Rajesh Power Services IPO Details
| IPO Issue Open Date: | 25 November 2024 |
| IPO Issue Close Date: | 27 November 2024 |
| IPO Issue Price Band: | ₹320 to ₹335 per share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹160.47 Crores | 4,790,000 shares |
| Fresh Issue: | ₹93.47 Crores | 2,790,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Rajesh Power Services IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| DRHP Draft Prospectus: | Click Here |
Rajesh Power Services IPO Dates Timeline
| Issue Open Date: | 25 November 2024 |
| Issue Close Date: | 27 November 2024 |
| Basis of Allotment Date: | 28 November 2024 |
| Refunds Initiation: | 29 November 2024 |
| Shares Credit in Demat: | 29 November 2024 |
| IPO Listing Date Detail: | 2 December 2024 |
Rajesh Power Services IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 400 shares = ₹134,000 |
| Retail (Max) | 1 lots and 400 shares = ₹134,000 |
| HNI (Min) | 2 lots and 800 shares = ₹268,000 |
| B-HNI Minimum | – |
Rajesh Power Services IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹50 | ₹15,000 | ₹- | 15% |
| 19th Nov | ₹- | ₹- | ₹- | ₹- |
| 18th Nov | ₹- | ₹- | ₹- | ₹- |
About Rajesh Power Services
Rajesh Power Services was originally formed as a partnership firm in the name and style of “RAJESH TRADERS” pursuant to a deed of partnership dated May 5, 1971 Registration certificate issued by Registrar of Firms, Ahmedabad City, Ahmedabad having Registered No. GUJ/AHD/32515 under the provisions of the Indian Partnership Act, 1932. Subsequently, the partnership firm was converted to Private Limited Company “RAJESH POTHEYR SERVICES PRIVATE LIMITED” on 10th February, 2010 under the provisions of companies act, 1956 with the registrar of companies, Ahmedabad bearing registration no. 059536. Then the company was converted from RAJESH POTHEYR SERVICES PRIVATE LIMITED to RAJESH POTHEYR SERVICES LIMITED and fresh certificate of incorporation was issued on June 26, 2024 by the registrar of companies, Ahmedabad. The Corporate Identification Number of the Company is U31300GJ2010PLC059536.
Rajesh Power Services Limited, under the leadership and vision of Mr. Kurang and Mr. Rajendra entered into solar potheyr generation by setting up 1MW Solar Potheyr Plant at Survey No. 859/1,Vill-Patdi, TalDasada, Dist- Surendra Nagar in Gujarat, in the year 2012. This plant was setup by RPSL under one of the first Solar schemes launched in 2012 by Gujarat government under the leadership of Prime Minister Shri Narendra Modi (then Chief Minister of Gujarat). The Solar plant is currently operational and generating solar potheyr and supplying potheyr to PGVCL DISCOM. Over the years, they have also developed the expertise to build, operate and maintain Solar Potheyr Plants across Theystern India. They have commissioned projects for Potheyr Supply Arrangement for clients like Adani’s 300MW Solar Plant in Jaisalmer, Rajasthan.
Rajesh Power Services IPO Strengths
- Expansion of Business in Renewable Energy sector
- Leveraging Market Skills and Associations
- Improving Operational Efficiencies
- Venture into technology-based solutions in power sector by investing in HKRP Innovations
- Limited
Objects of the IPO Issue
- 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
Rajesh Power Services Company Financial Report
The company reported revenue of ₹284.97 crores in 2024 against ₹207.18 crores in 2023. The company reported a profit of ₹26.02 crores in 2024 against a Profit of ₹6.75 crores in 2023.
| 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 – Key Performance Indicator
KPI as of March 31, 2024.
| 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
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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
Rajesh Power Services IPO Lead Manager
- Isk Advisors Pvt Ltd
Rajesh Power Services IPO allotment status check on Link Intime website. Click on Bigshare Services Pvt Ltd to get allotment status.
Promoters of Rajesh Power Services
- Mr. Rajendra Baldevbhai Patel
- Mr. Kurang Ramchandra Panchal
- Mr. Kaxil Prafulbhai Patel
- Mr. Utsav Nehal Panchal
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/