Rulka Electricals IPO: What Investors Should Know Before Applying

Rulka Electricals IPO is open for subscription starting Thursday, May 16, 2024, and closing on Tuesday, May 21, 2024. The price band of this upcoming IPO is decided at Rs 223 to Rs 235 per share. The minimum lot size set for the retail category is 600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1200 shares. The minimum investment required for retail category investors is Rs 1,41,000 (235 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,82,000 (235 x 1200 shares). Rulka Electricals IPO is a book-built issue of Rs 26.40 crores. This upcoming IPO is a combination of fresh issue and OFS. The fresh issue of 8.42 equity shares amounting to Rs 19.80 crores and offer-for-sale is of 2.81 lakh equity shares amounting to Rs 6.60 crores. The allotment for this new IPO is expected to be finalised on Wednesday, May 22, 2024. Rulka Electricals IPO will be listed on NSE SME, and the listing date is fixed on Friday, May 24, 2024. The book-running lead manager of Rulka Electricals IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Sunflower Broking. 

About Rulka Electricals Limited

Rulka Electricals Limited was founded in May 2013, is an electrical and fire-fighting solutions company. They offer various services, including electrical solutions, electrical panels, Solar EPC contracts, turn-key electrical warehousing projects, maintenance services, electrical contracting, and data and voice cabling installation. The company’s services cater to industrial, commercial, retail and theatre sectors. Their integrated operations encompass designing, supplying, installing, testing and commissioning the project. Rulka Electricals generates 100 per cent of its revenue through Turnkey Projects, including material and labour and engineering, design and consulting services. Rulka Electricals services can be divided into nine categories: electrical services, Fire Fighting Systems, Security Systems, Public Address Systems, Access Control Systems, Audio-Video System Services, CCTV system services, IT and Networking services, and Solar Systems.

Objectives of Rulka Electricals IPO

The amount raised through this initial public offer will be used to fulfil the company's day-to-day capital requirements, meet offer expenses, and for general corporate purposes.

Financials of Rulka Electricals Limited (Amt in Rs Lakhs)

Rulka Electricals posted a revenue of Rs 4,689.78 lakhs and net profit of 280.52 lakhs for the period ending on 31 March 2023. Previously, in the same period revenue was Rs 3,627.41 lakhs and PAT of Rs 112.08 lakhs. The improvement in the financial performance on a yearly basis is visible.

Other Important Details of Rulka Electricals IPO 

Time-Table of Rulka Electricals IPO

Lot Size of Rulka Electricals IPO 

IPO Reservation of Rulka Electricals Limited

Key Performance Indicator of Rulka Electricals Limited IPO

The market capitalization of Rulka Electricals is Rs 100.07 Crore.

EPS and P/E Ratio Post IPO 

Promoters of Rulka Electricals Limited and Their Holdings

The promoters of Rulka Electricals company are Rupesh Laxman Kasavkar and  Nitin Indrakumar Aher. 

Lead Manager(s) of Rulka Electricals IPO

The lead manager for Rulka Electricals IPO is Beeline Capital Advisors Private Limited.

How do you apply for the Rulka Electricals IPO?

Wait for the public issue to open for subscription, then click here to apply for the Rulka Electricals Limited IPO with Bigul.

How do you check the allotment status of Rulka Electricals IPO?

The registrar for Rulka Electricals IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Rulka Electricals IPO?

Rulka Electricals IPO is a book-built  issue of Rs 26.40 crores. This upcoming IPO is a combination of fresh issue and OFS. The fresh issue of 8.42 equity shares amounting to Rs 19.80 crores and offer-for-sale is of 2.81 lakh equity shares amounting to Rs 6.60 crores.

2. Who are the lead managers for the Rulka Electricals Limited IPO?

Beeline Capital Advisors Private Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Rulka Electricals Limited, handling the IPO's administrative aspects.

4. How can I apply for the Rulka Electricals IPO?

The public subscription of this new IPO will open on May 16, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The amount raised through this initial public offer will be used to fulfil the day-to-day capital requirements of the company. Additionally, to meet the offer expenses and for the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Rulka Electricals Limited IPO by visiting here. For further updates follow Bigul.

7. What is the financial performance of Rulka Electricals Limited?

Rulka Electricals posted a revenue of Rs 4,689.78 lakhs and net profit of 280.52 lakhs for the period ending on 31 March 2023. Previously, in the same period revenue was Rs 3,627.41 lakhs and PAT of Rs 112.08 lakhs. The improvement in the financial performance on a yearly basis is visible.