Rajesh Power Services IPO Allotment Status

Summary

Rajesh Power Services IPO has closed with an extraordinary response from investors, achieving a remarkable final subscription of 59.00 times by 27th November 2024 at 5:15:07 PM (Day 3). The public issue witnessed overwhelming demand across all categories. The Non-Institutional Investors (NII) category led with an exceptional 138.46 times subscription, demonstrating strong institutional confidence.

The Qualified Institutional Buyers (QIB) portion showed substantial interest with 46.39 times subscription. The Retail Investors segment demonstrated robust enthusiasm with 31.96 times subscription. The Anchor Investors portion was fully subscribed before the public issue, raising ₹44.77 crores.

The offering has received 1,55,371 applications, indicating tremendous market confidence in this SME IPO.

How to Check Rajesh Power IPO Allotment Status:

How do you Check Rajesh Power IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Bigshare Services Pvt Ltd (https://www.bigshareonline.com/ipo_allotment.html)

Step 2: From the selection menu, choose Rajesh Power IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Rajesh Power IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Rajesh Power IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Rajesh Power Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Rajesh Power IPO Timeline:

Rajesh Power IPO Subscription Status

Rajesh Power Services IPO received 59.00 times subscription with 1,55,371 applications. By 27th November 2024 at 5:15:07 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:15:07 PM)

• Total Subscription: 59.00 times
• QIB: 46.39 times 
• NII: 138.46 times
• Retail investors: 31.96 times 

Subscription Day 2 (November 26, 2024)

• Total Subscription: 5.15 times
• QIB: 1.63 times
• NII: 5.49 times
• Retail investors: 7.01 times

Subscription Day 1 (November 25, 2024)

• Total Subscription: 1.90 times
• QIB: 0.00 times
• NII: 2.35 times
• Retail investors: 2.79 times

Rajesh Power IPO Details 

Rajesh Power Services' initial public offering (IPO) is a book built issue of ₹160.47 crores. This offering consists of a fresh issue of 27.9 lakh shares aggregating to ₹93.47 crores and an offer for sale of 20 lakh shares aggregating to ₹67.00 crores.

The bidding process commenced on 25th November 2024 and will conclude on 27th November 2024. The allotment results are anticipated to be finalised on 28th November 2024. Furthermore, the shares of Rajesh Power Services are set to be listed on BSE SME, with a provisional listing date scheduled for 2nd December 2024.

The price band has been established between ₹319 and ₹335 per share. Investors must apply for a minimum lot size of 400 shares, which requires a minimum investment of ₹134,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (800 shares), totalling ₹268,000.

ISK Advisors Pvt Ltd serves as the book running lead manager for the IPO, while Bigshare Services Pvt Ltd is designated as the registrar for this offering. Sunflower Broking is the market maker for this offering.