Rajesh Power Services Limited
Bookbuilding IPO · BSE
- Price band
- ₹319 - ₹335
- Lot size
- 400 shares
- Issue amount
- ₹160.47 cr
- Total subscription
- 59.08×
- Opens
- 25 Nov 2024
- Closes
- 27 Nov 2024
- Allotment
- 28 Nov 2024
- Listing
- 2 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 47,90,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,27,600
- Fresh issue
- ₹93.47 cr
- Offer for sale
- ₹67 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,34,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,52,17,392
- Shares after issue
- 1,80,07,392
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 400 | ₹1,34,000 |
| HNI | 2 | 800 | ₹2,68,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 30.61 | 1,419.86 |
| RETAIL | 53.76 | 1,718.2 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 18.76 | 17.1 | 4.44 |
| ROE | 24.89 | 36.41 | 12.17 |
| ROCE | 25.61 | 29.99 | 15.15 |
| RONW | 25.47 | 30.87 | 11.51 |
| PRE IPO(PE) | 19.59 | 0 | 0 |
| POST IPO(PE) | 10.9 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Rajesh Power Services Limited, established in 1971, provides consultancy, EPC contracting, and specialized services to power transmission and distribution utilities across renewable and non-renewable energy sectors in India, serving major clients like GIFT City, Gujarat Metro, Adani Renewables, and Reliance. The company has also invested in HKRP Innovations, which builds IoT and cloud-based IT solutions for the energy sector such as Smart Feeder Management System, Virtual Feeder Segregation, Real-Time Oil Well Monitoring, and Solar Data Management. With 940 employees as of April 1, 2024, RPSL blends long industry experience with modern technology to offer comprehensive and innovative energy solutions nationwide.
Strengths
- Steady Growth: Strong and consistent financial performance.
- Reliable Execution: 20+ years of proven EPC expertise in the power sector.
- Future-Ready: Expanding into solar and hydrogen electrolyzer projects.
Risk factors
- Bid Dependency: Heavy reliance on government bid wins impacts revenue stability.
- High Working Capital: EPC business needs large working capital, creating cash-flow pressure.
- Early Solar Expansion: Solar segment is at a nascent stage with higher uncertainty and execution risks.
Promoters
Mr. Rajendra Baldevbhai Patel
Mr. Kurang Ramchandra Panchal
Mr. Kaxil Prafulbhai Patel
Mr. Utsav Nehal Panchal
Registrar & documents
Lead manager
Isk Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
380/3, Siddhi House, Opp. Lal Bunglows, B/H Sasuji Dinning Hall, Off C.G. Road, Navrangpura Ahmedabad - 380006
+91 6358736465
[email protected]Company website ↗Understanding RAJESH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.