Rajesh Power Services Ltd

Rajesh Power Services Ltd IPO

Rajesh Power Services Ltd IPO Price Range is ₹319 - 335, with a minimum investment of ₹1,34,000 for 400 shares.

₹1,34,000

/ 400 shares

Minimum Investment

View Rajesh Power Services Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹319 - 335

Open Date

2024-11-25

Close Date

2024-11-27

IPO Size

₹160.47 Cr

Lot Size

400 shares

Min Investment

₹1,34,000

Listing Exchange

BSE

Rajesh Power Services Ltd IPO Application Timeline

passed
Open Date25 Nov 2024
passed
Close Date27 Nov 2024
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Allotment Date28 Nov 2024
passed
Listing Date2 Dec 2024

IPO Subscription Status

IPO subscribed over

🚀 54.91x

This IPO has been subscribed by 31.96x in the retail category and 46.39x in the QIB category.

Subscription Rate

Total Subscription54.91x
Retail Individual Investors31.96x
Qualified Institutional Buyers46.39x
Non Institutional Investors102.59x
NameRajesh Power Services Ltdx

Strengths and Risks

Strengths

Strengths

  • Consistent Financial Performance.

  • Business execution expertise and Strong Order Book of 2,35,817.40 Lakhs.

  • Exploring opportunities to expand business offerings in renewable energy (Solar Energy and Hydrogen Electrolysers).


Risks

Risks

  • The companys revenues largely depends on acceptance of the bids submitted to the Government and other agencies. Its performance could be affected in case majority of the bids are not accepted / awarded.

  • The company is engaged in Engineering, Procurement, and Construction (EPC) activity which is working capital intensive.

  • Expansion of Solar Business is at initial stage.

  • There are outstanding legal proceedings involving The Company which may adversely affect its business, financial condition and results of operations.

  • The company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income tax and other applicable laws in the last Three years.

  • The Company has incurred penalties or liabilities for non-compliances with certain provisions of the Companies Act and other applicable laws in the last three Years.

  • One of its objects of the Offer is to set up 1300 Kw DC Solar Plant. The company does not own the land in which its proposed Solar Plant is going to be set up and the same are on lease arrangement with family members of promoter. Any termination of such lease and/or non-renewal thereof and attachment could adversely affect its operations.

  • The company is at an early stage to develop expertise in Hydrogen Electrolyser and it majorly depends upon the execution and implementation of the project as per its plan as it is a long-term project.

  • The companys business is manpower intensive and any unavailability of its employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

  • The company failures to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under-construction projects may be subject to cost overruns and can impact its reputation and future projects.

How to Apply for Rajesh Power Services Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Rajesh Power Services Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Rajesh Power Services Ltd

RPSL offers services to Renewable Power sector (solar power) and Non-Renewable Power sector. Rajesh Power Services Limited works as an Engineering, Procurement and Construction (EPC) contractor and providing services to power transmission and distribution utilities companies. Our Company offers services of implementation of Turnkey projects for laying Extra High Voltage cables & transmission lines, setting up Extra High Voltage (EHV) substation, Design and implication of underground power distribution system. Our company is also in providing service of Operations and Maintenance which includes operating and maintaining solar plants and EHV substations. Further, the company is also engaged into providing Utility Services to power plants and power transmission companies, services include cable fault location and rectification, replacement and retrofitting of transformers and switch gears. RPSL also provides Consultancy Services with regard to designing of power substations and cable system.

Frequently Asked Questions of Rajesh Power Services Ltd IPO

What is the size of the Rajesh Power Services Ltd IPO?

The size of the Rajesh Power Services Ltd IPO is ₹160.47 Cr.

What is the allotment date of the Rajesh Power Services Ltd IPO?

Rajesh Power Services Ltd IPO allotment date is Nov 28, 2024 (tentative).

What are the open and close dates of the Rajesh Power Services Ltd IPO?

The Rajesh Power Services Ltd IPO will open on Nov 25, 2024 and close on Nov 27, 2024

What is the lot size of Rajesh Power Services Ltd IPO?

The lot size for the Rajesh Power Services Ltd IPO is 400.

When will my Rajesh Power Services Ltd IPO order be placed?

Your Rajesh Power Services Ltd IPO order will be placed on Nov 25, 2024

Can we invest in Rajesh Power Services Ltd IPO?

Yes, once Rajesh Power Services Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Rajesh Power Services Ltd IPO?

The potential listing gains on the Rajesh Power Services Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Rajesh Power Services Ltd IPO?

'Pre-apply' for Rajesh Power Services Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.