Rajesh Power Services Soars 90% on BSE SME Debut, Lists at ₹636.5 - Read More!Rajesh Power Services Soars 90% on BSE SME Debut, Lists at ₹636.5 - Read More!

Rajesh Power Services shares debuted on the BSE SME platform on December 2 with an impressive 90% premium over the IPO price of ₹335. The stock opened at ₹636.5, reflecting strong investor demand and significant growth potential on its listing day.

Rajesh Power Services IPO’s Day 3 subscription saw remarkable interest, with QIBs at 46.39 times, NIIs at 138.46 times, and retail investors at 31.96 times, totaling 59 times overall. The strong response reflects significant investor confidence in the company’s prospects on the final subscription day.

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Rajesh Power Services Limited, Established in 1971, provides consultancy to state utilities and private industries in transmission and distribution. Through HKRP Innovations, it delivers IoT and cloud-based IT solutions for energy, including SFMS and SEDM. The company offers services in power supply projects, underground cabling, substation construction, and operations across renewable and non-renewable power sectors.

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Rajesh Power Services Ltd aims to invest in advanced equipment, build a 1300 KW DC solar plant, and develop green hydrogen expertise. Proceeds will also cover ₹30 crores for working capital and support corporate purposes like partnerships, acquisitions, branding, and facility upgrades.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.