Rulka Electricals Limited

16 May 2024 - 21 May 2024 Individual Category SME NSE

Min Investment

₹267600

Price Band

₹223-₹235

Issue Size

8.04 lakhs
Equity Shares

Lot Size

600 (per lot)

IPO Dates
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16 May 2024

Open Date

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21 May 2024

Close Date

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22 May 2024

Allotment Date

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24 May 2024

Listing Date

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. 

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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.

Founded

2013

Managing Director

Rupesh Laxman Kasavkar

Parent Organization

IPO Objectives

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.-

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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