Rajesh Power services is an engineering and contracting company in India. It is one of the leading player underground power transmission and infrastructure EPC space. The company delivers end-to-end solutions covering design, consultancy, procurement, project execution and testing and providing turnkey project execution and consultancy services to state transmission and distribution companies and private industries. It is currently executing major projects under the Central Government’s Revamped Distribution Sector Scheme (RDSS) and Robust Network Scheme of the Gujarat State DISCOMS along with focus on metro and high-speed rail corridor projects, data centres and related industries.
Rajesh Power Services IPO open date is November 25, 2024 and the IPO will close on November 27, 2024. Rajesh Power Services IPO is a Book Built Issue. The company to raise around ₹160.46 crores via IPO that comprises fresh issue of ₹93.46 crores and offer for sale up to ₹67 Crores, 20,00,000 equity shares with face value of ₹10 each. Rajesh Power Services IPO price band is ₹320 to ₹335 per share. Rajesh Power Services IPO to list on BSE on December 2, 2024. The allotment of Rajesh Power Services IPO date is November 28, 2024.
Rajesh Power Services IPO 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 |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Rajesh Power Services IPO Timeline
The Rajesh Power Services IPO date is November 25 and the close date is November 27. The Rajesh Power Services IPO allotment will be finalized on November 28 and the IPO listing on 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 Services IPO Market Lot
The Rajesh Power Services IPO minimum market lot is 400 shares with ₹134,000 application amount.
| 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 Services Limited: Key Financial Highlights
Rajesh Power Services Limited’s revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33,822.42 | 24,039.00 | 19,823.38 | 17,562.82 |
| Revenue | 31,785.09 | 29,506.07 | 21,117.57 | 14,936.84 |
| Profit After Tax | 2,768.25 | 2,602.29 | 675.15 | 344.60 |
| Net Worth | 11,122.22 | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves and Surplus | 9,600.48 | 6,908.31 | 4,344.06 | 3,706.95 |
| Total Borrowing | 7,973.04 | 7,767.08 | 5,971.20 | 6,243.33 |
