Rajesh Power IPO Date, Review, Price, Allotment Details

Rajesh Power Services IPO open date is November 25, 2024 and the IPO will close on November 27, 2024. Rajesh Power Services IPO is a Book Built Issue. The company to raise around ₹160.46 crores via IPO that comprises fresh issue of ₹93.46 crores and offer for sale up to ₹67 Crores, 20,00,000 equity shares with face value of ₹10 each.

Rajesh Power Services IPO price band is ₹320 to ₹335 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Rajesh Power Services IPO to list on BSE on December 2, 2024. The allotment of Rajesh Power Services IPO date is November 28, 2024.

The company reported revenue of ₹284.97 crores in 2024 against ₹207.18 crore in 2023. The company reported Profit of ₹26.02 crores in 2024 against Profit of ₹6.75 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Rajesh Power Services IPO Details

IPO Open Date:November 25, 2024
IPO Close Date:November 27, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹320 to ₹335 Per Share
Issue Size:Approx ₹160.47 Crores
Fresh Issue:Approx ₹93.47 Crores
Offer for Sale:Approx 2,000,000 Equity Shares
Issue Type:Book Built Issue
IPO Listing:BSE SME
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Rajesh Power Services IPO Market Lot

The Rajesh Power Services IPO minimum market lot is 400 shares with ₹134,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum1400₹134,000
Retail Maximum1400₹134,000
S-HNI Minimum2800₹268,000

Rajesh Power Services IPO Dates

The Rajesh Power Services IPO date is November 25 and the close date is November 27. The Rajesh Power Services IPO allotment will be finalized on November 28 and the IPO listing on December 2.

IPO Open Date:November 25, 2024
IPO Close Date:November 27, 2024
Basis of Allotment:November 28, 2024
Refunds:November 29, 2024
Credit to Demat Account:November 29, 2024
IPO Listing Date:December 2, 2024

Promoters of Rajesh Power Services IPO

The promoters of the company are Mr. Rajendra Baldevbhai Patel, Mr. Kurang Ramchandra Panchal, Mr. Kaxil Prafulbhai Patel And Mr. Utsav Nehal Panchal.

About Rajesh Power Services IPO

Rajesh Power Services Limited 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 have prolonged experience and have various plans to grow this company by exploring different opportunities in current field 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 crore in 2023. The company reported Profit of ₹26.02 crores in 2024 against Profit of ₹6.75 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹146.81₹144.97₹3.45₹175.63
2023₹207.18₹202.58₹6.75₹198.23
2024₹284.97₹261.00₹26.02₹240.39

Rajesh Power Services IPO Valuation – FY2024

Check Rajesh Power Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:36.41%
ROCE:29.99%
EBITDA Margin:10.84%
PAT Margin:9.13%
Debt to equity ratio:NA
Earning Per Share (EPS):₹17.10 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):30.87%
Net Asset Value (NAV):₹55.40

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Advait Infratech Limited21.4588.6828.65%73.00207.44 Cr.
Kay cee Energy and Infra Limited7.6142.4914.67%40.7264.47 Cr.
Viviana Power Tech Limited10.9674.0826.73%41.0265.53 Cr.

Objects of the Issue

  • Capital Expenditure:
    • Purchase of cable identification, testing and fault location equipments
    • Setting up of DC Solar Power Plant having a capacity of 1300 KW;
    • Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers
  • Additional Working Capital Requirement
  • General Corporate Purposes.

Rajesh Power Services IPO Review

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Rajesh Power Services IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html

IPO Lead Managers aka Merchant Bankers

  • Isk Advisors Pvt Ltd

Company Address

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: [email protected]
Website: https://www.rajeshpower.com/

Rajesh Power Services IPO FAQs

What is Rajesh Power Services IPO?

Rajesh Power Services IPO is a SME IPO. The company is going to raise ₹160.47 Crores via IPO. The issue is priced at ₹320 to ₹335 per equity share. The IPO is to be listed on BSE.

When Rajesh Power Services IPO will open for subscription?

The IPO is to open on November 25 for QIB, NII, and Retail Investors. The IPO will close on November 27.

What is Rajesh Power Services IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Rajesh Power Services IPO?

You can apply for Rajesh Power Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Rajesh Power Services IPO Issue Size?

Rajesh Power Services IPO issue size is ₹160.47 crores.

What is Rajesh Power Services IPO Price Band?

Rajesh Power Services IPO Price Band is ₹320 to ₹335.

What is Rajesh Power Services IPO Lot Size?

The minimum bid is 400 Shares with ₹134,000 amount.

What is the Rajesh Power Services IPO Allotment Date?

Rajesh Power Services IPO allotment date is November 28.

What is the Rajesh Power Services IPO Listing Date?

Rajesh Power Services IPO listing date is December 2. The IPO is to list on BSE.

Note: The Rajesh Power Services IPO price band and date are officially announced. The (Rajesh Power Services IPO grey market premium) will be added to the IPO GMP page as it will start).
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