RAJESH POWER SERVICES LIMITED

25 Nov 2024 - 27 Nov 2024 Individual Category IPO BSE

Min Investment

₹134000

Price Band

₹319-₹335

Issue Size

34.54 lakhs
Equity Shares

Lot Size

400

IPO Dates
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25 Nov 2024

Open Date

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27 Nov 2024

Close Date

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28 Nov 2024

Allotment Date

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02 Dec 2024

Listing Date

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.

Founded

1971

Managing Director

Kurang Ramchandra Panchal

Parent Organization

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.

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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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