Rajesh Power Services IPO
IPO Details
- Open Date
25 Nov 2024
- Close Date
27 Nov 2024
- IPO Price Range
₹ 320 to ₹ 335
- IPO Size
₹ 160.47 Cr
- Listing Exchange
BSE SME
- Listing Date
02 Dec 2024
IPO Timeline
Rajesh Power Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Nov-24 | 0.00 | 2.35 | 2.79 | 1.90 |
| 26-Nov-24 | 1.63 | 5.49 | 7.01 | 5.15 |
| 27-Nov-24 | 46.39 | 138.46 | 31.96 | 59.00 |
Last Updated: 27 November 2024 6:54 PM by 5Paisa
Rajesh Power Services IPO is set to open on 25 November 2024 and will close on 27 November 2024. Rajesh Power Services
The IPO is a combination of fresh issue of 0.28 Cr shares aggregating to ₹93.47 Cr and offer for sale of 0.20 Cr aggregating to ₹67.00 Cr. The price band is set at ₹320 to ₹335 per share and the lot size is 400 shares.
The allotment is scheduled to be finalised on 28 November 2024. It will go public on BSE SME, with a tentative listing date of 2 December 2024.
Isk Advisors Pvt Ltd is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.
Rajesh Power IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹160.47 Cr. |
| Offer For Sale | ₹67.00 Cr. |
| Fresh Issue | ₹93.47 Cr. |
Rajesh Power IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹134,000 |
| Retail (Max) | 1 | 400 | ₹134,000 |
| HNI (Min) | 2 | 800 | ₹268,000 |
Rajesh Power IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 46.39 | 9,13,600 | 4,23,84,000 | 1,419.86 |
| NII (HNI) | 138.46 | 6,91,200 | 9,57,02,400 | 3,206.03 |
| Retail | 31.96 | 16,04,800 | 5,12,89,600 | 1,718.20 |
| Total | 59.00 | 32,09,600 | 18,93,76,000 | 6,344.10 |
Rajesh Power IPO Anchor Allocation
| Anchor Bid Date | 22 November, 2024 |
| Shares Offered | 1,336,400 |
| Anchor portion Size (In ₹ Cr.) | 44.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | 28 December, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 26February, 2025 |
1. Capital Expenditure:
- Purchase of cable identification, testing and fault location equipments
- Setting up of DC Solar Power Plant;
- Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment.
2. Additional Working Capital Requirement
3. General Corporate Purposes.
Established in 1971, Rajesh Power Services Limited (RPSL) is a leading EPC contractor specialising in services for power transmission and distribution utilities. The company caters to both renewable and non-renewable energy sectors, providing end-to-end solutions such as EHV underground cables, AIS/GIS substations, HV/MV/LV cable laying, and turnkey distribution network revamping. Additionally, RPSL offers power supply arrangements for solar plants and comprehensive operation and maintenance services for substations and transmission networks.
Rajesh Power Services has also invested in HKRP Innovations Limited, a firm delivering customised IoT and cloud-based IT solutions for the energy sector, including tools like the Smart Feeder Management System (SFMS) and Solar Energy Data Management (SEDM). The company's clientele spans prominent organisations such as GIFT City, Gujarat Metro Rail Corporation, Adani Renewables, Reliance Industries, Torrent Power, and Hindustan Coca-Cola. With over five decades of expertise, RPSL continues to drive innovation and excellence in the energy industry.
Peers
Advait Infratech Limited
Kaycee Energy and Infra Limited
Viviana Power Tech Limited
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 295.06 | 211.18 | 149.37 |
| EBITDA | 31.98 | 12.55 | 10.23 |
| PAT | 26.02 | 6.75 | 3.45 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 240.39 | 198.23 | 175.63 |
| Share Capital | 15.22 | 15.22 | 15.22 |
| Total Borrowings | 77.67 | 59.71 | 62.43 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 14.66 | 15.36 | 6.52 |
| Net Cash Generated From / (used in) investing activities | 6.30 | -5.43 | -19.03 |
| Net Cash Generated From / (used in) financing activities | 8.29 | -11.57 | 6.04 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.07 | -1.65 | -6.47 |
Strengths
1. Consistent financial growth with healthy profit margins over the years.
2. Proven expertise in executing power sector EPC projects for over 20 years.
3. Strong focus on renewable energy expansion, including solar power and hydrogen electrolyzers.
4. Strong client base, including Reliance, Adani Renewables, and Gujarat Metro Rail Corporation.
5. Investment in innovative IT solutions for energy, enhancing technological capabilities and service offerings.
Risks
1. Heavy dependence on power sector projects limits diversification across industries.
2. Expansion into renewable energy is still in the nascent stage, with limited execution history.
3. Potential challenges in scaling advanced technologies like hydrogen electrolyzers.
4. Competition from established renewable energy providers could slow market penetration.
5. Reliance on client projects for revenue makes business vulnerable to industry-specific fluctuations.
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FAQs
Rajesh Power Services IPO opens from 25 November to 27 November 2024.
The size of Rajesh Power Services IPO is ₹160.47 Cr.
The price of Rajesh Power Services IPO is fixed at ₹320 to ₹335 per share.
To apply for Rajesh Power Services IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rajesh Power Services IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Rajesh Power Services IPO is 400 shares and the investment required is ₹134,000 .
The share allotment date of Rajesh Power Services IPO is 28 November 2024
The Rajesh Power Services IPO will be listed on 2 December 2024.
Isk Advisors Pvt Ltd is the book running lead manager of the Rajesh Power Services IPO.
Contact Information
Rajesh Power Services
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Rajesh Power Services IPO Register
Isk Advisors Pvt Ltd
Rajesh Power Services IPO Lead Manager
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/
