk Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Rajesh Power Services 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.
When will the Rajesh Power Services IPO open for subscription?
The Rajesh Power Services IPO opens on Mon, Nov 25, 2024 and closes on Wed, Nov 27, 2024
What is Rajesh Power Services IPO Price Band?
Rajesh Power Services IPO Price Band is ₹319 to 335 per share.
What is Rajesh Power Services IPO Lot Size?
Rajesh Power Services IPO lot size is 400 shares, Retail investors need a minimum investment of ₹268000 based on the upper price band
What is the minimum investment for Rajesh Power Services IPO?
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.
How to apply for Rajesh Power Services IPO?
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.
What is Rajesh Power Services IPO Issue Size?
Rajesh Power Services IPO issue size is ₹160.47 crores.
What is the Rajesh Power Services IPO Allotment Date?
Rajesh Power Services IPO allotment date is Thu, Nov 28, 2024.
Who is the Rajesh Power Services IPO Registrar?
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.
What is the Rajesh Power Services IPO GMP?
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 46.87% over the issue price.
Who is the Rajesh Power Services IPO Lead Manager?
The book-running lead managers (BRLMs) for the Rajesh Power Services IPO are Isk Advisors Pvt Ltd . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Rajesh Power Services IPO Red Herring Prospectus (RHP).