The Rajesh Power Services IPO is a book-built issue valued at Rs 160.47 crores. The issue consists of a fresh issue of 27.9 lakh shares, which aggregate to Rs 93.47 crores, and an offer for sale of 20 lakh shares, totaling Rs 67.00 crores.
The Rajesh Power Services IPO will open for subscription on November 25, 2024, and close on November 27, 2024. The allotment for the IPO is expected to be finalized on Thursday, November 28, 2024. The IPO is set to be listed on BSE SME, with the tentative listing date scheduled for Monday, December 2, 2024.
The price band for the Rajesh Power Services IPO has been set at ₹320 to ₹335 per share. The minimum lot size for an application is 400 shares, requiring a minimum investment of ₹134,000 for retail investors. For HNI (High Net-Worth Individuals), the minimum lot size is 2 lots (800 shares), amounting to ₹268,000.
Get the Rajesh Power Services IPO RHP for detailed information.
| IPO Date | November 25, 2024 to November 27, 2024 |
| Listing Date | December 2, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 320 to ₹ 335 / Share |
| Lot Size | 400 Shares |
| Total Issue Size | ₹160.47 Cr |
| Fresh Issue | ₹93.47 Cr |
| Offer for Sale | ₹67.00 Cr |
| Employee Discount | |
| 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 sharesInvestors can bid for a minimum of 400 shares, with the option to bid in multiples thereof. The table below illustrates the minimum and maximum investments by retail investors and HNIs in terms of shares and amounts: |
Rajesh Power Services Limited IPO opens on November 25, 2024, and closes on November 27, 2024.
| IPO Open Date | November 25, 2024 |
| IPO Close Date | November 27, 2024 |
| Basis of Allotment | November 28, 2024 |
| Initiation of Refunds | November 29, 2024 |
| Credit of Shares to Demat | November 29, 2024 |
| Listing Date | December 2, 2024 |
| Cut-off time for UPI mandate confirmation | November 27, 2024 |
Investors can bid for a minimum of 400 shares, with the option to bid in multiples thereof. The table below illustrates the minimum and maximum investments by retail investors and HNIs in terms of shares and amounts:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | Rs.134,000 |
| Retail (Max) | 1 | 400 | Rs.134,000 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) | 2 | 800 | Rs.268,000 |
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 61.74% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
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| QIB Shares Offered | Not more than 50.00% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Established in 1971, Rajesh Power Services Limited is a consultancy provider to state transmission and distribution companies, as well as private utilities and industries.
Rajesh Power Services Limited has made an investment in HKRP Innovations Limited (HKRP), which specializes in offering customized IT solutions for the energy sector. HKRP focuses on IoT and cloud-based solutions tailored for power grids and renewable energy. Some of its key offerings include the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).
| KPI | Values |
|---|---|
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt/Equity | 0.92 |
| RoNW | 25.47% |
| P/BV | 4.55 |
| PAT Margin (%) | 8.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.1 | 30.75 |
| P/E (x) | 19.59 | 10.9 |
The objects of the Net Issue for the Rajesh Power Services IPO are to raise funds for the following purposes:
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: [email protected] Website: https://www.rajeshpower.com/ |
Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] |
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