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Rajesh Power IPO is a book build issue of ₹160.47 crores. The issue is a combination of fresh issue of 0.28 crore shares aggregating to ₹93.47 crores and offer for sale of 0.20 crore shares aggregating to ₹67.00 crores.
Rajesh Power IPO bidding started from Nov 25, 2024 and ended on Nov 27, 2024. The allotment for Rajesh Power IPO was finalized on Nov 28, 2024. The shares got listed on BSE SME on Dec 2, 2024.
Rajesh Power IPO price band is set at ₹335.00 per share . The lot size for an application is 400. The minimum amount of investment required by an retail is ₹1,27,600 (400 shares). The minimum lot size investment for HNI is 2 lots (800 shares), amounting to ₹2,68,000.
ISK Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Rajesh Power IPO RHP for detailed Information.
| IPO Date | November 25, 2024 to November 27, 2024 |
| Listing Date | December 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹319 to ₹335 per share |
| Issue Price Final | ₹335 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 47,90,000 shares (aggregating up to ₹160.47 Cr) |
| Reserved for Market Maker | 2,44,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹8.17 Cr) |
| Fresh Issue (Ex Market Maker) | 25,46,000 shares (aggregating up to ₹85.29 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (aggregating up to ₹67.00 Cr) |
| Net Offered to Public | 45,46,000 shares (aggregating up to ₹152.29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,52,17,392 shares |
| Share Holding Post Issue | 1,80,07,392 shares |
Rajesh Power Services IPO offers total 47,90,000 shares. Out of which 22,50,000 (46.97%) allocated to QIB, 9,13,600 (19.07%) allocated to QIB, 6,91,200 (14.43%) allocated to NII, 16,04,800 (33.50%) allocated to RII and 13,36,400 (27.90%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,44,000 (5.09%) |
| QIB Shares Offered | 22,50,000 (46.97%) |
| − Anchor Investor Shares Offered | 13,36,400 (27.90%) |
| − QIB (Ex. Anchor) Shares Offered | 9,13,600 (19.07%) |
| NII (HNI) Shares Offered | 6,91,200 (14.43%) |
| Retail Shares Offered | 16,04,800 (33.50%) |
| Total Shares Offered | 47,90,000 (100.00%) |
Rajesh Power IPO raises ₹44.77 crore from anchor investors. Rajesh Power IPO Anchor bid date is November 22, 2024. Rajesh Power IPO Anchor Investors list
| Bid Date | November 22, 2024 |
| Shares Offered | 13,36,400 |
| Anchor Portion Size (In Cr.) | 44.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 26, 2025 |
Rajesh Power IPO opens on November 25, 2024, and closes on November 27, 2024.
| IPO Open Date | Mon, Nov 25, 2024 |
| IPO Close Date | Wed, Nov 27, 2024 |
| Tentative Allotment | Thu, Nov 28, 2024 |
| Initiation of Refunds | Fri, Nov 29, 2024 |
| Credit of Shares to Demat | Fri, Nov 29, 2024 |
| Tentative Listing Date | Mon, Dec 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 27, 2024 |
Investors can bid for a minimum of 400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹1,34,000 |
| Retail (Max) | 1 | 400 | ₹1,34,000 |
| HNI (Min) | 2 | 800 | ₹2,68,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
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
As of April 1, 2024, the Company employs 940 people in various departments.
Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33,822.42 | 24,039.00 | 19,823.38 | 17,562.82 |
| Total Income | 31,785.09 | 29,506.07 | 21,117.57 | 14,936.84 |
| Profit After Tax | 2,768.25 | 2,602.29 | 675.15 | 344.60 |
| Net Worth | 11,122.22 | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves and Surplus | 9,600.48 | 6,908.31 | 4,344.06 | 3,706.95 |
| Total Borrowing | 7,973.04 | 7,767.08 | 5,971.20 | 6,243.33 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Rajesh Power IPO is ₹603.25 Cr.
KPI as of Mon, Sep 30, 2024.
| KPI | Values |
|---|---|
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt/Equity | 0.92 |
| RoNW | 25.47% |
| PAT Margin | 8.11% |
| Price to Book Value | 4.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 17.10 | 30.75 |
| P/E (x) | 19.59 | 10.9 |
The Objects of the Net Issue is to raise funds for:
[Dilip Davda] The company is engaged in the business of providing all sort of services for renewable and non-renewable energy sectors. It marked quantum jump in its top and bottom lines from FY24 onwards. The company has an order book worth Rs. 2358.17 cr. as of the date of filing this offer document. Based on FY25 annualized super earnings, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
| Period Ended | 30 Sep 2024 |
| Consolidated | |
| Assets | 34,726.58 |
| Revenue | 32,184.96 |
| Profit After Tax | 2,854.72 |
| Net Worth | 11,208.68 |
| Reserves and Surplus | 9,686.94 |
| Total Borrowing | 8,102.71 |
| Listing Date | December 2, 2024 |
| BSE Script Code | 544291 |
| NSE Symbol | |
| ISIN | INE0VN801010 |
| Final Issue Price | ₹335 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹335.00 |
| Open | ₹636.50 |
| Low | ₹636.50 |
| High | ₹668.30 |
| Last Trade | ₹668.30 |
Rajesh Power Services Ltd.
380/3, Siddhi House, Opp. Lal Bunglows
B/H Sasuji Dinning Hall, Off C.G. Road,
Navrangpura Ahmedabad - 380006,
Ahmedabad, Gujarat
Phone: +91 6358736465
Email: cs@rajeshpower.com
Website: https://www.rajeshpower.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rajesh Power IPO is a SME IPO of 47,90,000 equity shares of the face value of ₹10 aggregating up to ₹160.47 Crores. The issue is priced at ₹335 per share. The minimum order quantity is 400.
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.
Zerodha customers can apply online in Rajesh Power IPO using UPI as a payment gateway. Zerodha customers can apply in Rajesh Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajesh Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajesh Power IPO opens on November 25, 2024 and closes on November 27, 2024.
Rajesh Power IPO lot size is 400, and the minimum amount required for application is ₹1,34,000.
You can apply in Rajesh Power IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rajesh Power IPO will be done on Thursday, November 28, 2024, and the allotted shares will be credited to your demat account by Friday, November 29, 2024. Check the Rajesh Power IPO allotment status.
The Rajesh Power IPO listing date is on Monday, December 2, 2024.
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