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RAJESH POWER SERVICES LIMITED

IPO

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.

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About 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
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