Rajesh Power Services SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Explore Rajesh Power Services IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

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Status
Listed
Biding Dates
25 Nov - 27 Nov 2024
Price Range
₹320 - ₹335
Min Investment
1,34,000
Lot Size
400 shares
Issue Size
₹160.47 crore
Listed Price
₹636.590.00%

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.

IPO Docs

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.

FieldsDetails
IPO Dates25 Nov - 27 Nov 2024
IPO Price Band₹320 - ₹335 per share
Fresh Issue27,90,000 shares (₹93.47 crore)
Offer For Sale20,00,000 shares (₹67.0 crore)
Total IPO Size₹160.47 crore
Face Value₹10
Listing OnBSE

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.

EventDate
IPO Opening Date25 Nov 2024
IPO Closing Date27 Nov 2024
Basis Of Allotment28 Nov 2024
Refunds29 Nov 2024
Demat Transfer29 Nov 2024
IPO Listing Date02 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 Ended31st March 202231st March 202331st March 2024Sep 2024
Total Income149.37211.18295.07317.85
Total Expenses144.97202.58261.00281.69
Net Profit/Loss3.456.7526.0227.68
NPM (*)2.353.269.138.84
Total Assets175.63198.23240.39338.22
Total Liabilities123.34139.58156.09227.00

* 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 Ended31st March 202231st March 202331st March 2024Sep 2024
EPS2.264.4417.1018.19
ROE (%)6.7912.1736.4124.89
ROCE (%)11.3215.1529.9925.61
D/E RatioNA1.020.92NA
Current Ratio1.571.501.701.31
EBITDA MARGIN (%)6.855.9410.8411.35

* 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.

NameRevenueP/EEPSRoNWNAV
Rajesh Power Services Ltd.284.9719.5917.1030.8755.40
Advait Infratech Limited207.4480.7121.4528.6573.00
Kay cee Energy and Infra Limited64.4737.007.6114.6740.72
Viviana Power Tech Limited65.5385.0410.9626.7341.02

* 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 TypeShares 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 TypeSubscribed
Qualified Institutional Buyer (QIB)46.39
Non-Institutional Investor (NII/HNI)138.46
Retail Individual Investor (RII)31.96
Total59

* 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.

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