Rulka Electricals Limited IPO (Rulka Electricals IPO)

Rulka Electricals Limited IPO
Upcoming Rulka Electricals IPO | New Rulka Electricals IPO

Rulka Electricals Limited is an electrical and Fire-Fighting solutions company. The company offers various services, including electrical solutions, electrical panels, solar EPC contracts, turn-key electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data and voice cabling installation. These services cater to various sectors such as industrial, commercial, retail, and theatre.

The company’s integrated operations encompass designing, supplying, installing, testing, and commissioning the project.

The company generates 100% of its revenue through Turnkey Projects, which include both material and labor along with engineering, design, and consulting services.

The company’s services can be divided into the following categories:

  • Electrical Services
  • Fire Fighting Systems
  • Security Systems
  • Public Address Systems
  • Access Control Systems
  • Audio-Video Systems Services
  • CCTV Systems Service
  • IT & Networking Services
  • Solar Systems

The company is ISO 9001:2015 certified for its quality management systems. As of February 29th, 2024, the company has 92 employees on its payroll.

Rulka Electricals IPO

Rulka Electricals IPO – Details

IPO Opening Date16 May 2024
IPO Closing Date21 May 2024
Issue TypeBook Built Issue IPO
Issue Size11,23,200 Shares Worth ₹26.40 Crore
Fresh Issue: 8,42,400 Shares Worth ₹19.80 Crore
Offer For Sale: 280,800 Shares Worth ₹6.60 Crore
Face Value₹10 per equity share
IPO Price₹223 – ₹235
Market Lot600 Shares
Min Order600 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Rulka Electricals IPO – Date Schedule

IPO Open Date16 May 2024
IPO Close Date21 May 2024
Basis of Allotment22 May 2024
Initiation of Refund23 May 2024
Credit of Shares to Demat Account23 May 2024
IPO Listing Date24 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 21, 2024

Rulka Electricals IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)1600₹1,41,000
Retail (Maximum)1600₹1,41,000
HNI (Minimum)21200₹2,82,000

Competitive Strengths

  • Quality Assurance and Standards.
  • Existing client relationship.
  • Diversified Client Base.
  • Scalable Business Model.
  • Experienced Management Team.

Company Promoters

  • Mr. Rupesh Laxman Kasavkar
  • Mr Nitin Indrakumar Aher

Object Of The Issue

  • To Meet Working Capital Requirement.
  • General Corporate Purpose.
  • To Meet the Offer Expenses.
Rulka Electricals IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202119.6018.870.532.30
31 March 202236.2734.361.122.81
31 March 202346.8943.272.805.27
29 February 202465.2757.705.6511.04
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)8.68
EPS (Rs)8.2114.49
P/E (x)28.6216.21

Rulka Electricals IPO Promoter Holding

Pre Issue Share Holding86.28%
Post Issue Share Holding69.22%

Rulka Electricals IPO Prospectus

Company Contact Information

Rulka Electricals Limited

A – 20, Shiva Industrial Estate Co. Ltd.,
Lake Road, Near Tata Power, Bhandup West
Mumbai City, Mumbai- 400078,

Phone: +022 41276806

Rulka Electricals IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Rulka Electricals IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Rulka Electricals IPO FAQs

Rulka Electricals IPO FAQs
What is Rulka Electricals IPO?

Rulka Electricals IPO is a SME IPO. The issue is priced at ₹223 – ₹235 per equity share. The IPO is to be listed on NSE SME.
When Rulka Electricals IPO will open?

The IPO is to open on 16 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors.
How to Rulka Electricals IPO?

You can apply for Rulka Electricals 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 Rulka Electricals IPO through 5 Paisa?

Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rulka Electricals”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa.
How to Apply the Rulka Electricals IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rulka Electricals”. Click on the 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 Edelweiss.
What is Rulka Electricals IPO Size?

Rulka Electricals IPO size is ₹26.40 crores.
What is Rulka Electricals IPO Price Band?

Rulka Electricals IPO Price Band is ₹223 – ₹235.
What is Rulka Electricals IPO Minimum and Maximum Lot Size?

The minimum bid is 600 Shares with ₹1,41,000 amount while the maximum bid is 600 shares with ₹1,41,000.
What is the Rulka Electricals IPO Allotment Date?

Rulka Electricals IPO allotment date is  22 May 2024.
What is the Rulka Electricals IPO Listing Date?

Rulka Electricals IPO listing date is 24 May 2024. The IPO is to list on NSE SME.
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