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 1.90x on its first day till 05.00 PM on 25th November.
- Rajesh Power Services IPO subscription QIB investors portion is 0.00x times, while NII subscribed 2.35x times and RII investors subscribed 2.79x times.
- The company has received bids for 61,04,000 shares against 32,09,600 shares on offer on the first day.
- 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 crore 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 ₹90 as of Monday, November 25th. That indicates the IPO is trading at ₹425 with ₹90 premium in the grey market against the issue price of ₹335.
