Rulka Electricals IPO Logo

Rulka Electricals IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates May 16 to May 21 2024
Price Band ₹223 - 235
Current GMP ₹525(123.40%)
Subscription 676.83 times

IPO Details

IPO Date
May 16, 2024 to May 21, 2024
Listing Date
Friday, May 24, 2024
Face Value
₹10 per share
Price Band
₹223 to ₹235 per share
Lot Size
600 Shares
Total Issue Size
1,123,200 shares (aggregating up to ₹26.40 Cr)
Fresh Issue
842,400 shares (aggregating up to ₹19.80 Cr)
Offer for Sale
280,800 shares of ₹10 (aggregating up to ₹6.60 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
3,416,000
Share holding post issue
4,258,400
Market Maker portion
56,400 shares Sunflower Broking

IPO Subscription Details

Anchor Investors
1
Qualified Institutions
204.22
Non-Institutional Buyers***
1,350.15
Retail Investors
658.32
Total **
676.83

Day Wise Sub

DayDay 1 May 16, 2024
QIB1.01
NII*5.26
Retail10.78
Total6.81
DayDay 2 May 17, 2024
QIB4.62
NII*27.62
Retail52.84
Total33.66
DayDay 3 May 21, 2024
QIB204.22
NII*1,350.15
Retail658.32
Total676.83

Day Wise GMP

Date24-05-2024
Price235.00
GMP410(174.47%)
Estimate List Price645
Date23-05-2024
Price235.00
GMP410(174.47%)
Estimate List Price645
Date22-05-2024
Price235.00
GMP410(174.47%)
Estimate List Price645
Date21-05-2024
Price235.00
GMP400(170.21%)
Estimate List Price635
Date20-05-2024
Price235.00
GMP300(127.66%)
Estimate List Price535
Date19-05-2024
Price235.00
GMP275(117.02%)
Estimate List Price510
Date18-05-2024
Price235.00
GMP240(102.13%)
Estimate List Price475
Date17-05-2024
Price235.00
GMP240(102.13%)
Estimate List Price475
Date16-05-2024
Price235.00
GMP205(87.23%)
Estimate List Price440
Date15-05-2024
Price235.00
GMP100(42.55%)
Estimate List Price335
Date14-05-2024
Price235.00
GMP65(27.66%)
Estimate List Price300
Date13-05-2024
Price235.00
GMP65(27.66%)
Estimate List Price300
Date12-05-2024
Price235.00
GMP0(0.0%)
Estimate List Price235
Date11-05-2024
Price235.00
GMP0(0.0%)
Estimate List Price235

IPO Important Dates

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

ApplicationRetail (Min)
Lots1
Shares600
Amount₹141,000
ApplicationRetail (Max)
Lots1
Shares600
Amount₹141,000
ApplicationHNI (Min)
Lots2
Shares1,200
Amount₹282,000

Financial Information

Period EndedPeriod Ended
29 Feb 202429 Feb 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
29 Feb 20244,082.09
31 Mar 20232,826.95
31 Mar 20221,919.04
Period EndedRevenue
29 Feb 20246,527.77
31 Mar 20234,689.78
31 Mar 20223,627.41
Period EndedProfit After Tax
29 Feb 2024565.77
31 Mar 2023280.52
31 Mar 2022112.08
Period EndedNet Worth
29 Feb 20241,290.15
31 Mar 2023557.33
31 Mar 2022276.82
Period EndedReserves and Surplus
29 Feb 2024948.55
31 Mar 2023546.33
31 Mar 2022265.82
Period EndedTotal Borrowing
29 Feb 20241,104.89
31 Mar 2023527.07
31 Mar 2022281.46

Key Performance Indicator

ROE
61.25%
ROCE
33.67%
Debt/Equity
2.16
RoNW
43.85%
P/BV
6.22
PAT Margin (%)
8.68
EPS (Rs)
8.21

IPO Reservation

Anchor Investor Shares Offered
319,200 (28.42%)
Market Maker Shares Offered
56,400 (5.02%)
QIB Shares Offered
213,600 (19.02%)
NII (HNI) Shares Offered
160,200 (14.26%)
Retail Shares Offered
373,800 (33.28%)
Total Shares Offered
1,123,200 (100%)

Information about company

Founded in May 2013, Rulka Electricals Limited is an electrical and Fire-Fighting solutions company. The company offers various services, including electrical solutions, electrical panels, solar EPC contracts, turn-key electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data and voice cabling installation. These services cater to various sectors such as industrial, commercial, retail, and theatre. The company's integrated operations encompass designing, supplying, installing, testing, and commissioning the project. The company generates 100% of its revenue through Turnkey Projects, which include both material and labor along with engineering, design, and consulting services. The company's services can be divided into the following categories:- Electrical Services Fire Fighting Systems Security Systems Public Address Systems Access Control Systems Audio-Video Systems Services CCTV Systems Service IT & Networking Services Solar Systems The company is ISO 9001:2015 certified for its quality management systems. As of February 29th, 2024, the company has 92 employees on its payroll.

Objectives of IPO

The company intends to utilize the proceeds of the Offer to meet the following objects: - To Meet Working Capital Requirement General Corporate Purpose To Meet the Offer Expenses

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App