Rajesh Power Services Limited

Company Profile
Company Name Rajesh Power Services Limited
Open Date 25-11-2024
Close Date 27-11-2024
Exchange BSE SME
Lot Size 400 Shares
Issue Price ₹319 to ₹335 per share
Issue Size 4,790,000 shares
Application Amount ₹134,000
Recommendation Apply
Company Background – Incorporation: Established in 1971, the company‘s registered office is located in Ahmedabad, Gujrat. Business Activity: The company is into business of Engineering, Procurement and Construction (EPC) contracting and providing services to power transmission and distribution utilities companies. The company under takes PEC contacts for to laying EHV/HV/LV underground cable networks, setup solar Power plants and setting up of substations. The company offers services to Renewable Power sector (solar power) and Non-Renewable Power sector. Revenue Bi-furcation: As of FY 24, Gujarat accounted for ₹27,350.26 (95.98%) of the revenue, while Rajasthan contributed 4.02%. Entity-wise, ₹12,943.03 lakhs (or 45.43%) were generated from non-government entities, and ₹15,553.94 lakhs (or 54.57%) came from government entities. Human Resource: The company has 940 employees as on April 1, 2024.
(Read more on the review)

Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Sep-24
Revenue 14,680.88 20,717.94 28,496.98 31,305.99
EBITDA 1,103.13 1,400.84 3,395.59 3,725.94
Net Profit 344.60 675.15 2,602.29 2,768.25
RoCE 9.53% 12.69% 24.10% 22.66%
ROE 6.59% 11.51% 30.87% 24.89%
P/E 148.23 75.45 19.59 9.40

Tentative Timeline

Opening Date 25-11-2024
Closing Date 27-11-2024
Basis of Allotment 28-11-2024
Initiation of Refunds 29-11-2024
Credit of Shares to Demat 29-11-2024
Listing Date 02-12-2024

Objects of the Issue

 Capital Expenditure: - Purchase of cable identification, testing and fault location equipment - Setting up of DC Solar Power Plant having a capacity of 1300 KW; - Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers
To meet working capital requirements
General Corporate Purposes

Contact Information

Registered Office Rajesh Power Services Limited 380/3, Siddhi House, Opp. Lal Bunglows B/H Sasuji Dinning Hall, Off C.G. Road, Navrangpura Ahmedabad - 380006
Phone +91 6358736465
Email s@rajeshpower.com
Website https://www.rajeshpower.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered 1,336,400
QIB Shares Offered Not more than 50.00% of the Net Issue
NII (HNI) Shares Offered Not less than 15.00% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 100.00%
Shareholding Post Issue (Promoters) 84.51%

Contact Us to Enable Your Success!