Ravi Stocks1. Rajesh Power Services Ltd IPO Overview
The Rajesh Power Services Ltd IPO open for subscription on November 25, 2024, and will close on November 27, 2024. The final allotment of shares will be confirmed on November, 28, 2024. The share’s to be listed on Exchange December 2, 2024, and listing Exchange on BSE SME.
The Rajesh Power Services Ltd IPO price band has been set between ₹319 to ₹335 per equity share.
The total issue size of the Rajesh Power Services Ltd IPO is approximately ₹160.47 Cr. This comprises 4,790,000 equity shares offered to the public.
The Gray Market Premium (GMP) of Rajesh Power Services Ltd IPO is currently hovering around ₹90. This GMP shows high market sentiment, which indicates that the demand for IPO is quite high in the market. Due to this strong sentiment, good gain listings are expected.
2. Rajesh Power Services Ltd IPO Timeline
The Rajesh Power Services Ltd IPO is expected to open soon, with the following key dates:
- IPO Opening Date -: The IPO is set to open on Monday, November 25, 2024.
- IPO Closing Date -: The IPO will close on Wednesday, November 27, 2024.
- Finalization of Allotment -: The IPO allotment status will be declared on Thursday, November 28, 2024.
- Initiation of Refunds -: The refund amount will be credited to your bank account on Friday, November 29, 2024.
- Credit of Shares to Demat Account -: The shares will be credited to your Demat account on Friday, November 29, 2024.
- Listing Date -: The IPO will be listed on the stock exchanges on Monday, December 2, 2024, on BSE SME.
3. IPO Size (IPO Price, Lot Size, and Issue Size)
- Price Band -: The Rajesh Power Services Ltd IPO price band has been set between ₹319 to ₹335 per share.
- Lot Size -: The IPO lot size has been set at 400 shares per lot.
- Issue Size -: The IPO issue size is estimated to be around ₹160.47 Cr.
- Fresh Issue -: The IPO fresh issue size is ₹93.47 crore.
- Minimum Order Quantity -: Retail Investors can apply for a minimum of 1 lot.
- Maximum Order Quantity -: Retail Investors can apply for a maximum of 1 lots.
The lot size and price band will be crucial for retail investors looking to participate. Keep a close eye on these details once the IPO opens for subscription.
4. IPO GMP (Grey Market Premium) and Market Sentiment
As of November 24, 2024, the Grey Market Premium (GMP) for the Rajesh Power Services Ltd IPO is ₹90. This suggests that the expected listing price could be around ₹425 per share (₹335 IPO price + ₹90 GMP), indicating a potential gain of 26% on listing. The GMP is an indicator of the market sentiment and investor demand for the IPO.
5. About Rajesh Power Services Ltd
Rajesh Power Services Ltd is established in 1971 is amongst the largest players in the country firmly established in the underground power transmission and infrastructure EPC space. Rajesh Power today has proven experience and expertise in executing large-scale projects with notable capabilities that deliver end-to-end solutions covering design, consultancy, procurement, project execution, & testing and commissioning projects on a turnkey basis. Rajesh Power is also a leading power utility service provider in the area of operations and maintenance services, utility services like cable testing and fault location for its utility as well as private clients.
6. About Rajesh Power Services Ltd Company Financial Information
Below is a snapshot of the company’s financial performance, highlighting key financial metrics over the past few years:
| Particulars | FY 2024 | FY 2023 | FY 2022 |
| Revenue (₹ Lakhs) | 24,039.00 | 19,823.38 | 14,936.84 |
| Profit After Tax (PAT) | 2,602.29 | 675.15 | 344.60 |
| Assets | 5,126.79 | 2,905.61 | 17,562.82 |
| Net Worth | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves and Surplus | 6,908.31 | 4,344.06 | 3,706.95 |
| Total Borrowing | 7,767.08 | 5,971.20 | 6,243.33 |
| Amount in ₹ Lakhs | |||
How to Apply for the Rajesh Power services Ltd IPO
Investors can apply for the Enviro Infra Engineers IPO through:
- Online IPO Application: Via net banking using the ASBA (Application Supported by Blocked Amount) facility.
- UPI Method: Apply through UPI-supported platforms like Zerodha, Groww, Upstox, Angel One or Paytm Money.
- Brokers: Approach stockbrokers offering IPO application services.
- Bank Branches: Submit an offline IPO application form at your bank.
Make sure to complete the application process within the IPO window to ensure your bid is accepted.
