Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Rulka Electricals IPO is a book build issue of ₹26.40 crores. The issue is a combination of fresh issue of 0.08 crore shares aggregating to ₹19.80 crores and offer for sale of 0.03 crore shares aggregating to ₹6.60 crores.
Rulka Electricals IPO bidding started from May 16, 2024 and ended on May 21, 2024. The allotment for Rulka Electricals IPO was finalized on May 22, 2024. The shares got listed on NSE SME on May 24, 2024.
Rulka Electricals IPO price band is set at ₹235.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,33,800 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,82,000.
Beeline Capital 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 Rulka Electricals IPO RHP for detailed Information.
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | May 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹223 to ₹235 per share |
| Issue Price Final | ₹235 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 11,23,200 shares (aggregating up to ₹26.40 Cr) |
| Reserved for Market Maker | 56,400 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.33 Cr) |
| Fresh Issue (Ex Market Maker) | 7,86,000 shares (aggregating up to ₹18.47 Cr) |
| Offer for Sale | 2,80,800 shares of ₹10 (aggregating up to ₹6.60 Cr) |
| Net Offered to Public | 10,66,800 shares (aggregating up to ₹25.07 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 34,16,000 shares |
| Share Holding Post Issue | 42,58,400 shares |
Rulka Electricals IPO offers total 11,23,200 shares. Out of which 5,32,800 (47.44%) allocated to QIB, 2,13,600 (19.02%) allocated to QIB, 1,60,200 (14.26%) allocated to NII, 3,73,800 (33.28%) allocated to RII and 3,19,200 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 56,400 (5.02%) |
| QIB Shares Offered | 5,32,800 (47.44%) |
| − Anchor Investor Shares Offered | 3,19,200 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 2,13,600 (19.02%) |
| NII (HNI) Shares Offered | 1,60,200 (14.26%) |
| Retail Shares Offered | 3,73,800 (33.28%) |
| Total Shares Offered | 11,23,200 (100.00%) |
Rulka Electricals IPO raises ₹7.50 crore from anchor investors. Rulka Electricals IPO Anchor bid date is May 15, 2024. Rulka Electricals IPO Anchor Investors list
| Bid Date | May 15, 2024 |
| Shares Offered | 3,19,200 |
| Anchor Portion Size (In Cr.) | 7.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 20, 2024 |
Rulka Electricals IPO opens on May 16, 2024, and closes on May 21, 2024.
| IPO Open Date | Thu, May 16, 2024 |
| IPO Close Date | Tue, May 21, 2024 |
| Tentative Allotment | Wed, May 22, 2024 |
| Initiation of Refunds | Thu, May 23, 2024 |
| Credit of Shares to Demat | Thu, May 23, 2024 |
| Tentative Listing Date | Fri, May 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 21, 2024 |
Investors can bid for a minimum of 600 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 | 600 | ₹1,41,000 |
| Retail (Max) | 1 | 600 | ₹1,41,000 |
| HNI (Min) | 2 | 1,200 | ₹2,82,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:-
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.
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,082.09 | 2,826.95 | 1,919.04 | 982.41 |
| Total Income | 6,527.77 | 4,689.78 | 3,627.41 | 1,960.11 |
| Profit After Tax | 565.77 | 280.52 | 112.08 | 53.72 |
| Net Worth | 1,290.15 | 557.33 | 276.82 | 164.74 |
| Reserves and Surplus | 948.55 | 546.33 | 265.82 | 153.74 |
| Total Borrowing | 1,104.89 | 527.07 | 281.46 | 230.99 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Rulka Electricals IPO is ₹100.07 Cr.
KPI as of Thu, Feb 29, 2024.
| KPI | Values |
|---|---|
| ROE | 61.25% |
| ROCE | 33.67% |
| Debt/Equity | 2.16 |
| RoNW | 43.85% |
| PAT Margin | 8.68% |
| Price to Book Value | 6.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.21 | 14.49 |
| P/E (x) | 28.62 | 16.21 |
The company intends to utilize the proceeds of the Offer to meet the following objects: -
[Dilip Davda] The company is providing many services under one roof with major thrust on Electrical, Fire Fighting systems. It marked growth in its top and bottom lines for the reported periods, and major high margin contracts lifted its bottom line. Based on FY24 annualized super earnings, the issue is fully priced. The company serves many blue-chip clients. However, small post-IPO paid-up equity capital indicates longer gestation period for migration. Investors may park funds for the long term rewards. Read detail review...
| Listing Date | May 24, 2024 |
| BSE Script Code | |
| NSE Symbol | RULKA |
| ISIN | INE0R7301013 |
| Final Issue Price | ₹235 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹235.00 |
| Open | ₹525.00 |
| Low | ₹498.75 |
| High | ₹551.25 |
| Last Trade | ₹498.75 |
Rulka Electricals Ltd.
A - 20, Shiva Industrial Estate Co. Ltd.,
Lake Road, Near Tata Power,
Bhandup West
Mumbai, Maharashtra, 400078
Phone: +022 41276806
Email: info@replservices.com
Website: https://www.replservices.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rulka Electricals IPO is a SME IPO of 11,23,200 equity shares of the face value of ₹10 aggregating up to ₹26.40 Crores. The issue is priced at ₹235 per share. The minimum order quantity is 600.
The IPO opens on May 16, 2024, and closes on May 21, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rulka Electricals IPO using UPI as a payment gateway. Zerodha customers can apply in Rulka Electricals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rulka Electricals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rulka Electricals IPO opens on May 16, 2024 and closes on May 21, 2024.
Rulka Electricals IPO lot size is 600, and the minimum amount required for application is ₹1,41,000.
You can apply in Rulka Electricals 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 Rulka Electricals IPO will be done on Wednesday, May 22, 2024, and the allotted shares will be credited to your demat account by Thursday, May 23, 2024. Check the Rulka Electricals IPO allotment status.
The Rulka Electricals IPO listing date is on Friday, May 24, 2024.
Useful Articles
RHP