Rajesh Power Services Limited
Nov 25, 2024 - Nov 27, 2024
Rajesh Power Services Limited IPO Details
SME
Status
listed
Issue Price
₹320.00 - ₹335.00
Lot Size
400 Shares
Subscription
59 times
Listing Price
₹636.5 (90%)
Face Value
₹10 Per share
Issue Size
Approx ₹160.47 Cr
Fresh Issue
Approx ₹93.47 Cr
Total Shares Offered
Approx ₹67 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE SME
Registrar
Bigshare Services Pvt Ltd
BSE Code
544291
IPO Tentative Timetable
Open Date
Mon Nov 25 2024
Close Date
Wed Nov 27 2024
Allotment Date
Thu Nov 28 2024
Refunds Initiation
Fri Nov 29 2024
Demat Transfer
Fri Nov 29 2024
Listing Date
Mon Dec 02 2024
Valuation
Earning Per Share (EPS)
₹17.10
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
30.87%
Net Asset Value (NAV)
₹55.40
Promoters
Pre issue Share Holding
100%
Post issue Share Holding
-
Company Promoters
- Mr. Rajendra Baldevbhai Patel
- Mr. Kurang Ramchandra Panchal
- Mr. Kaxil Prafulbhai Patel
- Mr. Utsav Nehal Panchal
Lead Managers
Isk Advisors Pvt Ltd
Live Subscription
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Nov 25, 2024 | 0.00 | 2.35 | 2.79 | 1.90 |
| Nov 26, 2024 | 1.63 | 5.49 | 7.01 | 5.15 |
| Nov 27, 2024 | 46.39 | 138.46 | 31.96 | 59.00 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹134,000 |
| Retail (Max) | 1 | 400 | ₹134,000 |
| HNI (Min) | 2 | 800 | ₹268,000 |
Key Performance Indicator
| - | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs) | 17.1 | 14.45 |
| P/E (x) | 19.59 | 23.18 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 13,36,400 (27.9%) |
| Market Maker Shares Offered | 2,44,000 (5.09%) |
| QIB Shares Offered | 9,13,600 (19.07%) |
| NII (HNI) Shares Offered | 6,91,200 (14.43%) |
| Retail Shares Offered | 16,04,800 (33.5%) |
| Total Shares Offered | 47,90,000 (100%) |
Company Financial
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 24,039.00 | 19,823.38 | 17,562.82 |
| Revenue | 29,506.07 | 21,117.57 | 14,936.84 |
| Profit After Tax | 2,602.29 | 675.15 | 344.60 |
| Net Worth | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves and Surplus | 6,908.31 | 4,344.06 | 3,706.95 |
| Total Borrowing | 7,767.08 | 5,971.20 | 6,243.33 |
About Company
Established in 1971, Rajesh Power Services Limited (RPSL) provides consulting services to both government and private energy companies, focusing on power transmission and distribution. The company has invested in HKRP Innovations Limited (HKRP), which creates custom IT solutions for the energy sector, including IoT and cloud-based tools. These tools support power grids and renewable energy management with systems like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring for Oil Wells (RTMS), and Solar Energy Data Management (SEDM). RPSL serves both renewable and non-renewable power sectors.
RPSL offers various services, including:
- Installation and maintenance of Extra High Voltage (EHV) underground cables and transmission lines
- EHV AIS/GIS substations with civil engineering support
- Installation of HV/MV/LV underground cables and overhead MVCC conductors
- Complete revamping of distribution networks, including substations, RMUs, transformers, and cables on a turnkey basis
- Power supply arrangements for solar plants
- Operation and maintenance of EHV, HV, MV, and LV substations, transmission, and distribution networks
The company’s clients include organizations like GIFT City, Gujarat Metro Rail, IFFCO, Adani Renewables, Prestige, Reliance Industries, Torrent Power, Dholera, Jay Chemicals, Sabar Dairy, Grindwell Norton (Saint Gobain), and Hindustan Coca Cola.
RPSL specializes in EPC (Engineering, Procurement, and Construction) contracting for power transmission and distribution. Some strengths that make the company competitive are:
- Consistent financial growth with healthy profit margins
- Over 20 years of successfully completing power projects as an EPC contractor
- Plans to grow in renewable energy, focusing on solar energy and hydrogen electrolyzers
As of April 1, 2024, RPSL employs 940 people across various roles.
RPSL offers various services, including:
- Installation and maintenance of Extra High Voltage (EHV) underground cables and transmission lines
- EHV AIS/GIS substations with civil engineering support
- Installation of HV/MV/LV underground cables and overhead MVCC conductors
- Complete revamping of distribution networks, including substations, RMUs, transformers, and cables on a turnkey basis
- Power supply arrangements for solar plants
- Operation and maintenance of EHV, HV, MV, and LV substations, transmission, and distribution networks
The company’s clients include organizations like GIFT City, Gujarat Metro Rail, IFFCO, Adani Renewables, Prestige, Reliance Industries, Torrent Power, Dholera, Jay Chemicals, Sabar Dairy, Grindwell Norton (Saint Gobain), and Hindustan Coca Cola.
RPSL specializes in EPC (Engineering, Procurement, and Construction) contracting for power transmission and distribution. Some strengths that make the company competitive are:
- Consistent financial growth with healthy profit margins
- Over 20 years of successfully completing power projects as an EPC contractor
- Plans to grow in renewable energy, focusing on solar energy and hydrogen electrolyzers
As of April 1, 2024, RPSL employs 940 people across various roles.
Company Contact
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: cs@rajeshpower.com
Website: https://www.rajeshpower.com/
Registrar Contact
bigshare services pvt ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com