Rajesh Power Services Limited is coming up with an IPO consisting of a fresh issue of 27.9 lakh shares worth INR 93.27 crores and an offer to sell 20 lakh existing shares worth INR 67 crores. The company aims to invest in equipment, solar power, green hydrogen expertise, working capital, and general needs.
Rajesh Power Services IPO – Important Dates
| Rajesh Power Services Limited IPO Date | November 25, 2024 to November 27, 2024 |
| Rajesh Power Services Limited IPO Listing Date | December 2, 2024 |
| Rajesh Power Services Limited IPO Price | INR 320-335 per share |
| Rajesh Power Services Limited IPO Lot Size | 400 Shares |
| Rajesh Power Services Limited IPO Total Issue Size | INR 160.47 crores |
| Rajesh Power Services Limited IPO Basis of Allotment | November 28, 2024 |
| Rajesh Power Services Limited IPO Initiation of Refunds | November 29, 2024 |
| Rajesh Power Services Limited IPO Credit of Shares to Demat | November 29, 2024 |
| Rajesh Power Services Limited IPO Issue Type | Book Built Issue IPO |
| Rajesh Power Services Limited IPO Listing At | BSE SME |
Read more about Rajesh Power Services Limited IPO GMP
Rajesh Power Services Limited IPO – Company Profile
Rajesh Power Services Limited has invested in HKRP Innovations Limited, which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based innovations, including Smart Feeder Management, Virtual Feeder Segregation, and Solar Energy Data Management systems.
They offer services in the renewable and non-renewable power sectors. RPSL specializes in solar power projects, EHV transmission lines, substations, underground power systems, utility services, O&M, and consultancy for government and private power companies.
RPSL provides comprehensive power sector services, including EHV transmission, substations, cable laying, distribution network revamping, solar power supply projects, and O&M for substations and transmission networks across all voltage levels.
Rajesh Power Services Ltd IPO Fundamental Analysis
Rajesh Power Services Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth, with increased profitability, higher EPS, improved RoNW, rising equities, and liabilities, and total assets, indicating potential business expansion and investor confidence.
- Revenue Trend: The revenue increased from ₹14,680.88 lakhs in March 2022 to ₹20,717.94 lakhs in March 2023. The revenue for the current year’s 6-month period ending September 2024 is INR 31,305.99 lakh.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹344.60 lakh in March 2022 to ₹2,768.25 lakh by September 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹2.26 in March 2022 to ₹18.19 by September 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has increased from 6.59% to 24.89%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Check out the other upcoming IPOs this month:
| Upcoming IPO | IPO Going Live |
| Rosmerta Digital Services Limited IPO | N/A |
| Avanse Financial Services Limited IPO | N/A |
| Nisus Finance Services Co Limited IPO | N/A |
| Lamosaic India Limited IPO | Nov 21, 2024 |
| Enviro Infra Engineers Limited IPO | Nov 22, 2024 |
| C2C Advanced Systems Limited IPO | Nov 22, 2024 |
| Rajesh Power Services Limited IPO | Nov 25, 2024 |
| Rajputana Biodiesel Limited IPO | Nov 26, 2024 |
| Apex Ecotech Limited IPO | Nov 27, 2024 |
Rajesh Power Services IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 September 2024 |
| Revenue (₹ in lakhs) | 14,680.88 | 20,717.94 | 31,305.99 |
| Equity (₹ in lakhs) | 5,228.69 | 5,865.80 | 11,122.22 |
| Expenses (₹ in lakhs) | 14,496.64 | 20,257.84 | 28,168.84 |
| Profit and Loss After Tax (₹ in lakhs) | 344.60 | 675.15 | 2,768.25 |
| Diluted EPS only (₹) | 2.26 | 4.44 | 18.19 |
| Return on Net Worth (%) | 6.59 | 11.51 | 24.89 |
| NAV per Equity Share (₹) | 34.36 | 38.55 | 73.09 |
| Total Assets (in lakhs) | 17,562.82 | 19,823.38 | 33,822.42 |
| Total Liabilities (in lakhs) | 12,334.13 | 13,957.58 | 22,700.2 |
Rajesh Power Services Limited IPO Peer Comparison
Rajesh Power Services Ltd., Advait Infratech, Kay Cee Energy and Infra, and Viviana Power Tech are compared for financial metrics. Rajesh leads on a business scale, while others demonstrate varied performance in revenue, profitability, and share values.
| Company | Type of financial | Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | RoNW (%) | NAV (₹ in lakhs) |
| Rajesh Power Services Ltd. | Standalone | 28,496.98 | 10 | – | 17.10 | 30.87 | 55.40 |
| Advait Infratech Limited | Standalone | 20,743.95 | 10 | 80.71 | 21.45 | 28.65 | 73.00 |
| Kay cee Energy and Infra Limited | Standalone | 6,446.52 | 10 | 37.00 | 7.61 | 14.67 | 40.72 |
| Viviana Power Tech Limited | Standalone | 6,552.91 | 10 | 85.04 | 10.96 | 26.73 | 41.02 |
Rajesh Power Services Ltd IPO Objective
The main objective of Rajesh Power Services Limited is to invest in advanced equipment, establish a solar power plant, develop expertise in green hydrogen technology, and secure additional working capital for business growth and innovation.
1. Capital Expenditure:
i. Purchase of cable identification, testing, and fault location equipment: The company intends to use INR 17.95 crores to acquire advanced electrical instruments and systems to expand its expertise in EHV/HV/LV underground cable networks, ensuring reliable diagnostics, fault detection, and efficient maintenance services.
ii. Setting Up Of DC Solar Power Plant Having Capacity of 1300 KW: The company plans to utilize INR 4.16 crores for setting up a 1300 KW DC solar power plant in Ahmedabad, covering costs for equipment, transmission lines, civil works, installation, and operations over the next 12 years.
iii. Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers: The company aims to utilize INR 3 crores to develop expertise in green hydrogen electrolysis, covering technical consultant fees, know-how transfer, collaboration with electrolyzer manufacturers, staff costs, and trial run expenses for project execution.
2. Additional Working Capital Requirement: The company will fulfill additional working capital requirements of INR 30 crores from the net proceeds of the issue, with the balance covered by borrowings and internal accruals in FY 2024-25, based on an order book of INR 235.82 crores.
3. General Corporate Purpose: The company will deploy funds for general corporate purposes, including strategic initiatives, partnerships, joint ventures, acquisitions, addressing business exigencies, refurbishing company-owned/leased facilities, brand promotion activities, and other operational needs.
Rajesh Power Services IPO Risks And Challenges
Rajesh Power Services Limited’s risk includes dependency on government-funded infrastructure projects, competitive bidding, working capital intensity in EPC activities, and clearance delays. The company operates a 1 MW solar plant and plans a 1300 KW DC project.
- The company relies heavily on government-funded infrastructure projects awarded through competitive bidding. Failure to meet pre-qualification criteria or secure bids at competitive rates may adversely affect project acquisition and financial performance.
- The company’s EPC activities are capital intensive, with risks from more extended execution periods, material price fluctuations, and delays in obtaining necessary clearances. A robust project review mechanism helps address issues affecting timely completion.
- RPSL owns and operates a 1 MW Solar Plant under Gujarat’s 1st Solar Scheme and plans to set up a 1300 KW DC solar plant in Vasveliya. The company has executed 394 MW in renewable energy projects.
Rajesh Power Services Ltd IPO – Industry & Market Potential
The global generation, transmission, and distribution market, valued at USD 3247.4 million in 2019, is expected to grow to USD 4261.15 million by 2032. This growth reflects a compound annual growth rate (CAGR) of 2.1% during the forecast period.
India’s transmission segment has evolved into a vast, interconnected grid with a total transmission length of 482,032 km. Significant investments will be crucial for Km and groans, as well as wing capacities in AC a and HVDC substations, to meet future energy goals by 2030.
India’s green transition presents significant investment opportunities, requiring $28-50 billion annually until 2070. Key sectors include renewable energy, e-mobility, and sustainable industrial practices. Achieving net-zero emissions by 2070 will require policy support, capital, and collaboration.
Rajesh Power Services Limited IPO – Type of Offer
Rajesh Power Services Limited plans a fresh issue of shares, seeking INR 93.27 crores to invest in equipment, solar power, green hydrogen expertise, working capital, and general needs. Additionally, the company proposes an offer to sell 20 lakh existing shares.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 93.27 crores. The company intends to utilize the proceeds from the fresh issue to invest in equipment, solar power, green hydrogen expertise, working capital, and general needs.
- Offer for sale: Rajesh Power Services Limited is offering to sell 20 lakh existing shares. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder | No. of shares offered |
| Mrs. Beena Panchal | 3,33,333 |
| Mr. Krunal Panchal | 3,33,334 |
| Mr. Nehal Panchal | 3,33,333 |
| Mr. Rajendra Baldevbhai Patel | 2,72,000 |
| Mr. Praful Patel | 2,72,000 |
| Mr. Vishal Patel | 2,72,000 |
| Mrs. Kalaben Kantibhai Patel | 92,000 |
| Mrs. Jyotsna Ramesh Patel | 92,000 |
Rajesh Power Services IPO Offer Size
The offer size of Rajesh Power Services Limited is INR 160.47 crores, consisting of a fresh issue of 27.9 lakh shares worth INR 93.27 crores and an offer to sell 20 lakh existing shares worth INR 67 crores. The company aims to invest in equipment, solar power, green hydrogen expertise, working capital, and general needs.
Rajesh Power Services Limited IPO Allotment Structure
Rajesh Power Services Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Individual Investors (RII) according to SEBI regulations. 244,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 244,000 shares, are reserved for market makers.
How to apply for Rajesh Power Services IPO?
To apply for the Rajesh Power Services Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Rajesh Power Services Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Rajesh Power Services Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Rajesh Power Services IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Rajesh Power Services Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Rajesh Power Services Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Rajesh Power Services Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Service Private Limited, the registrar of the Rajesh Power Services Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Rajesh Power Services Ltd IPO Offer Registrar
The registrar for the Rajesh Power Services Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. 56-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Center, Mahakali Caves Road,
Andheri East, Mumbai-400 093,
Maharashtra, India.
Tel: +91 22 6263 8200
Email: [email protected],
Website: www.bigshareonline.com
Rajesh Power Services SME IPO – FAQs
1. What is the allotment date of the Rajesh Power Services IPO?
The allotment date of the Rajesh Power Services is November 28, 2024.
2. What is the price band of the Rajesh Power Services IPO?
The price band of the issue is INR 320-335 per share.
3. What is the size of the Rajesh Power Services IPO?
The offer size of Rajesh Power Services Limited is INR 160.47 crores, consisting of a fresh issue of 27.9 lakh shares worth INR 93.27 crores and an offer to sell 20 lakh existing shares worth INR 67 crores. The company aims to invest in equipment, solar power, green hydrogen expertise, working capital, and general needs.
4. What is the listing date of the Rajesh Power Services IPO?
The listing date of the Rajesh Power Services is December 2, 2024.
5. Where is the Rajesh Power Services IPO Getting Listed?
Rajesh Power Services is getting listed on the Bombay Stock Exchange (BSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the Rajesh Power Services Limited IPO?
The open and close dates of Rajesh Power Services Limited are November 25, 2024, and November 27, 2024, respectively.
7. How To Apply For Rajesh Power Services Ltd IPO in Alice Blue?
To apply for the Rajesh Power Services Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Rajesh Power Services Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Rajesh Power Services Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
8. Who is the Book Runner for the Rajesh Power Services IPO?
The Book Runner for the Rajesh Power Services is ISK ADVISORS PRIVATE LIMITED.
