Rajesh Power Services IPO Detail: Open Date, Close Date, GMP, Price Band

Rajesh Power Services IPO subscription opens on Monday, November 25, 2024, and closes on Wednesday, November 27, 2024. It is a book-built issue of worth up to Rs 160.47 crores of equity shares. This upcoming IPO is a combination of a fresh issue and an offer for sale. The company is offering 27.90 lakh equity shares as a fresh issue and 20 lakh equity shares as an offer for sale.

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Rajesh Power Services IPO Price Band

Rajesh Power Services IPO price band is Rs 320 to Rs 335 per share. The minimum investment on this SME IPO for retail investors is Rs 1,34,000 (335 x 400 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,000 (335 x 800 shares).

Rajesh Power Services IPO GMP 

Currently, Rajesh Power Services IPO GMP (grey market premium) is at Rs 0. It is expected that the listing price can same as the allotment price that is Rs 335. However, if the subscription is oversubscribed, then Rajesh Power Services IPO GMP may go up.

Rajesh Power Services Allotment Status

Rajesh Power Services IPO Allotment status will be available on its registrar BigshareServices Private Limited website on Thursday, November 28, 2024, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Rajesh Power Services Listing Date

Rajesh Power Services IPO listing date is decided on Monday, December 2, 2024. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Rajesh Power Services IPO: Listing Date, Lot Size, Issue Size, Price Band

Rajesh Power Services IPO: About the Company

Rajesh Power Services Limited, established in 1971, is a leading consultancy and EPC contractor serving state transmission and distribution companies, private utilities, and industries. The company provides a range of services, including EHV underground cabling, AIS/GIS substation construction, distribution network revamping, power supply arrangements for solar plants, and operation and maintenance of transmission and distribution networks.

An investor in HKRP Innovations Limited, Rajesh Power Services benefits from HKRP's expertise in IoT and cloud-based energy solutions, such as Smart Feeder Management Systems (SFMS) and Solar Energy Data Management (SEDM). With a client base including GIFT City, Gujarat Metro Rail, Adani Renewables, and Reliance Industries, RPSL has successfully completed numerous projects over two decades.

Rajesh Power Services IPO Objectives

The company pa to utilize the Net Proceeds from the issue for various objectives, including capital expenditure for purchasing cable identification, testing, and fault location equipment; setting up a 1300 KW DC Solar Power Plant; and developing in-house technical expertise for the production of Green Hydrogen and associated equipment like electrolysers. The funds will also be used to meet additional working capital requirements.

Rajesh Power Services IPO: Key Dates, Allotment, Listing Date

Rajesh Power Services IPO Subscription Details, IPO Reservation

Rajesh Power Services IPO subscription reservations are as follows: Not less than 35% of the net offer is reserved for the retail category, not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, and not less than 15% of the net offer is reserved for the HNI category.

Rajesh Power Services IPO Lot Size Details

Rajesh Power Services IPO lot size is set at 400 shares per lot. The minimum investment required for retail investors is Rs 1,34,000 (335 x 400 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,000 (335 x 800 shares).

Rajesh Power Services IPO Promoter Holdings

Rajesh Power Services IPO promoters are Mr. Rajendra Baldevbhai Patel, Mr. Kurang Ramchandra Panchal, Mr. Kaxil Prafulbhai Patel And Mr. Utsav Nehal Panchal. The promoter's combined shareholdings before the IPO was 100%; however, post-IPO their shareholdings will decline to 61.74%.

Rajesh Power Services Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of Rajesh Power Services IPO

The IPO is managed by Isk Advisors Private Limited, which is the book-running lead manager for this public issue. The company has appointed BigshareServices Private Limited as the registrar for this public issue.

How to apply to Rajesh Power Services IPO

Interested investors who want to apply to the Rajesh Power Services IPO can directly apply from the Bigul trading app, or you can apply by visiting here. You can also check the details of other upcoming IPO on the Bigul platform.

Rajesh Power Services IPO FAQs

1. What are the core details available of the Rajesh Power Services IPO?

Rajesh Power Services IPO is a book-built issue worth up to Rs 160.47 crores which includes Rs 93.47 crores as a fresh issue and Rs 67 crores as an offer for sale. This upcoming IPO has fresh issue of 27.90 lakh equity shares and 20 lakhs equity shares as an offer for sale.

2. What is the Rajesh Power Services IPO open date and close date?

Rajesh Power Services IPO subscription opens on Monday, November 25, 2024, and closes on Wednesday, November 27, 2024.

3. What is Rajesh Power Services IPO GMP?

Currently, Rajesh Power Services IPO GMP (grey market premium) is at Rs 0. It is expected that the listing price can same as the allotment price that is Rs 335. However, if the subscription is oversubscribed, then Rajesh Power Services IPO GMP may go up.

4. How do you check the IPO Allotment status?

Rajesh Power Services IPO Allotment details are available on its registrar Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who is the registrar and lead manager(s) for Rajesh Power Services IPO?

The IPO is managed by Isk Advisors Private Limited, which is the book-running lead manager for this public issue. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?