May 24, 2024
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Rulka Electricals IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Rulka Electricals IPO Post listing Review:
The scrip is listed at Rs. 525, @ premium of 123.40% over the issue price of Rs. 235. The listing has been very much below the expectations of the grey market players.
What was the last GMP of Rulka Electricals IPO?*
Premium: Rs. 400
Subject to Rs. 182400
Check Subscription status of Rulka Electricals IPO
On 21 May 2024 @ 4.00 (Day 3) (Closed)
Review: subscription flow improved now
QIB: 204.22 T
NII: 1350.15 T
RII: 658.32 T
Total: 676.83 T
Application: 410134
Amount wise Subscription: Rs. 16968 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.
Quicklinks
Rulka Electricals IPO GMP today details?
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.
