Rajesh Power Services IPO subscription started on Monday November 25, and will close on November 27 as per the schedule. The price band is set at ₹319 to ₹335 per share with a face value of ₹10.
Rajesh Power Services IPO Subscription Status
Rajesh Power Services IPO Subscribed over 59.00x on its last day till 05.00 PM on 27th November.
- Rajesh Power Services IPO subscription QIB investors portion is 46.39x times, while NII subscribed 138.46x times and RII investors subscribed 31.96x times.
- The company has received bids for 18,93,76,000 shares against 32,09,600 shares on offer on the last day.
- Rajesh Power Services IPO Subscribed over 5.15x on day 2.
- Rajesh Power Services IPO Subscribed over 1.90x on day 1.
About Rajesh Power Services IPO
Rajesh Power Services was organized in 1947 and built the capacities to develop the specialization to build, operate, and Preserve solar power plants all over western India. Not only built solar power but also handled substantial projects and a wide variety of solutions including design, consultancy, procurement, execution, testing, and commissioning all onTurkey Basic. Additionally, the promoters of this company Mr. Kurang Ramchandra Panchal and Mr. Rajendra Baldevbhai Patel has prolonged experience and has various plans to grow this company by exploring different opportunities in current fields and renewable energy, like solar power. Revenue of 31 Sep 2024 is 31,785.09 and PAT(Profit After Tax) is 2,768.25. It has invested in HKRP Innovations Limited (HKRP), a company that provides tailored IT solutions for the energy sector. The company plans to raise more funds by launching an IPO worth ₹160.47 crores.
Rajesh Power Services IPO Company Financial Report
The company reported revenue of ₹284.97 crores in 2024 against ₹207.18 crores in 2023. The company reported Profit of ₹26.02 crores in 2024 against Profit of ₹6.75 crores in 2023.
Rajesh Power Services IPO GMP:
Rajesh Power Services IPO GMP was ₹60 as of Wednesday, November 27th. That indicates the IPO is trading at ₹395 with ₹60 premium in the grey market against the issue price of ₹335.
