Rajesh Power Services IPO description – Rajesh Power Services (RPSL) is a prominent player in the engineering, procurement, and construction (EPC) sector, specializing in underground power transmission and infrastructure. Established in 1971, the company has built a strong reputation for delivering comprehensive solutions that include design, consultancy, procurement, project execution, and maintenance services.
RPSL focuses on high voltage (HV) and extra-high voltage (EHV) transmission systems, having successfully executed numerous large-scale projects such as 220/66 kV substations and underground cable laying. The company serves both public utilities and private clients, ensuring timely project completion and fostering client growth through innovative and sustainable practices.
The company has invested in HKRP Innovations, which specializes in providing customized IT-based solutions for the energy sector. Rajesh Power Services holds a 26% capital stake in HKRP Innovations. During the fiscal year 2023-24, RPSL earned a profit of INR 6.69 crore from its investment in HKRP Innovations. As of 1 April 2024, the company has 940 employees on the payroll.
Promoters of Rajesh Power Services – Mr. Rajendra Baldevbhai Patel, Mr. Kurang Ramchandra Panchal, Mr. Kaxil Prafulbhai Patel, and Mr. Utsav Nehal Panchal
Table of Contents
Rajesh Power Services IPO Details
| Rajesh Power Services IPO Dates | 25 – 27 November 2024 |
| Rajesh Power Services Issue Price | INR 319 – 335 per share |
| Fresh issue | 27,90,000 shares (INR 89 – 93.47 crore) |
| Offer For Sale | 20,00,000 shares (INR 63.8 – 67 crore) |
| Total IPO size | 47,90,000 shares (INR 152.8 – 160.47 crore) |
| Minimum bid (lot size) | 400 shares (INR 1,34,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Rajesh Power Services Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 |
| Revenue | 146.81 | 207.18 | 284.97 | 313.06 |
| Expenses | 144.97 | 202.58 | 261.00 | 281.69 |
| Net income | 3.45 | 6.75 | 26.02 | 27.68 |
Rajesh Power Services Offer News
- Rajesh Power Services RHP
- Rajesh Power Services Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Rajesh Power Services Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.26 | 4.44 | 17.10 |
| PE ratio | – | – | 18.65 – 19.59 |
| RONW (%) | 6.59 | 11.51 | 30.87 |
| NAV | 34.36 | 38.55 | 55.40 |
| ROCE (%) | 11.32 | 15.15 | 29.99 |
| EBITDA (%) | 6.85 | 5.94 | 10.84 |
Rajesh Power Services IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 November 2024 | 97 | – | 33,000 |
| 29 November 2024 | 75 | – | 29,000 |
| 28 November 2024 | 65 | – | 21,000 |
| 27 November 2024 | 65 | – | 21,000 |
| 26 November 2024 | 70 | – | 23,000 |
| 25 November 2024 | 100 | – | 31,000 |
| 23 November 2024 | 110 | – | 35,000 |
| 22 November 2024 | 110 | – | 35,000 |
| 21 November 2024 | 110 | – | 35,000 |
| 21 November 2024 | 100 | – | 32,500 |
| 20 November 2024 | 50 | – | 15,000 |
Rajesh Power Services IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,13,600 | 6,91,200 | 16,04,800 | 32,09,600 |
| 27 Nov 2024 | 46.39 | 138.81 | 31.95 | 59.08 |
| 26 Nov 2024 | 1.63 | 5.84 | 7.01 | 5.23 |
| 25 Nov 2024 | 0.00 | 2.92 | 3.46 | 2.36 |
The market maker reservation portion of 2,44,000 shares and Anchor investor portion of 13,36,400 are not included in the above calculations.
Rajesh Power Services IPO Allotment Status
Rajesh Power Services IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Rajesh Power Services IPO Dates & Listing Performance
| IPO Opening Date | 25 November 2024 |
| IPO Closing Date | 27 November 2024 |
| Finalization of Basis of Allotment | 28 November 2024 |
| Initiation of refunds | 29 November 2024 |
| Transfer of shares to demat accounts | 29 November 2024 |
| IPO Listing Date | 2 December 2024 |
| Opening Price on BSE SME | INR 636.50 per share (up 90%) |
| Closing Price on BSE SME | INR 668.30 per share (up 99.49%) |
Rajesh Power Services Offer Lead Manager
ISK ADVISORS PRIVATE LIMITED
501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002
Email:Â [email protected]
Website:Â www.iskadvisors.com
Rajesh Power Services Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
56-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Rajesh Power Services Contact Details
RAJESH POWER SERVICES LIMITED
380/3, Siddhi House, Opp. Lal Bunglows, B/H Sasuji Dinning Hall,
Off C.G. Road, Navrangpura Ahmedabad Gujarat- 380006, India
Phone: +91 6358736465
E-mail: [email protected]
Website: www.rajeshpower.com
IPO FAQs
What is Rajesh Power Services offer size?
Rajesh Power Services offer size is INR 153.28 – 160.47 crores.
What is Rajesh Power Services offer price band?
Rajesh Power Services public offer price is INR 320 – 335 per share.
What is the lot size of Rajesh Power Services IPO?
Rajesh Power Services offer lot size is 400 shares.
What is Rajesh Power Services IPO GMP today?
Rajesh Power Services IPO GMP today is INR 97 per share.
What is Rajesh Power Servicesh kostak rate today?
Rajesh Power Services kostak rate today is INR NA per application.
What is Rajesh Power Services IPO Subject to Sauda rate today?
Rajesh Power Services Subject to Sauda rate today is INR 33,000 per application.
