Issue Price
₹ 319-₹ 335
per equity share
Issue Size
34.54 lakhs
equity share
Face Value
₹
per equity share
Market Lot
400
equity share
Please note
Listing at BSE
RAJESH POWER SERVICES LIMITED
Important Dates
IPO Open Date
25 Nov 2024
IPO Close Date
27 Nov 2024
Allotment Date
28 Nov 2024
Initiation of Refunds
29 Nov 2024
Credit of Shares to Demat Account
29 Nov 2024
IPO Listing Date
02 Dec 2024
UPI Mandate Expiry Date
27 Nov 2024
IPO Details
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.
Seize the deal, apply for IPO today!
Apply for IPOAbout RAJESH POWER SERVICES LIMITED
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.
Parent Organisation
-
Founded
1971
Managing Director
Kurang Ramchandra Panchal
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
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