Navigating the stock market introduces new opportunities, particularly with public offerings like the Rajesh Power Services Limited IPO. This blog covers key details, including the issue date, price, and lot size, offering valuable insights for investors.
IPO investment continues to be a preferred option for diversifying portfolios, and upcoming IPOs like this one present fresh possibilities. Understanding the specifics of this offering can help you evaluate its potential in your financial journey. Read on to discover how the Rajesh Power Services Limited IPO might align with your investment goals while keeping an eye on the ever-changing market trends.
The Rajesh Power Services SME IPO is a book-built issue valued at ₹160.47 crores. This offering comprises a fresh issue of 27.9 lakh shares, amounting to ₹93.47 crores, alongside an offer for sale of 20 lakh shares, worth ₹67.00 crores.
This upcoming IPO is set to open for subscription on November 25 2024, and will close on November 27 2024. Investors can anticipate the allotment finalisation for the IPO investment on Thursday, November 28 2024. The Rajesh Power Services IPO is scheduled for listing on the BSE SME platform, with the tentative date fixed as Monday, December 2 2024.
This IPO presents an exciting opportunity for those seeking to diversify their portfolios with a promising SME IPO in the market.
The price band for Rajesh Power Services' IPO is set between ₹320 and ₹335 per share. The minimum lot size for retail investors is 400 shares, requiring a minimum investment of ₹134,000. For HNI investors, the minimum lot size is 800 shares (2 lots), amounting to ₹268,000.
Isk Advisors Pvt Ltd is the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd is the registrar. The market maker for Rajesh Power Services' IPO is Sunflower Broking.
| Rajesh Power Services Limited IPO open date | November 25, 2024 (Monday) |
| Rajesh Power Services Limited IPO close date | November 27, 2024 (Wednesday) |
| Allotment allocation | November 28, 2024 (Thrusday) |
| Refund initiation | November 29, 2024 (Friday) |
| Crediting shares to DEMAT | November 29, 2024 (Friday) |
| Date of listing | December 2, 2024 (Monday) |
| UPI mandate confirmation | November 27, 2024 by 5 PM |
Founded in 1971, Rajesh Power Services Limited is a key player in offering consultancy services to state transmission and distribution companies, as well as private utilities and industries.
The company has made strategic investments in HKRP Innovations Limited, a provider of tailored IT solutions for the energy sector. HKRP focuses on IoT and cloud-based solutions, offering products 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) to enhance power grids and renewable energy systems.
The company serves an impressive roster of clients, such as GIFT City, Gujarat Metro Rail Corporation Ltd., IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., and many others.
Rajesh Power Services Ltd. (RPSL) is a renowned name in the EPC contracting space, delivering essential services to power transmission and distribution utilities. This positions the company as a key player in the upcoming IPO investments within the energy sector.
Rajesh Power Services Limited reported a 39.72% increase in revenue and a significant 285.44% rise in profit after tax (PAT) between the financial years ending on March 31 2024 and March 31 2023. The market capitalisation of the Rajesh Power Services IPO is ₹603.25 crore. Furthermore, the Rajesh Power Services Limited IPO GMP stands at ₹50, making it an appealing choice for those exploring upcoming IPOs.
| Period ended | 31st March 2024 | 31st March 2023 | 31st March 2022 |
| Total assets | 24,039.00 | 19,823.38 | 17,562.82 |
| Revenue | 29,506.07 | 21,117.57 | 14,936.84 |
| Profit after tax | 2,602.29 | 675.15 | 344.60 |
| Net worth | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves and surplus | 6,908.31 | 4,344.06 | 3,706.95 |
| Borrowing | 7,767.08 | 5,971.20 | 6,243.33 |
*Amount in ₹ Lakhs
Rajesh Power Services IPO stands out in the SME IPO segment with unique advantages that make it a noteworthy choice for IPO investment. These strengths highlight the company's competitive edge and potential for growth.
The company excels in providing end-to-end solutions across the power infrastructure spectrum. This capability ensures seamless project execution, enhancing client satisfaction.
With advanced solutions like Virtual Feeder Segregation (VFS) and Solar Energy Data Management (SEDM), Rajesh Power Services showcases a forward-thinking approach in a rapidly digitising industry.
Steady revenue growth and healthy profit margins highlight the company's financial resilience and stability.
Investments in green hydrogen and solar power reflect its commitment to environmental sustainability and renewable energy adoption.
A broad client base, including government bodies and industries like Adani Renewables and Gujarat Metro Rail Corporation, strengthens its market presence.
Like any IPO investment, Rajesh Power Services IPO has its challenges. Understanding these potential risks can help investors make informed decisions about this upcoming IPO.
The company's growth is closely tied to developments in the power sector. Regulatory changes or delays in project approvals could impact its performance.
Operating in a highly competitive power infrastructure market, the company faces pressure to innovate and maintain cost efficiency against well-established players.
Large-scale projects often involve operational risks like delays, cost overruns, and resource allocation challenges, which could affect profitability and investor confidence.
Rajesh Power Services Limited IPO review
Rajesh Power Services IPO offers a unique opportunity for IPO investment enthusiasts, particularly those exploring upcoming IPOs in the power infrastructure domain. The company's focus on turnkey solutions and innovative technologies, such as Virtual Feeder Segregation and Solar Energy Data Management, sets it apart in the SME IPO landscape. Its commitment to renewable energy demonstrated through investments in solar power and green hydrogen, aligns with the growing emphasis on sustainability.
Additionally, a diverse client base, including notable names like Adani Renewables and Gujarat Metro Rail Corporation, underscores its strong market presence. While there are inherent risks tied to sectoral dependency and execution, the IPO holds promise for investors seeking to diversify into the power sector.
Choosing the right IPO investment requires a balanced evaluation of opportunities and risks. Rajesh Power Services IPO offers a compelling case for those looking to explore upcoming IPOs in the SME segment. Its innovative technology and sustainable energy initiatives reflect a forward-thinking business model that aligns with evolving industry trends. Investors should carefully assess how this IPO complements their portfolio strategy and financial goals, ensuring a thoughtful decision.
1. What is the price range for Rajesh Power Services IPO?
The price range for Rajesh Power Services SME IPO is set at ₹320 to ₹335 per share.
2. When will the Rajesh Power Services IPO list on the stock exchange?
The tentative listing date for this IPO is December 2 2024, on the BSE SME platform.
3. What are the primary strengths of Rajesh Power Services Limited?
The company's strengths include turnkey project expertise, innovative technology solutions, and a focus on renewable energy initiatives, making it a promising IPO investment.
For android only