The IPO for Rajesh Power Services is scheduled to launch on November 25. A SME, Rajesh Power Services, plans to raise ₹67 crores through an IPO. With a market lot of 400 shares, the Rajesh Power Services IPO price range is set at ₹320 to ₹335.
The price range for Rajesh Power Services’ IPO is ₹320 to ₹335 per share. HNI is 15%, QIB is 50%, and the retail quota is 35%. On December 2, 2024, Rajesh Power Services will go public on the BSE. November 28, 2024 is the date of Rajesh Power Services’ initial public offering. In 2024, the company’s revenue was ₹284.97 crores, up from ₹207.18 crores in 2023. In 2024, the business reported a profit of ₹26.02 crores, compared to ₹6.75 crores in 2023.
Rajesh Power Services IPO Details
| IPO Open Date | November 25, 2024 |
| IPO Close Date | November 27, 2024 |
| Listing Date | Monday, December 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹320 to ₹335 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 4,790,000 shares
(aggregating up to ₹160.47 Cr) |
| Fresh Issue | 2,790,000 shares
(aggregating up to ₹93.47 Cr) |
| Offer for Sale | 2,000,000 shares of ₹10 (aggregating up to ₹67.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Rajesh Power Services Financial Analysis
The fiscal year that concluded on March 31, 2024, saw a 39.72% growth in revenue and a 285.44% increase in profit after tax (PAT) for Rajesh Power Services Limited.
| FY 2024 | |
| Assets | 33,822.42 |
| Revenue | 31,785.09 |
| Profit After Tax | 2,768.25 |
| Net Worth | 11,122.22 |
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt/Equity | 0.92 |
| RoNW | 25.47% |
| P/BV | 4.55 |
| PAT Margin (%) | 8.11 |
About the Company – Rajesh Power Services
Rajesh Power Services is an Indian engineering and contracting firm. It is a major participant in the EPC space for infrastructure and subterranean power transmission. The business offers state transmission and distribution firms as well as private sectors turnkey project execution and consulting services, as well as end-to-end solutions that comprise design, consulting, procurement, project execution, and testing. It is now working on large projects under the Gujarat State DISCOMS’s Robust Network Scheme and the Central Government’s Revamped Distribution Sector Scheme (RDSS), with an emphasis on data centers, metro and high-speed rail corridor projects, and adjacent sectors.
