Rajesh Power Services SME IPO Details, Financials, Valuation & Peers
Explore Rajesh Power Services IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Rajesh Power Services Limited (RPSL), established in 1971 as Rajesh Traders, is engaged in the power infrastructure sector. With expertise in power transmission, distribution, and renewable energy, RPSL has established a strong foothold in Western India, particularly in solar power generation. The company owns a 1 MW solar power plant in Gujarat, commissioned under one of the first solar schemes launched by the Gujarat government in 2012. Additionally, RPSL has executed significant projects, including power supply arrangements for Adani’s 300 MW solar plant in Rajasthan. With a robust order book of ₹2,358.17 crore as of March 2024, the company is well-positioned to leverage government initiatives like the Revamped Distribution Sector Scheme (RDSS) and other infrastructure projects to drive growth.
Key Points:
- Core Operations: Specializes in power transmission, distribution, and renewable energy projects. Owns a 1 MW solar power plant in Gujarat and provides turnkey solutions for solar power plants.
- Key Projects
- Delivered power supply solutions for Adani’s 300 MW solar plant in Rajasthan.
- Executing projects under the Central Government’s RDSS and Gujarat’s Robust Network Scheme.
- Order Book: Strong order pipeline of ₹2,358.17 crore as of March 2024, to be executed over three financial years.
- Technological Investments
- Holds a 26% stake in HKRP Innovations Limited, a provider of IoT and cloud-based solutions for the energy sector.
- HKRP innovations include Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), and Solar Energy Data Management (SEDM).
- Contributed ₹6.69 crore to RPSL’s profits in FY 2023-24.
Objects of the Issue
- Purchase of cable identification, testing and fault location equipments
- Setting up of DC Solar Power Plant having capacity of 1300 KW;
- Inhouse development of Technical Expertise in Production of Green Hydrogen and associated equipment such as Electrolysers
- Additional Working Capital Requirement
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 25 Nov - 27 Nov 2024 |
| IPO Price Band | ₹320 - ₹335 per share |
| Fresh Issue | 27,90,000 shares (₹93.47 crore) |
| Offer For Sale | 20,00,000 shares (₹67.0 crore) |
| Total IPO Size | ₹160.47 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 25 Nov 2024 |
| IPO Closing Date | 27 Nov 2024 |
| Basis Of Allotment | 28 Nov 2024 |
| Refunds | 29 Nov 2024 |
| Demat Transfer | 29 Nov 2024 |
| IPO Listing Date | 02 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 149.37 | 211.18 | 295.07 | 317.85 |
| Total Expenses | 144.97 | 202.58 | 261.00 | 281.69 |
| Net Profit/Loss | 3.45 | 6.75 | 26.02 | 27.68 |
| NPM (*) | 2.35 | 3.26 | 9.13 | 8.84 |
| Total Assets | 175.63 | 198.23 | 240.39 | 338.22 |
| Total Liabilities | 123.34 | 139.58 | 156.09 | 227.00 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 2.26 | 4.44 | 17.10 | 18.19 |
| ROE (%) | 6.79 | 12.17 | 36.41 | 24.89 |
| ROCE (%) | 11.32 | 15.15 | 29.99 | 25.61 |
| D/E Ratio | NA | 1.02 | 0.92 | NA |
| Current Ratio | 1.57 | 1.50 | 1.70 | 1.31 |
| EBITDA MARGIN (%) | 6.85 | 5.94 | 10.84 | 11.35 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Rajesh Power Services Ltd. | 284.97 | 19.59 | 17.10 | 30.87 | 55.40 |
| Advait Infratech Limited | 207.44 | 80.71 | 21.45 | 28.65 | 73.00 |
| Kay cee Energy and Infra Limited | 64.47 | 37.00 | 7.61 | 14.67 | 40.72 |
| Viviana Power Tech Limited | 65.53 | 85.04 | 10.96 | 26.73 | 41.02 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 46.39 |
| Non-Institutional Investor (NII/HNI) | 138.46 |
| Retail Individual Investor (RII) | 31.96 |
| Total | 59 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- Mr. Rajendra Baldevbhai Patel
- Mr. Kurang Ramchandra Panchal
- Mr. Kaxil Prafulbhai Patel
- Mr. Utsav Nehal Panchal
Lead Managers
- ISK ADVISORS PRIVATE LIMITED
Company Address
Rajesh Power Services Limited
380/3, Siddhi House, Opp. Lal Bunglows, B/H Sasuji Dinning Hall, Off C.G. Road, Navrangpura Ahmedabad Gujarat- 380006, India
Phone: +91 6358736465
Email: cs@rajeshpower.com
Website: www.rajeshpower.com
FAQs
- What is the issue size of the Rajesh Power Services SME IPO?The Rajesh Power Services SME IPO has an issue size of ₹160.47 crore. This includes a fresh issue of 27,90,000 shares (₹93.47 crore) and an offer for sale (OFS) of 20,00,000 shares (₹67.0 crore).
- What is the price band of the Rajesh Power Services IPO?The price band for the Rajesh Power Services IPO is ₹320 - ₹335 per share.
- What are the bidding dates for the Rajesh Power Services IPO?The Rajesh Power Services IPO will open for bidding on 25 Nov 2024 and close on 27 Nov 2024.
- What is the allotment date for the Rajesh Power Services IPO?The allotment date for the Rajesh Power Services IPO is 28 Nov 2024.
- What is the minimum lot size and investment required for the Rajesh Power Services IPO?The minimum lot size for the Rajesh Power Services IPO is 400 shares and the minimum investment required is ₹1,34,000.
- What is the listing date for the Rajesh Power Services IPO?The listing date for the Rajesh Power Services IPO is 02 Dec 2024.
- What is the Rajesh Power Services IPO grey market premium?The grey market premium (GMP) for the Rajesh Power Services IPO is currently at ₹157, with an expected listing gain of approximately 46.87%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.