Rulka Electricals IPO

    Rulka Electricals IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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    Rulka Electricals IPO Latest updates:
    The company will enter the market on May 16 and listing is expected to be on 24 May 2024.



    What is the latest GMP of Rulka Electricals IPO?*
    Latest GMP & Subject to rates: Click

    Check Subscription status of Rulka Electricals IPO

    On 17 May 2024 @ 5.00 (Day 2) 
    Review: slow trend until now
    QIB:         04.62 T
    NII:          27.62 T
    RII:          52.84 T
    Total:      33.66 T

    Application: 32919
    Amount wise Subscription: Rs. 844 Crore

    What is the business of Rulka Electricals?

    Rulka Electricals is in business of turnkey projects contractor engaged in offering solution for all types of Electrical & Fire Fighting Turnkey Projects. The company offers wide range of services like Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turn Key Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting and Data & Voice Cabling Installation across the Industrial Sector, Commercial, Retail and Theatre sector. It offers electrical contracting services for all types of industrial plants.
    It has integrated operations which involve Designing, Supplying, Installation, Testing & Commissioning of the project. It also maintains the projects as per the Requirements. It has completed Warehouses projects across country. Also, it has completed Retail Stores projects, theatres project across country & many more Hospitals & Hospitality.
    The O&M and AMC services contribute 1.21%, 2.33%, 5.64% to the total revenue for the year ended March 31, 2023, March 31, 2022 and March 31, 2021.
    It derives its 100% revenue from Turnkey Projects – Turnkey Project includes material and Labour both together with Engineering, Designing and Consultancy Services

    Get more information about the company @ https://www.replservices.com/

    Rulka Electricals IPO Details
    IPO opens on  16 May 2024
    IPO closes on  21 May 2024
    Issue Type Book Built Issue IPO
    Issue Size 1123200 Shares /
    Rs 26.40 Crore
    * Fresh Issue 842400 Shares /
    Rs 19.80 Crore
    * Offer for Sale  280800 Shares /
    Rs 6.60 Crore
    Market Maker Portion 56400 Shares
    Net offer to Public 1066800 Shares/
    Rs.25.07 Crore
    Face Value per share Rs. 10
    Price Band Rs.223-235
    Employee discount  Rs. 0 per share
    Retail Lot Size  600 Shares
    Listing will at  NSE SME
    Shares offered in Rulka Electricals IPO
      Shares Rs. (Crore)
    QIB (50%) 533400 12.54
    NII  (15%) 160020   3.76
    RII  (35%) 373380   8.77
    Total Shares  1066800 25.07
    Retail portion will be oversubscribed by  622
    Forms
    How much Shares to Apply in Rulka Electricals IPO?
    Min Retail Application 600 Shares Rs. 141000
    Min HNI Application  1200 Shares Rs.282000

    Who are the Promoters of Rulka Electricals IPO?
    The promoters of the company are MR. RUPESH LAXMAN KASAVKAR AND MR. NITIN INDRAKUMAR AHER

    What are the Objects of Rulka Electricals IPO?

    The Offer comprises only of a Fresh Issue of Equity shares.

    The company intends to utilize the proceeds of the Offer to meet the following objects: –

    To Meet Working Capital Requirement
    General Corporate Purpose
    To Meet the Offer Expenses

    Rulka Electricals IPO Tentative timetable
    IPO opens on 16 May 2024
    IPO Closes on 21 May 2024
    IPO Allotment on  22 May 2024
    Refund Initiation  23 May 2024
    Credit of Shares 23 May 2024
    Listing on 24 May 2024
    Registered Office of the Company
    Rulka Electricals Limited
    A – 20, Shiva Industrial Estate Co. Ltd.,
    Lake Road, Near Tata Power, Bhandup West
    Mumbai City, Mumbai- 400078

    Who is the Lead Manager of Rulka Electricals IPO?
    Beeline Broking Ltd
    Who is the Registrar to IPO?
    Bigshare Services Pvt Ltd
    Rulka Electricals IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Crore Rs. %
    2020-21 19.60 0.54 1.63 32.61
    2021-22 36.27 1.12 3.40 40.49
    2022-23  46.90 2.81 8.50 50.33
    Book Value of the Share on 31.03.2023 Rs 16.89    
    BV of the Share at cap price after the IPO Rs.     
    Offer Price/upper band   Rs. 235    
    Rulka Electricals IPO
    Key Performance indicators
    Price/last EPS of 22-23  27.64
    Price/BV Ratio 13.91
    Upper price/BV after IPO 


    How Rulka Electricals IPO compares with the Peers?

    As per DRHP FV Total Income PE Ratio
      Rs. In Cr. @
    Rulka Electricals 10 –                       27.64
    HEC Infra Projects 10 37.24
           
           
            

     

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Rulka Electricals IPO To the point Guidance
    Rulka Electricals is in business of turnkey projects contractor engaged in offering solution for all types of Electrical & Fire Fighting Turnkey Projects. The company offers wide range of services like Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turn Key Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting and Data & Voice Cabling Installation across the Industrial Sector, Commercial, Retail and Theatre sector. It offers electrical contracting services for all types of industrial plants. 
    Size:  The net offer is of Rs. 25.07 Crore/1066800 shares. Retail portion is Rs. 8.77 crore and it can get one time subscribed with 622 applications. The size of the IPO is not large, looking to the investor frenzy and over subscription may not be an issue.
    Financial Snapshot:
    The company has shown sharp rise in the topline and profits of the year 2022-23, a year prior to the IPO. The incomes has shoot up to Rs. 46.90 crore as compared to Rs. 19.60 crore in the year 2020-21. Similarly, the net profit has moved up to Rs. 2.81 crore compared to Rs. 54 lac in the year 2020-21. If the company can maintain such high income and profits, then the offer price is reasonable.  Small listing gain is possible.

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    Rulka Electricals IPO

    Rulka Electricals IPO FAQs

    What is Rulka Electricals IPO?

    Rulka Electricals is a SME IPO of 1123200 equity shares of the face value of Rs. 10 aggregating up to Rs.26.40 Crores. The issue is priced at Rs.223-235 per share. The minimum order quantity is 600 Shares.

    When will Rulka Electricals IPO open?

    Rulka Electricals IPO opens on May 16, 2024, and closes on May 21, 2024.

    What is the lot size of Rulka Electricals IPO?
    Rulka Electricals IPO lot size is 600 Shares, and the minimum amount required is Rs.141000.

    How to apply for Rulka Electricals IPO?
    You can apply in Rulka Electricals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    When is Rulka Electricals IPO allotment?
    The finalization of Basis of Allotment for Rulka Electricals IPO will be done on May 22, 2024, and the allotted shares will be credited to your demat account by May 23, 2024.

    When is Rulka Electricals IPO listing date?
    Rulka Electricals IPO listing date is May 24, 2024.

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