Last updated on May 24, 2024
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.
Promoters of Rulka Electricals – Mr. Rupesh Laxman Kasavkar, and Mr. Nitin Indrakumar Aher
Table of Contents
Rulka Electricals IPO Details
| Rulka Electricals IPO Dates | 16 – 21 May 2024 |
| Rulka Electricals Issue Price | INR 223 – 235 per share |
| Fresh issue | 8,42,400 shares (INR 18.79 – 19.80 crore) |
| Offer For Sale | 2,80,800 shares (INR 6.26 – 6.60 crore) |
| Total IPO size | 11,23,200 shares (INR 25.05 – 26.40 crore) |
| Minimum bid (lot size) | 600 shares (INR 1,41,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Rulka Electricals Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 11M FY 2024 |
| Revenue | 19.59 | 36.27 | 46.84 | 65.19 |
| Expenses | 18.87 | 34.37 | 43.28 | 57.71 |
| Net income | 0.54 | 1.12 | 2.81 | 5.68 |
Rulka Electricals Offer News
- Rulka Electricals RHP
- Rulka Electricals Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Rulka Electricals Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.63 | 3.40 | 8.50 |
| PE ratio | – | – | 26.24 – 27.65 |
| RONW (%) | 32.61 | 40.49 | 50.33 |
| NAV | 4.99 | 8.39 | 16.89 |
| ROCE (%) | 24.66 | 37.82 | 36.51 |
| EBITDA (%) | 5.36 | 6.07 | 8.56 |
| Debt/Equity* | 4.95 | 5.83 | 4.06 |
* All Standalone data
Rulka Electricals IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 23 May 2024 | 380 | – | 1,80,000 |
| 22 May 2024 | 320 | – | 1,75,000 |
| 21 May 2024 | 255 | – | 1,42,000 |
| 20 May 2024 | 225 | – | 1,06,000 |
| 18 May 2024 | 200 | – | 1,02,500 |
| 17 May 2024 | 165 | – | 67,500 |
| 16 May 2024 | 77 | – | 38,400 |
| 15 May 2024 | 57 | – | 31,000 |
| 14 May 2024 | 48 | – | 27,700 |
| 13 May 2024 | 15 | – | – |
Rulka Electricals IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,13,600 | 1,60,200 | 3,73,800 | 7,47,600 |
| 21 May 2024 | 204.22 | 1350.51 | 658.32 | 676.90 |
| 17 May 2024 | 4.62 | 27.75 | 51.35 | 32.94 |
| 16 May 2024 | 1.01 | 5.17 | 10.35 | 6.58 |
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 Date | 16 May 2024 |
| IPO Closing Date | 21 May 2024 |
| Finalization of Basis of Allotment | 22 May 2024 |
| Initiation of refunds | 23 May 2024 |
| Transfer of shares to demat accounts | 23 May 2024 |
| Rulka Electricals IPO Listing Date | 24 May 2024 |
| Opening Price on NSE SME | INR 525 per share (up 123.40%) |
| Closing Price on NSE SME | INR 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:Â [email protected]
Website:Â 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:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â 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.
