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Rajesh Power Services Ltd

Infrastructure Developers & Operators

Offer Period :

25th to 27th Nov 2024

Rajesh Power Services Ltd IPO Details

IPO Date 25th to 27th Nov 2024 Minimum Investment ₹134000 / 1 Lots
Listing Date 2024-12-02 Maximum Investment ₹134000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹160.47 Crores
Price ₹335 to ₹335 per share Fresh Issue ₹93.47 Crores
Lot Size 1 Lots (400 Shares) Offer For Sale ₹ 67
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 25th to 27th Nov 2024
Listing Date 2024-12-02
Face Value ₹10 per share
Price ₹335 to ₹335 per share
Lot Size 1 Lots (400 Shares)
Listing At BSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹134000 / 1 Lots
Maximum Investment ₹134000 / 1 Lots
Total Issue Size ₹160.47 Crores
Fresh Issue ₹93.47 Crores
Offer For Sale
Retail Discount ₹ 0

About Rajesh Power Services Limited (RPSL) 

Established in 1971, Rajesh Power Services Limited (RPSL) offers specialized consultancy services to state transmission and distribution companies, private utilities, and industries. RPSL has invested in HKRP Innovations Limited, providing customized IT solutions for the energy sector, including IoT and cloud-based 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). RPSL delivers comprehensive solutions across Renewable and Non-Renewable power segments, including EHV Underground Cables and Transmission Lines, EHV AIS/GIS Substations, and turnkey Distribution Network revamps. Its notable clients include GIFT City Gandhinagar, Gujarat Metro Rail Corporation, Adani Renewables, Reliance Industries, and Hindustan Coca-Cola, among others. With a workforce of 940 employees as of April 2024, RPSL focuses on EPC contracting and expanding its presence in solar energy and hydrogen electrolyzers, maintaining consistent financial growth and healthy profit margins through decades of expertise.

Timeline

Important dates for allocation and IPO listing.

25th Nov

IPO Starts

27th Nov

IPO Ends

28th Nov

Allotment Date

29th Nov

Initiation of Refund

29th Nov

Credit of Shares to Demat Account

2nd Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.4
Public Group 0 26.6

Rajesh Power Services Ltd IPO Reservation

QIB Shares Offered 913600(19.07%)
NII (HNI) Shares Offered 691200(14.43%)
Retail Shares Offered 1604800(33.5%)
Anchor Investor Shares Offered 1336400(27.9%)
Total Shares Offered 4790000
Total Shares With Anchor Investor 4790000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Rajesh Power Services Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Rajesh Power Services Ltd IPO Lead Manager

1. ISK Advisors Pvt Ltd

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Rajesh Power Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 9,13,600 14,93,200 3.0
Non Institutional Investors 9,35,200 54,78,000 2,518.0
Retail Individual Investors (RIIs) 16,04,800 1,27,63,600 31,919.0
Total 34,53,600 1,97,34,800 37,258.0

Strength of Rajesh Power Services Ltd

1. Consistent Financial Performance.

2. Business execution expertise and Strong Order Book of 2,35,817.40 Lakhs.

3. Exploring opportunities to expand business offerings in renewable energy (Solar Energy and Hydrogen Electrolysers).

Risks Involved

1. The company's revenues largely depends on acceptance of the bids submitted to the Government and other agencies. Its performance could be affected in case majority of the bids are not accepted / awarded.

2. The company is engaged in Engineering, Procurement, and Construction (EPC) activity which is working capital intensive.

3. Expansion of Solar Business is at initial stage.

4. There are outstanding legal proceedings involving The Company which may adversely affect its business, financial condition and results of operations.

5. The company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income tax and other applicable laws in the last Three years.

6. The Company has incurred penalties or liabilities for non-compliances with certain provisions of the Companies Act and other applicable laws in the last three Years.

7. One of its objects of the Offer is to set up 1300 Kw DC Solar Plant. The company does not own the land in which its proposed Solar Plant is going to be set up and the same are on lease arrangement with family members of promoter. Any termination of such lease and/or non-renewal thereof and attachment could adversely affect its operations.

8. The company is at an early stage to develop expertise in Hydrogen Electrolyser and it majorly depends upon the execution and implementation of the project as per its plan as it is a long-term project.

9. The company's business is manpower intensive and any unavailability of its employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

10. The company failure's to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under-construction projects may be subject to cost overruns and can impact its reputation and future projects.

Industry Outlook of Rajesh Power Services IPO

- Well-Integrated Transmission Network: India’s transmission segment has evolved from a fragmented network to one of the world’s largest synchronous grids, ensuring seamless electricity flow across regions.

- Focus on Renewable Energy Goals: By 2030, India aims to generate 50% of its energy capacity from non-fossil fuels. This goal necessitates robust investments in inter-state and intra-state transmission networks.

Infrastructure Expansion: As of February 2024, the total transmission line length at 220 kV and above has reached 482,032 circuit kilometers, supported by an alternating current (AC) substation capacity of 1,239 GVA and high-voltage direct current (HVDC) substation capacity of 33,500 MW.

- Consistent Growth: From 2016-17 to 2022-23, the transmission line length has grown at a CAGR of 4.2%. This indicates steady infrastructure development to meet the rising energy demands.

- Investment Opportunities: With increasing electrification needs and ambitious renewable energy targets, the sector promises substantial opportunities for growth and innovation, making Rajesh Power Services IPO an attractive prospect for investors.
 

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Rajesh Power Services IPO.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Rajesh Power Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-12-02 544291 -
INE0VN801010
₹335 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹335 ₹335
Open ₹636.5 ₹0
Low ₹636.5 ₹0
High ₹668.3 ₹0
Low ₹636.5 ₹0

Frequently Asked Questions

What is Rajesh Power Services Ltd IPO?

Answer Field

Rajesh Power Services Ltd IPO is a SME IPO of 47,90,000 equity shares of a face value of ₹10 aggregating up to ₹160.47 Crores. The issue is priced at ₹335 to ₹335 per share. The minimum order quantity is 400 Shares. The IPO opens on November 25, 2024, and closes on November 27, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Rajesh Power Services Ltd IPO will open?

Answer Field

The Rajesh Power Services Ltd IPO opens on November 25, 2024 and closes on November 27, 2024.

What is the lot size of Rajesh Power Services Ltd?

Answer Field

Rajesh Power Services Ltd lot size is 400 shares, and the minimum amount required is ₹1,34,000.

How to apply for Rajesh Power Services Ltd IPO?

Answer Field

You can apply in Rajesh Power Services Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Rajesh Power Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Rajesh Power Services Ltd IPO will be done on November 28, 2024, and the allotted shares will be credited to your demat account by November 29, 2024.

When is Rajesh Power Services Ltd IPO listing date?

Answer Field

The Rajesh Power Services Ltd listing date is December 02, 2024.

Who is the registrar of Rajesh Power Services Ltd IPO?

Answer Field

The registrar of Rajesh Power Services Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ISK Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Rajesh Power Services Ltd IPO?

Answer Field

The fresh issue size is ₹93.47 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Rajesh Power Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 400 shares and ₹1,34,000 amount.

How can I approve the UPI mandate request for Rajesh Power Services Ltd IPO?

Answer Field

To apply for Rajesh Power Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Rajesh Power Services Ltd?

Answer Field

The price of each Rajesh Power Services Ltd share will be ranging in between ₹335 to ₹335 per share.

What is the cut-off time for the UPI mandate for Rajesh Power Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 27, 2024.

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