Rulka Electricals Limited
Book Built Issue IPO · NSE
- Price band
- ₹223 - ₹235
- Lot size
- 600 shares
- Issue amount
- ₹26.4 cr
- Total subscription
- 676.9×
- Opens
- 16 May 2024
- Closes
- 21 May 2024
- Allotment
- 22 May 2024
- Listing
- 24 May 2024
Offer at a glance
Issue overview
- Issue size
- 11,23,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,33,800
- Fresh issue
- ₹19.8 cr
- Offer for sale
- ₹6.6 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,41,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 34,16,000
- Shares after issue
- 42,58,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,41,000 |
| HNI | 2 | 1,200 | ₹2,82,000 |
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 | 5.02 | 1,025.11 |
| RETAIL | 8.78 | 5,782.88 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 16.67 | 8.5 | 3.4 |
| ROE | 61.25 | 67.26 | 50.76 |
| ROCE | 33.67 | 36.51 | 37.82 |
| RONW | 43.85 | 50.33 | 40.49 |
| PRE IPO(PE) | 6.22 | 0 | 0 |
| POST IPO(PE) | 28.62 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Rulka Electricals Limited has been delivering top-notch electrical and fire-fighting solutions since May 2013. The company offers a wide range of services, including electrical panels, solar EPC projects, warehouse electrical setups, commercial and industrial services, maintenance, contracting, and data & voice cabling installations. They cater to industrial, commercial, retail, and theatrical sectors, managing everything from design and supply to installation, testing, and commissioning — all under one roof. With an ISO 9001:2015 certification, Rulka Electricals ensures high-quality standards at every step. As of February 29, 2024, they have a skilled team of 92 employees. The majority of their revenue comes from Turnkey Projects, offering a complete package of materials, labor, engineering, design, and consulting services — making them a one-stop solution for all electrical and safety needs.
Strengths
- Top-Notch Quality Assurance: The company follows strict quality checks to deliver reliable, high-quality products or services every time. This builds trust with clients and helps them stand out in the market.
- Strong Client Relationships: Long-standing bonds with happy clients lead to repeat business and referrals, showing the company's reliability and customer satisfaction.
- Scalable Business Model: The company's flexible business model allows them to grow operations smoothly as demand increases — without sacrificing quality or customer experience — paving the way for long-term success.
Risk factors
- Dependence on Few Clients: The company relies heavily on a small number of customers for its business. If any of these clients reduce their orders or stop working with the company, it could seriously affect revenue and business stability.
- Legal Cases: The company, its directors, or promoters are involved in ongoing legal cases. If the outcome is unfavorable, it could lead to financial losses, harm the company’s reputation, and disrupt business operations.
- Regulatory Approvals & Licenses: The company needs certain approvals and licenses to operate. Delays or failure to get or renew these licenses on time could affect business operations, financial performance, and even result in legal issues.
Promoters
Mr. Rupesh Laxman Kasavkar
Mr Nitin Indrakumar Aher
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A - 20, Shiva Industrial Estate Co. Ltd., Lake Road, Near Tata Power, Bhandup West Mumbai City, Mumbai- 400078
+022 41276806
[email protected]Company website ↗Understanding RULKA 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.