Rulka Electricals Shocks the Market with 123% Premium on Debut, lists at ₹525Rulka Electricals Shocks the Market with 123% Premium on Debut, lists at ₹525

Rulka Electricals Limited had a remarkable market debut on May 24, with shares listing at Rs 525 on the NSE SME platform. This opening price reflects a 123% premium over the issue price of Rs 235, showcasing strong investor interest.

Rulka Electricals IPO continued to attract immense interest, achieving a remarkable subscription rate of 629.42 times on Day 3. This exceptional response underscores robust investor confidence in the company’s prospects within the electrical industry.

Rulka Electricals Limited provides comprehensive services, including design, supply, installation, testing, commissioning, and maintenance for projects like warehouses, retail stores, theatres, hospitals, and hospitality facilities nationwide. With over a decade of experience, they offer tailored O&M services, routine inspections, emergency response, and customised Annual Maintenance Contracts, supported by advanced infrastructure for efficient client service.

Rulka Electricals Ltd aims to utilise INR 14 crores from the IPO for working capital, supplemented by borrowings, and allocate remaining funds for corporate purposes like operating expenses, project development, and business enhancement.