380/3, Siddhi House, Opp. Lal Bunglows
B/H Sasuji Dinning Hall, Off C.G. Road,
Navrangpura Ahmedabad - 380006,
Phone: +91 6358736465
Email: cs@rajeshpower.com
Website: https://www.rajeshpower.com/
Last updated on 27-Nov-2024 17:12:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 913600 | 42384000 | 46.39 |
| HNIs | 691200 | 95946400 | 138.81 |
| Retail | 1604800 | 51289600 | 31.96 |
| Total | 3209600 | 189620000 | 59.08 |
| Total Applications: 155371 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹62.43 | @8% ₹71.34 | @9% ₹80.26 | @10% ₹89.18 | @11% ₹98.1 | @12% ₹107.02 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 400 | 134000 | 4012 |
| HNI | 2 | 800 | 268000 | 1728 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.50% | 1604800 |
| NII (HNI) | 14.43% | 691200 |
| Anchor | 27.90% | 1336400 |
| QIB | 19.07% | 913600 |
| Market Maker | 5.09% | 244000 |
| Total | 100.00% | 4790000 |
Rajesh Power Services IPO Details
| Issue Size | 4,790,000 shares (aggregating up to ₹160.47 Cr) |
| Fresh Issue | 2,790,000 shares (aggregating up to ₹93.47 Cr) |
| Offer for Sale | 2,000,000 shares of ₹10 (aggregating up to ₹67.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15,217,392 |
| Share holding post issue | 18,007,392 |
| Market Maker portion | 244,000 shares |
| Market Maker | Sunflower Broking |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 24.89% | 36.41% | 12.17% |
| ROCE | 25.61% | 29.99% | 15.15% |
| RONW | 25.47% | 30.87% | 11.51% |
| EPS (basic) | 18.76 | 17.1 | 4.44 |
| P/E Pre IPO | 19.59 | ||
| P/E Post IPO | 10.9 |
Company Financials
Rajesh Power Services Limited Financial Information (Restated Standalone)
Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 33,822 | 24,039 | 19,823 | 17,563 |
| Revenue | 31,785 | 29,506 | 21,118 | 14,937 |
| Profit | 2,768 | 2,602 | 675 | 345 |
| Net Worth | 11,122 | 8,430 | 5,866 | 5,229 |
| Reserves | 9,600 | 6,908 | 4,344 | 3,707 |
| Borrowing | 7,973 | 7,767 | 5,971 | 6,243 |
About Company
Established in 1971, Rajesh Power Services Limited (RPSL) provides consultancy, EPC contracting, and specialized services to power transmission and distribution utilities, catering to both renewable and non-renewable energy sectors. The company serves prestigious clients, including GIFT City, Gujarat Metro Rail Corporation, IFFCO, Adani Renewables, Reliance Industries, Torrent Power, Sabar Dairy, Hindustan Coca Cola, and more. RPSL has also invested in HKRP Innovations Limited, which develops customized IT solutions for the energy sector, focusing on IoT and cloud-based technologies. HKRP's offerings include the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM). With a strong workforce of 940 employees as of April 1, 2024, RPSL combines decades of industry expertise with technological innovation to deliver comprehensive energy solutions across India.
Strength
Consistent Financial Performance: Sustained growth with healthy profit margins over the years.
Proven Track Record: Over two decades of successful EPC project execution in the power sector.
Renewable Energy Focus: Strategic plans to expand into solar energy and hydrogen electrolyzers for future growth.
Weakness
Bid Dependency: Revenue relies heavily on government bid acceptance, with potential risks if bids are not awarded.
Working Capital Intensity: EPC operations require significant working capital, posing financial strain if cash flows are insufficient.
Early-Stage Solar Expansion: Solar business expansion is in its nascent phase, with associated uncertainties and risks