Rulka Electricals IPO GMP, Review, Price, Allotment

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Last updated on May 24, 2024

Rulka Electricals IPO GMP

Rulka Electricals IPO description – Rulka Electricals specializes in turnkey project contracting, providing solutions for various types of electrical and firefighting projects. The company offers a wide range of services, including electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, commercial and industrial electric services, maintenance services, electrical contracting, and data and voice cabling installations across industrial, commercial, retail, and theater sectors. Additionally, Rulka Electricals offers electrical contracting services for various types of industrial plants.

Rulka Electricals has integrated operations that involve designing, supplying, installing, testing, and commissioning projects. The company also maintains projects according to requirements. It has completed warehouse projects across the country, as well as retail stores, theater projects, and numerous hospitals and hospitality projects.

The company derives 100% of its revenue from turnkey projects. These projects encompass both materials and labor, along with engineering, designing, and consultancy services. As of 29 February 2024, the company has 92 employees on its payroll.

Rulka Electricals

Promoters of Rulka Electricals – Mr. Rupesh Laxman Kasavkar, and Mr. Nitin Indrakumar Aher


Rulka Electricals IPO Details

Rulka Electricals IPO Dates16 – 21 May 2024
Rulka Electricals Issue PriceINR 223 – 235 per share
Fresh issue8,42,400 shares (INR 18.79 – 19.80 crore)
Offer For Sale2,80,800 shares (INR 6.26 – 6.60 crore)
Total IPO size11,23,200 shares (INR 25.05 – 26.40 crore)
Minimum bid (lot size)600 shares (INR 1,41,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE EMERGE

Rulka Electricals Financial Performance

 FY 2021FY 2022FY 202311M FY 2024
Revenue19.5936.2746.8465.19
Expenses18.8734.3743.2857.71
Net income0.541.122.815.68
Figures in INR Crores unless specified otherwise

Rulka Electricals Offer News


Rulka Electricals Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.633.408.50
PE ratio26.24 – 27.65
RONW (%)32.6140.4950.33
NAV4.998.3916.89
ROCE (%)24.6637.8236.51
EBITDA (%)5.366.078.56
Debt/Equity*4.955.834.06
*Compiled by IPO Central from Prospectus
* All Standalone data

Rulka Electricals IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
23 May 20243801,80,000
22 May 20243201,75,000
21 May 20242551,42,000
20 May 20242251,06,000
18 May 20242001,02,500
17 May 202416567,500
16 May 20247738,400
15 May 20245731,000
14 May 20244827,700
13 May 202415

Rulka Electricals IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered2,13,6001,60,2003,73,8007,47,600
21 May 2024204.221350.51658.32676.90
17 May 20244.6227.7551.3532.94
16 May 20241.015.1710.356.58

The market maker reservation portion of 56,400 shares is not included in the above calculations.


Rulka Electricals IPO Allotment Status

Rulka Electricals IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Rulka Electricals IPO Dates & Listing Performance

IPO Opening Date16 May 2024
IPO Closing Date21 May 2024
Finalization of Basis of Allotment22 May 2024
Initiation of refunds23 May 2024
Transfer of shares to demat accounts23 May 2024
Rulka Electricals IPO Listing Date24 May 2024
Opening Price on NSE SMEINR 525 per share (up 123.40%)
Closing Price on NSE SMEINR 498.75 per share (up 112.23%)

Rulka Electricals Offer Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: +91-79-48407357
Email[email protected]
Website: www.beelinemb.com


Rulka Electricals Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com


Rulka IPO Contact Details

RULKA ELECTRICALS LIMITED
Unit-B-109, 1st Floor, Shiva Estate, Lake Road,
Bhandup (West), Mumbai-400078, Maharashtra
Phone: +022 41276806, 022 49742572, 91-9029086744
E-mail: [email protected]
Website: www.replservices.com


IPO FAQs

What is the Rulka Electricals Issue size?

Rulka Electricals’ offer size is INR 25.05 – 26.40 crores.

What is the Rulka Electricals IPO price band?

Rulka Electricals’ public offer price is INR 223 – 235 per share.

What is the lot size of the Rulka Electricals Offer?

Rulka Electricals offer lot size is 600 shares.

What is Rulka Electricals IPO GMP today?

Rulka Electricals IPO GMP today is INR 380 per share.

What is the Rulka Electricals kostak rate today?

Rulka Electricals’ kostak rate today is INR NA per application.

What is Rulka Electricals Subject to the Sauda rate today?

Rulka Electricals is Subject to the Sauda rate today is INR 1,80,000 per application.

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