Rajesh Power Services IPO

Rajesh Power Services IPO opens for subscription on November 25, 2024 and closes on November 27, 2024. The allotment for the Rajesh Power Services IPO is expected to be finalized on Thursday, November 28, 2024. Rajesh Power Services IPO will list on BSE SME with tentative listing date fixed as Monday, December 2, 2024.

Rajesh Power Services IPO price band is set at ₹320 to ₹335 per share. The minimum lot size for an application is 400 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (800 shares) amounting to ₹268,000.

Rajesh Power Services IPO is a book built issue of Rs 160.47 crores. The issue is a combination of fresh issue of 27.9 lakh shares aggregating to Rs 93.47 crores and offer for sale of 20 lakh shares aggregating to Rs 67.00 crores.

Rajesh Power Services IPO Details

Rajesh Power Services IPO Lot Size

Investors can bid for a minimum of 400 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Rajesh Power Services IPO Objectives

The Objects of the Net Issue is to raise funds for:

1. Capital Expenditure:
   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
2. Additional Working Capital Requirement
3. General Corporate Purposes.

About Rajesh Power Services

Established in 1971, Rajesh Power Services provides consultancy to state transmission and distribution companies and private utilities and industries.

Rajesh Power Services Limited has invested in HKRP Innovations Limited (HKRP), which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, providing tools like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).

The company offers services to both the Renewable and Non-Renewable segments of the power sector.

The company provides the following services

1. EHV Underground Cables and Transmission Lines
2. EHV AIS/GIS Substations including Civil Works
3. HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
4. Revamping the entire Distribution Network including Substations, RMUs, Transformers & Cables on Turnkey Basis
5. Power Supply Arrangement Projects for Solar Power Plants
6. Operation and Maintenance of EHV, HV, MV & LV Substations
7. Operation and Maintenance of EHV, HV, MV & LV Transmission and Distribution Network

The company clients include GIFT City, Gandhinagar; Gujarat Metro Rail Corporation Ltd., Gandhinagar; , IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., Dholera; Jay Chemicals Ltd., Saykha; Sabar Dairy, Himmatnagar; Grindwell Norton Limited (Saint Gobain), Hindustan Coca Cola and so on and so forth.

Rajesh Power Services Ltd. (RPSL) specializes in EPC contracting and providing services to power transmission and distribution utilities.

Cometitive Strength

• Constant Financial Growth maintaining healthy profit margins.
• Successfully completed numerous power sector projects as an EPC contractor for over 20 years.
• Looking for ways to expand our business in renewable energy, focusing on solar energy and hydrogen electrolyzers.

As of April 1, 2024, the Company employs 940 people in various departments.

Rajesh Power Services Financial Information

Rajesh Power Services IPO Reservation

Rajesh Power Services IPO Timeline (Tentative Schedule)

Rajesh Power Services IPO opens on November 25, 2024, and closes on November 27, 2024.