| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹160.47 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹160.47 Cr |
| Fresh Issue | ₹85.29 Cr |
| Offer for Sale | ₹67.00 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน319.00-335.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544291 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | ISK Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 400 shares and in multiples thereof
Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies and 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
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.
Cometitive Strength
As of April 1, 2024, the Company employs 940 people in various departments.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Purchase of cable identification, testing and fault location equipments | 17.95 |
| 2 | Setting up of DC Solar Power Plant having capacity of 1300 KW | 4.16 |
| 3 | Inhouse development of Technical Expertise in Production of Green Hydrogen and associated equipment such as Electrolysers | 3.00 |
| 4 | Additional Working Capital Requirement | 30.00 |
| 5 | General Corporate Purpose | 22.86 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 338.22 | 240.39 | 198.23 | 175.63 |
| Total Income | 317.85 | 295.06 | 211.18 | 149.37 |
| Profit After Tax | 27.68 | 26.02 | 6.75 | 3.45 |
| NET Worth | 111.22 | 84.30 | 58.66 | 52.29 |
| Reserves and Surplus | 96.00 | 69.08 | 43.44 | 37.07 |
| Total Borrowing | 79.73 | 77.67 | 59.71 | 62.43 |
| Amount in ₹ Crore | ||||
| KPI | Sep 30, 2024 |
|---|---|
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt / Equity | 0.92% |
| RoNW | 25.47% |
| PAT Margin | 8.11% |
| Price to Book Value | 4.55 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 17.10 | 30.75 |
| P/E (x) | 19.59 | 10.9 |
| Promoter Holding | 100% | 73.4% |
| Market Cap | โน603.25 Cr. | |