Rajesh Power Services IPO Date, Price, GMP, Review, Details

Rajesh Power Services IPO

Ahmedabad-based Rajesh Power Services IPO is a Book Built Issue IPO. This is a SME IPO which is open for subscription on 25 November 2024 and will close on 27 November 2024. The price band of the IPO is ₹320 to ₹335 per share.

The total IPO Size is ₹160.47 Cr in which fresh issue of ₹93.47 Cr and offer for sale up to [.] equity shares. The company set face value of ₹10 each. You can apply for Rajesh Power Services IPO for minimum lot size is 400 shares for the retail investors, aggregating to an investment of ₹134,000.

This IPO is to be list on BSE platform on 2 December 2024, and allotment date is on 28 November2024 which check Rajesh Power Services IPO allotment status on Bigshare Services Pvt Ltd is the registrar for this offering.

The book-running lead managers of this IPO is Isk Advisors Pvt Ltd. For more information check Rajesh Power Services IPO DRHP and RHP details.

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:

Checkout the Rajesh Power Services IPO Prospectus of DRHP and RHP file.
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Rajesh Power Services IPO Dates Timeline

Get the tentative dates and schedule for latest IPO Rajesh Power Services IPO are open and close date, allotment status, refunds, and listing details
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

You can bid for a minimum of 400 shares and maximum 800 shares in retail investors section, Also you can check HNI investors section for minimum and maximum in terms of shares and amount.
ApplicationLot SizeShares 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 DateGMP TodaySubject to SaudaKostakExpected Gain
Today₹70₹20,000₹-21%
27th Nov₹60₹20,000₹-18%
26th Nov₹70₹20,000₹-21%
25th Nov₹90₹25,000₹-27%

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

  1. Purchase of cable identification, testing and fault location equipments
  2. Setting up of DC Solar Power Plant having a capacity of 1300 KW;
  3. 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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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.

CompanyEPSPE RatioRoNW %NAVIncome
Advait Infratech Limited21.4588.6828.65%73.00207.44 Cr.
Kay cee Energy and Infra Limited7.6142.4914.67%
40.7264.47 Cr.
Viviana Power Tech Limited10.9674.0826.73%41.0265.53 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/

Rajesh Power Services IPO FAQs

What is Rajesh Power Services IPO Detail?

Rajesh Power Services IPO is a main-board IPO. The company is going to raise ₹160.47 Crores via IPO. The issue is priced at ₹320 to ₹335 pr equity share. The IPO is to be listed on NSE.

How to Apply Rajesh Power Services IPO Online?

You can apply for Rajesh Power Services IPO via ASBA online via your bank account/net banking and UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form and Apply IPO online through Zerodha, Upstox, 5Paisa, ICICI Bank, HDFC Bank and SBI Bank.

When Rajesh Power Services IPO will open?

The IPO is to open on 25 November 2024 for QIB, NII, and Retail Investors. The IPO will close on 27 November 2024.

What is Rajesh Power Services IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

What is Rajesh Power Services IPO Size?

Rajesh Power Services issue size is ₹160.47 crores.

What is Rajesh Power Services IPO Price Band?

Rajesh Power Services IPO Price Band is ₹320 to ₹335.

What is the Lot Size of Rajesh Power Services IPO?

The Rajesh Power Services IPO minimum bid size is400 Shares with ₹134,000 amount.

What is the Rajesh Power Services IPO Allotment Date?

Rajesh Power Services IPO allotment date is 28 November, 2024.

What is the Rajesh Power Services IPO Listing Date?

Rajesh Power Services IPO listing date is 2 December, 2024. The IPO is to list on NSE.

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