Rajesh Power Services IPO offers 27.9L fresh shares (₹93.27 Cr) & 20L OFS shares (₹67 Cr) to fund equipment, solar power, green hydrogen, working capital & general needs.
Open Date : November 25, 2024 Close Date : November 27, 2024 Allotment Date: November 28, 2024 Listing Date: December 2, 2024
IPO Price: INR 320-335 per share Lot Size:400 Shares. Total Issue Size: INR 160.47 crores
Rajesh Power Services IPO shows mixed performance: 1. Strong revenue growth, increased profitability. 2. Higher EPS, improved RoNW. 3. Rising equities, liabilities, and assets. 4. Signals business expansion and investor confidence.
Rajesh Power Services IPO Peer Comparison: 1. Rajesh Power Services leads in scale. 2. Advait Infratech, Kay Cee Energy, and Viviana Power Tech show varied revenue, profitability, and share values.
Rajesh Power Services IPO Objective: 1. Invest in advanced equipment. 2. Establish a solar power plant. 3. Develop expertise in green hydrogen technology. 4. Secure additional working capital for growth and innovation.
Rajesh Power Services IPO Risks: 1. Reliance on government projects and competitive bidding. 2. High working capital in EPC activities, Clearance delays. 3. Operates 1 MW solar plant, plans 1300 KW DC project.