Rajesh Power Services Limited provides consultancy to state transmission and distribution companies, private utilities, and industries.
Rajesh Power Services Limited has invested in HKRP Innovations Limited (HKRP), which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, providing tools like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).
The company offers services to both the Renewable and Non-Renewable segments of the power sector.
The company provides the following services:
- EHV Underground Cables and Transmission Lines
- EHV AIS/GIS Substations including Civil Works
- HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
- Revamping the entire Distribution Network including Substations, RMUs, Transformers & Cables on Turnkey Basis
- Power Supply Arrangement Projects for Solar Power Plants
- Operation and Maintenance of EHV, HV, MV & LV Substations
- Operation and Maintenance of EHV, HV, MV & LV Transmission and Distribution Network
The company clients include GIFT City, Gandhinagar; Gujarat Metro Rail Corporation Ltd., Gandhinagar; , IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., Dholera; Jay Chemicals Ltd., Saykha; Sabar Dairy, Himmatnagar; Grindwell Norton Limited (Saint Gobain), Hindustan Coca Cola and so on and so forth.
Rajesh Power Services Ltd. (RPSL) specializes in EPC contracting and providing services to power transmission and distribution utilities.
As of April 1, 2024, the Company employs 940 people in various departments.
Rajesh Power Services IPO – Details
| IPO Opening Date | 25 November 2024 |
| IPO Closing Date | 27 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 47,90,000 Shares Worth ₹160.47 Crore Fresh Issue: 27,90,000 Shares Worth ₹93.47 Crore Offer for Sale: 20,00,000 Shares Worth ₹67.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹320 – ₹335 |
| Market Lot | 400 Shares |
| Min Order | 400 Shares |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Rajesh Power Services IPO – Date Schedule
| IPO Open Date | 25 November 2024 |
| IPO Close Date | 27 November 2024 |
| Basis of Allotment | 28 November 2024 |
| Initiation of Refund | 29 November 2024 |
| Credit of Shares to Demat Account | 29 November 2024 |
| IPO Listing Date | 02 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 27, 2024 |
Rajesh Power Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹1,34,000 |
| Retail (Max) | 1 | 400 | ₹1,34,000 |
| HNI (Min) | 2 | 800 | ₹2,68,000 |
Competitive Strengths
- Constant Financial Growth maintaining healthy profit margins.
- Successfully completed numerous power sector projects as an EPC contractor for over 20 years.
- Looking for ways to expand our business in renewable energy, focusing on solar energy and hydrogen electrolyzers.
Company Promoters
- Mr. Rajendra Baldevbhai Patel
- Mr. Kurang Ramchandra Panchal
- Mr. Kaxil Prafulbhai Patel
- Mr. Utsav Nehal Panchal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 149.36 | 144.96 | 3.44 | 62.43 |
| 31 March 2023 | 211.17 | 202.57 | 6.75 | 59.71 |
| 31 March 2024 | 295.06 | 260.99 | 26.02 | 77.67 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt/Equity | 0.92 |
| RoNW | 25.47% |
| P/BV | 4.55 |
| PAT Margin (%) | 8.11 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 17.1 | 30.75 |
| P/E (x) | 19.59 | 10.9 |
Object Of The Issue
- Capital Expenditure:
- Purchase of cable identification, testing and fault location equipments
- Setting up of DC Solar Power Plant having a capacity of 1300 KW;
- Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers
- Additional Working Capital Requirement.
- General Corporate Purposes.
Rajesh Power Services IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.40% |
Rajesh Power Services IPO Prospectus
- Rajesh Power Services IPO DRHP
- Rajesh Power Services IPO RHP
Company Contact Information
| Rajesh Power Services Limited 380/3, Siddhi House, Opp. Lal Bunglows B/H Sasuji Dinning Hall, Off C.G. Road, Navrangpura Ahmedabad – 380006, Phone: +91 6358736465 Email: cs@rajeshpower.com Website: https://www.rajeshpower.com/ |
Rajesh Power Services IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Rajesh Power Services IPO Lead Manager(s)
| 1. ISK Advisors Pvt Ltd |
Rajesh Power Services IPO FAQs
| What is Rajesh Power Services IPO? Rajesh Power Services IPO is an SME IPO. The issue is priced at ₹320 and ₹335 per equity share. The IPO is to be listed on BSE SME. |
| When Rajesh Power Services IPO will open? The IPO is to open on 25 November 2024 for QIB, NII, and Retail Investors. |
| What is Rajesh Power Services IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Rajesh Power Services IPO? You can apply Rajesh Power Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rajesh Power Services IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rajesh Power Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rajesh Power Services IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rajesh Power Services IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rajesh Power Services IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rajesh Power Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rajesh Power Services IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rajesh Power Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rajesh Power Services IPO Size? Rajesh Power Services IPO size is ₹160.47 Crore. |
| What is Rajesh Power Services IPO Price Band? Rajesh Power Services IPO Price Band is ₹320 – ₹335. |
| What is Rajesh Power Services IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 400 Shares with ₹1,34,000 amount while the maximum bid is 400 Shares with ₹1,34,000. |
| What is the Rajesh Power Services IPO Allotment Date? Rajesh Power Services IPO allotment date is 28 November 2024. |
| What is the Rajesh Power Services IPO Listing Date? Rajesh Power Services IPO listing date is 02 December 2024. The IPO is to be listed on BSE SME. |
