Rajesh Power Services IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 25 to Nov 27 2024
Price Band
₹319 - 335
Current GMP
₹636.5(90.0%)
Subscription
59.00 times
IPO Details
| IPO Date | November 25, 2024 to November 27, 2024 |
| Listing Date | Monday, December 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹319 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 |
| Share holding pre issue | 15,217,392 |
| Share holding post issue | 18,007,392 |
| Market Maker portion | 244,000 shares Sunflower Broking |
IPO Date
November 25, 2024 to November 27, 2024
Listing Date
Monday, December 2, 2024
Face Value
₹10 per share
Price Band
₹319 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
Share holding pre issue
15,217,392
Share holding post issue
18,007,392
Market Maker portion
244,000 shares Sunflower Broking
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 46.39 |
| Non-Institutional Buyers*** | 138.46 |
| Retail Investors | 31.96 |
| Total ** | 59.00 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
46.39
Non-Institutional Buyers***
138.46
Retail Investors
31.96
Total **
59.00
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Nov 25, 2024 | 0.00 | 2.35 | 2.79 | 1.90 |
| Day 2 Nov 26, 2024 | 1.63 | 5.49 | 7.01 | 5.15 |
| Day 3 Nov 27, 2024 | 46.39 | 138.46 | 31.96 | 59.00 |
DayDay 1
Nov 25, 2024
QIB0.00
NII*2.35
Retail2.79
Total1.90
DayDay 2
Nov 26, 2024
QIB1.63
NII*5.49
Retail7.01
Total5.15
DayDay 3
Nov 27, 2024
QIB46.39
NII*138.46
Retail31.96
Total59.00
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-12-2024 | 335.00 | 157(46.87%) | 492 |
| 01-12-2024 | 335.00 | 144(42.99%) | 479 |
| 30-11-2024 | 335.00 | 140(41.79%) | 475 |
| 29-11-2024 | 335.00 | 126(37.61%) | 461 |
| 28-11-2024 | 335.00 | 98(29.25%) | 433 |
| 27-11-2024 | 335.00 | 81(24.18%) | 416 |
| 26-11-2024 | 335.00 | 60(17.91%) | 395 |
| 25-11-2024 | 335.00 | 70(20.9%) | 405 |
| 24-11-2024 | 335.00 | 90(26.87%) | 425 |
| 23-11-2024 | 335.00 | 90(26.87%) | 425 |
| 22-11-2024 | 335.00 | 90(26.87%) | 425 |
| 21-11-2024 | 335.00 | 111(33.13%) | 446 |
| 20-11-2024 | 335.00 | 111(33.13%) | 446 |
| 19-11-2024 | 335.00 | 50(14.93%) | 385 |
| 18-11-2024 | 335.00 | 0(0%) | 335 |
| 17-11-2024 | 335.00 | 0(0%) | (0%) |
| 16-11-2024 | 335.00 | 0(0%) | (0%) |
Date02-12-2024
Price335.00
GMP157(46.87%)
Estimate List Price492
Date01-12-2024
Price335.00
GMP144(42.99%)
Estimate List Price479
Date30-11-2024
Price335.00
GMP140(41.79%)
Estimate List Price475
Date29-11-2024
Price335.00
GMP126(37.61%)
Estimate List Price461
Date28-11-2024
Price335.00
GMP98(29.25%)
Estimate List Price433
Date27-11-2024
Price335.00
GMP81(24.18%)
Estimate List Price416
Date26-11-2024
Price335.00
GMP60(17.91%)
Estimate List Price395
Date25-11-2024
Price335.00
GMP70(20.9%)
Estimate List Price405
Date24-11-2024
Price335.00
GMP90(26.87%)
Estimate List Price425
Date23-11-2024
Price335.00
GMP90(26.87%)
Estimate List Price425
Date22-11-2024
Price335.00
GMP90(26.87%)
Estimate List Price425
Date21-11-2024
Price335.00
GMP111(33.13%)
Estimate List Price446
Date20-11-2024
Price335.00
GMP111(33.13%)
Estimate List Price446
Date19-11-2024
Price335.00
GMP50(14.93%)
Estimate List Price385
Date18-11-2024
Price335.00
GMP0(0%)
Estimate List Price335
Date17-11-2024
Price335.00
GMP0(0%)
Estimate List Price(0%)
Date16-11-2024
Price335.00
GMP0(0%)
Estimate List Price(0%)
IPO Important Dates
| 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 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹134,000 |
| Retail (Max) | 1 | 400 | ₹134,000 |
| HNI (Min) | 2 | 800 | ₹268,000 |
ApplicationRetail (Min)
Lots1
Shares400
Amount₹134,000
ApplicationRetail (Max)
Lots1
Shares400
Amount₹134,000
ApplicationHNI (Min)
Lots2
Shares800
Amount₹268,000
Key Performance Indicator
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt/Equity | 0.92 |
| RoNW | 25.47% |
| P/BV | 4.55 |
| PAT Margin (%) | 8.11 |
| EPS (Rs) | 17.1 |
ROE
24.89%
ROCE
25.61%
Debt/Equity
0.92
RoNW
25.47%
P/BV
4.55
PAT Margin (%)
8.11
EPS (Rs)
17.1
IPO Reservation
| Anchor Investor Shares Offered | 1,336,400 (27.90%) |
| Market Maker Shares Offered | 244,000 (5.09%) |
| QIB Shares Offered | 913,600 (19.07%) |
| NII (HNI) Shares Offered | 691,200 (14.43%) |
| Retail Shares Offered | 1,604,800 (33.50%) |
| Total Shares Offered | 4,790,000 (100%) |
Anchor Investor Shares Offered
1,336,400 (27.90%)
Market Maker Shares Offered
244,000 (5.09%)
QIB Shares Offered
913,600 (19.07%)
NII (HNI) Shares Offered
691,200 (14.43%)
Retail Shares Offered
1,604,800 (33.50%)
Total Shares Offered
4,790,000 (100%)
Information about company
Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies and private utilities and industries.
Rajesh Power Services Limited has invested in HKRP Innovations Limited (HKRP), which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, providing tools like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).
The company offers services to both the Renewable and Non-Renewable segments of the power sector.
The company provides the following services
EHV Underground Cables and Transmission Lines
EHV AIS/GIS Substations including Civil Works
HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
Revamping the entire Distribution Network including Substations, RMUs, Transformers & Cables on Turnkey Basis
Power Supply Arrangement Projects for Solar Power Plants
Operation and Maintenance of EHV, HV, MV & LV Substations
Operation and Maintenance of EHV, HV, MV & LV Transmission and Distribution Network
The company clients include GIFT City, Gandhinagar; Gujarat Metro Rail Corporation Ltd., Gandhinagar; , IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., Dholera; Jay Chemicals Ltd., Saykha; Sabar Dairy, Himmatnagar; Grindwell Norton Limited (Saint Gobain), Hindustan Coca Cola and so on and so forth.
Rajesh Power Services Ltd. (RPSL) specializes in EPC contracting and providing services to power transmission and distribution utilities.
Cometitive 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.
As of April 1, 2024, the Company employs 940 people in various departments.
Objectives of IPO
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.
Disclaimer
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