Rajesh Power Services
IPO Timeline
Issue open date
25 Nov 2024Issue close date
27 Nov 2024UPI mandate deadline
27 Nov 2024Allotment finalization
28 Nov 2024Refund initiation
29 Nov 2024Share credit
29 Nov 2024Listing date
2 Dec 2024Mandate end date
12 Dec 2024Lock-in end date for anchor investors (50%)
28 Dec 2024Lock-in end date for anchor investors (remaining)
26 Feb 2025Key Dates
Quick Stats
About the Company
Rajesh Power Services Limited (RPSL) evolved from a partnership firm in 1971 to a private limited company in 2010 and became a public limited company in 2024. The company, under the leadership of experienced promoters and third-generation management, specializes in power infrastructure services for renewable (solar power) and non-renewable sectors. RPSL has expertise in building, operating, and maintaining solar power plants, high-voltage transmission lines, and substations, alongside offering utility and consultancy services. With a strong ₹23,581.74 crore order book as of March 2024, the company is executing projects under key government schemes. RPSL also holds a 26% stake in HKRP Innovations, providing IoT and cloud-based energy solutions.
Strengths
- Strong financial performance with consistent revenue and profit growth.
- Reliable order book valued at ₹2,358.17 crores showcases execution expertise.
- Expanding into solar and hydrogen electrolyser projects, aligning with industry trends.
Risks
- Dependence on government bid acceptance risks revenue impact from rejections.
- Early-stage solar expansion poses scalability and execution challenges.
- Nascent hydrogen electrolyser projects depend on long-term success.
- Labor-intensive operations face risks from shortages, strikes, or regulatory changes.
Rajesh Power Services IPO – Frequently Asked Questions
- The price band for the Rajesh Power Services IPO is set at ₹319 to ₹335 per share.
- The Rajesh Power Services IPO opens on November 25, 2024 and closes on November 27, 2024.
- The tentative listing date for the Rajesh Power Services IPO is December 2, 2024.
- You can apply for the Rajesh Power Services IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Rajesh Power Services, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Rajesh Power Services IPO is 400 shares. Investors must apply for at least one lot (i.e., 400 shares).