Rulka Electricals Limited

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.