Rajesh Power IPO Details: The Rajesh Power Services IPO is set to open on November 25, 2024, and will close on November 27, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹160.46 crores. The offer includes a fresh issue of ₹93.46 crores and an offer for sale of up to ₹67 crores, comprising 20,00,000 equity shares with a face value of ₹10 each.
The price band for the Rajesh Power Services IPO is set between ₹320 and ₹335 per share. The allocation is as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to list on the BSE on December 2, 2024, with the allotment date scheduled for November 28, 2024.
For the financial year 2024, Rajesh Power Services reported a revenue of ₹284.97 crores, up from ₹207.18 crores in 2023. The company also posted a profit of ₹26.02 crores in 2024, compared to ₹6.75 crores in the previous year. Based on these financials, long-term investors may find the IPO appealing.
Rajesh Power IPO Objectives:
- 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 IPO Review (Apply or Not)
- Update soon
Rajesh Power IPO Date & Price Band 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 IPO Lot Size:
The minimum market lot for the Rajesh Power Services IPO is 400 shares, with an application amount of ₹134,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 400 | ₹134,000 |
| Retail Maximum | 1 | 400 | ₹134,000 |
| S-HNI Minimum | 2 | 800 | ₹268,000 |
Rajesh Power IPO Timeline:
The Rajesh Power Services IPO will open on November 25 and close on November 27. The allotment of shares will be finalized on November 28, with the IPO listing scheduled for 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 |
Rajesh Power IPO GMP Today:
GMP for Rajesh Power Services SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
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
Founded in 1971, Rajesh Power Services Limited offers consultancy services to state transmission and distribution companies, as well as private utilities and industries.
The company has made an investment in HKRP Innovations Limited (HKRP), which provides customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, offering tools such as the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).
Rajesh Power Services caters to both renewable and non-renewable segments of the power industry.
The company’s service offerings include:
- EHV AIS/GIS Substations, including Civil Works
- EHV Underground Cables and Transmission Lines
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 Ended | Revenue | Expense | Profit After Tax | Assets |
| 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.
| KPI | Values |
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Advait Infratech Limited | 21.45 | 88.68 | 28.65% | 73.00 | 207.44 Cr. |
| Kay cee Energy and Infra Limited | 7.61 | 42.49 | 14.67% | 40.72 | 64.47 Cr. |
| Viviana Power Tech Limited | 10.96 | 74.08 | 26.73% | 41.02 | 65.53 Cr. |
Rajesh Power Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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: cs@rajeshpower.com
Website: https://www.rajeshpower.com/
Rajesh Power Services IPO FAQs
What is the Rajesh Power Services IPO?
The Rajesh Power Services IPO is an SME IPO through which the company plans to raise ₹160.47 crores. The issue is priced between ₹320 and ₹335 per equity share, and the shares will be listed on the BSE.
When will the Rajesh Power Services IPO open for subscription?
The IPO will open for subscription on November 25, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors. The IPO will close on November 27, 2024.
What is the investor portion for Rajesh Power Services IPO?
The allocation for the IPO is as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can I apply for the Rajesh Power Services IPO?
You can apply for the Rajesh Power Services IPO online through ASBA via your bank account or UPI through your stockbroker. Alternatively, you can also apply offline by filling out the form with your stockbroker.
What is the issue size of the Rajesh Power Services IPO?
The total issue size of the Rajesh Power Services IPO is ₹160.47 crores.
What is the price band for Rajesh Power Services IPO?
The price band for the Rajesh Power Services IPO is ₹320 to ₹335 per equity share.
What is the lot size for the Rajesh Power Services IPO?
The minimum lot size for the Rajesh Power Services IPO is 400 shares, with an application amount of ₹134,000.
What is the allotment date for the Rajesh Power Services IPO?
The allotment date for the Rajesh Power Services IPO is November 28, 2024.
What is the listing date for the Rajesh Power Services IPO?
The listing date for the Rajesh Power Services IPO is December 2, 2024, and the shares will be listed on the BSE.
