Bookbuilding IPO | ₹26 Cr | Listed at NSE SME | Thu, May 16, 2024 - Tue, May 21, 2024
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 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,41,000 (600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, May 16, 2024
IPO Close
Tue, May 21, 2024
Issue Price
₹235 per share
Market Cap (Pre-IPO)
₹100.07 Cr
| IPO Date | 16 to 21 May, 2024 |
| Listed on | Fri, May 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹223 to ₹235 |
| Issue Price | ₹235 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 11,23,200 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 56,400 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 7,86,000 shares (agg. up to ₹18 Cr) |
| Offer for Sale | 2,80,800 shares of ₹10 (agg. up to ₹7 Cr) |
| Net Offered to Public | 10,66,800 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 34,16,000 shares |
| Share Holding Post Issue | 42,58,400 shares |
| NSE Symbol | RULKA |
| ISIN | INE0R7301013 |
Rulka Electricals IPO comprises a total issue size of 11,23,200 shares. The net offer to the public is 10,66,800 shares, after excluding 56,400 shares allotted on a firm basis. Of the Net offer 5,32,800 (49.94%) are allocated to QIB, 1,60,200 (15.02%) allocated to NII 3,73,800 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 5,32,800 | 49.94% | 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 | 15.02% | 14.26% |
| Retail Shares Offered | 3,73,800 | 35.04% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 56,400 | 5.02% | |
| Total Shares Offered | 11,23,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
Rulka Electricals IPO raises ₹7.50 crore from anchor investors. Rulka Electricals IPO Anchor bid date is May 15, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, May 15, 2024 |
| Shares Offered | 3,19,200 |
| Anchor Portion (₹ Cr.) | 7.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jun 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Aug 20, 2024 |
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 | 40.82 | 28.27 | 19.19 | 9.82 |
| Total Income | 65.28 | 46.90 | 36.27 | 19.60 |
| Profit After Tax | 5.66 | 2.81 | 1.12 | 0.54 |
| NET Worth | 12.90 | 5.57 | 2.77 | 1.65 |
| Reserves and Surplus | 9.49 | 5.46 | 2.66 | 1.54 |
| Total Borrowing | 11.05 | 5.27 | 2.81 | 2.31 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 14.00 |
| 2 | General corporate purposes | 4.82 |
| KPI | Feb 29, 2024 |
|---|---|
| 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 (₹) | 8.21 | 14.49 |
| P/E (x) | 28.62 | 16.21 |
| Promoter Holding | 86.28% | 69.22% |
| Market Cap | ₹100.07 Cr. |
The Rulka Electricals IPO is subscribed 676.83 times on May 21, 2024 6:19:56 PM (Day 3). The public issue subscribed 658.32 times in the retail category, 204.22 times in the QIB category, and 1,350.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 204.22 | 2,13,600 | 4,36,21,800 |
| NII* | 1,350.15 | 1,60,200 | 21,62,94,600 |
| Retail | 658.32 | 3,73,800 | 24,60,79,800 |
| Total | 676.83 | 7,47,600 | 50,59,96,200 |
Total Application : 4,10,134
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 0.25 |
| 2 | Brokerage, selling commission and upload fees | 0.05 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.85 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹235.00 |
| Open | ₹525.00 |
| Low | ₹498.75 |
| High | ₹551.25 |
| Last Trade | ₹498.75 |
Lead Manager Reports
Rulka Electricals IPO is a SME IPO of 11,23,200 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹235 per share. The minimum order quantity is 600.
The IPO opens on Thu, May 16, 2024, and closes on Tue, 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 Thu, May 16, 2024 and closes on Tue, 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 Thu, May 23, 2024. Check the Rulka Electricals IPO allotment status.
The Rulka Electricals IPO listing date is on Fri, May 24, 2024.
