Rajesh Power Services Limited IPO GMP

Rajesh Power Services Limited (RPSL) provides Engineering, Procurement, and Construction (EPC) services to both the Renewable and Non-Renewable Power sectors. The company specializes in turnkey projects, including the installation of Extra High Voltage (EHV) cables, transmission lines, and substations, as well as the design and implementation of underground power distribution systems. RPSL also offers operations and maintenance services for solar plants and EHV substations. Additionally, the company provides utility services such as cable fault detection, transformer retrofitting, and consultancy for power substation and cable system design.

Rajesh Power Services, an Book Built Issue amounting to ₹160.47 Crores, consisting an Fresh Issue of 27.90 Lakhs Shares worth ₹93.47 Crores and an Offer for Sale of 20.00 Lakh Shares totaling to ₹67.00 Crores. The subscription period for the Rajesh Power Services IPO opens on November 25, 2024, and closes on November 27, 2024. The allotment is expected to be finalized on or about Thursday, November 28, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, December 2, 2024.

The Share price band of Rajesh Power Services IPO is set at ₹319 to ₹335 equity per share, with a minimum lot size of 400 shares. Retail investors are required to invest a minimum of ₹1,34,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (800 shares), amounting to ₹2,68,000.The Market Capitalisation of the Rajesh Power Services Limited at IPO price of ₹335 per equity share will be ₹ 603.25 Crore.

ISK ADVISORS PRIVATE LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the Issue. Sunflower Broking will act as Market Marker for the Rajesh Power Services.

Rajesh Power Services Limited IPO GMP Today
The Grey Market Premium of Rajesh Power Services Limited IPO is expected to be ₹65 (20%) based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Rajesh Power Services Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 27 November 2024, the Rajesh Power Services IPO live subscription status shows that the IPO subscribed 54.90 times on its Final day of subscription period. Check the Rajesh Power Services IPO Live Subscription Status Today at BSE.

Rajesh Power Services Limited IPO Anchor Investors Report
Rajesh Power Services has raised ₹44.77 Crore from Anchor Investors at a price of ₹335 per shares in consultation of the Book Running Lead Managers. The company allocated 13,36,400 equity shares to the Anchor Investors. CheckFull list of Rajesh Power Services Anchor Investors List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Rajesh Power Services Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Rajesh Power Services IPO allotment date is Thursday, November 28, 2024. Rajesh Power Services IPO Allotment will be out on Thursday, November 28, 2024 and will be live on Registrar Website from the allotment date. Check Rajesh Power Services Limited IPO Allotment Status here. 
Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Rajesh Power Services Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Rajesh Power Services Limited IPO

The proceeds from the Fresh Issue of Rajesh Power Services will be utilized towards the following objectives:

1. Capital Expenditure – ₹2,510.93 Lakhs
   i) ₹1,794.82 Lakhs for the purchase of cable identification, testing, and fault location equipment.
   ii) ₹416.11 Lakhs for setting up a 1,300 KW DC Solar Power Plant.
   iii) ₹300.00 Lakhs for in-house development of technical expertise in the production of green hydrogen and associated equipment such as electrolysers.

2. Additional Working Capital Requirement – ₹3,000 Lakhs

3. Balance for General Corporate Purposes.

Refer to RajeshPower Services Limited RHP for more details about the Company.