Rajesh Power Services Limited launched its IPO on November 25, 2024. This book-built issue aims to raise ₹160.47 crores through a fresh issue of 27.9 lakh shares and an offer for sale of 20 lakh shares. Shares are priced between ₹319 and ₹335 per share, with a minimum IPO lot size of 400 shares. The IPO allotment is expected on November 28, with the listing on BSE SME scheduled for December 2, 2024.
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Rajesh Power Services BSE SME IPO (Tentative Timeline)
| Key Detail | Information |
| Symbol | RAJESH |
| IPO Opening Date | November 25, 2024 |
| IPO Closing Date | November 27, 2024 |
| Listing Date | December 2, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹319 to ₹335 per share |
| Minimum Order Quantity | 400 Equity Shares |
| Maximum Subscription Amount | ₹200,000 (Retail Investors) |
| Total Issue Size | 47.9 lakh shares |
| IPO Segment | Book Built Issue IPO |
| Maximum Bid Quantity for Qualified Institutional Investors | 4546000 |
| Maximum Bid Quantity for Non-Institutional Investors | 2296000 |
| Registrar | Bigshare Services Pvt Ltd |
| Listing At | BSE SME |
Introduction to Rajesh Power Services Limited
The company was founded in 1971. Rajesh Power Services Limited specializes in providing EPC contracting services for power transmission and distribution utilities.
Their offerings include consultancy services for state utilities and private industries. The company also focuses on renewable energy solutions and advanced technologies like IoT and cloud systems for power grid management.
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Core Services:
- EHV Underground Cables and Transmission Lines
- Substations (AIS/GIS) and Civil Works
- Renewable Energy Solutions
- Power Supply for Solar Power Plants
- Real-Time Monitoring and IT Solutions for energy grids
The company supports India’s Make in India initiative and delivers innovative solutions for various clients, including Reliance Industries, Adani Renewables, and Torrent Power.
Rajesh Power Services IPO: Key Details
- Rajesh Power Services IPO Launch Date: November 25, 2024
- Rajesh Power Services Limited IPO Closing Date: November 27, 2024
- Rajesh Power Services IPO Allotment Date: November 28, 2024
- Rajesh Power Services Limited IPO Price Band: ₹319 to ₹335 per share
- Rajesh Power Services Limited IPO Lot Size: 400 shares
- Rajesh Power Services IPO Face Value: ₹10
- Rajesh Power Services IPO Refunds Initiated: November 29, 2024
- Rajesh Power Services IPO Shares Credited to Demat: November 29, 2024
- Rajesh Power Services IPO Listing Date: December 2, 2024
Rajesh Power Services: Financial Highlights
| Period Ended | 30 Sep 2024 |
| Consolidated | Figures (₹ Lakhs) |
| Assets | 34,726.58 |
| Revenue | 32,184.96 |
| Profit After Tax | 2,854.72 |
| Net Worth | 11,208.68 |
| Reserves and Surplus | 9,686.94 |
| Total Borrowing | 8,102.71 |
The company has shown strong growth over the past few years, with total income rising from ₹149.37 crore in FY22 to ₹295.06 crore in FY24. For the first half of FY25, it earned a net profit of ₹27.68 crore.
FAQs – Rajesh Power Services IPO
Rajesh Power Services Limited provides EPC contracting services and consultancy for power transmission and renewable energy projects.
The bidding date for Rajesh Power Services IPO is from November 25 to 27, 2024.
The IPO lot size is 400 shares.
The IPO allotment date is November 28, 2024.
You can check the IPO allotment status on the registrar’s website, Bigshare Services Pvt Ltd.
The tentative listing date is December 2, 2024.
The registrar for Rajesh Power Services IPO is Bigshare Services Pvt Ltd.
The price band for Rajesh Power Services IPO is ₹319 to ₹335 per share.
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