Rajesh Power Services Limited - IPO
SMERajesh Power Services Stock Price
Rajesh Power Services IPO Details
Rajesh Power Services IPO Subscription
Rajesh Power Services IPO Application Wise Breakup
Rajesh Power Services IPO Dates
- 25 Nov 2024Opening dateOPD
- 27 Nov 2024Closing dateCOD
- 28 Nov 2024Basis of AllotmentBOA
- 29 Nov 2024Initiation of RefundsIOR
- 29 Nov 2024Credit of SharesCOS
- 02 Dec 2024Listing dateLID
Rajesh Power Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 400 | ₹134,000 |
| Retain Maximum | 1 | 400 | ₹134,000 |
| HNI Minimum | 2 | 800 | ₹268,000 |
Rajesh Power Services IPO Reservation
Promoter Holding
Rajesh Power Services IPO Valuations
Rajesh Power Services Limited Financial Information
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 Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33,822.42 | 24,039.00 | 19,823.38 | 17,562.82 |
| Revenue | 31,785.09 | 29,506.07 | 21,117.57 | 14,936.84 |
| Profit After Tax | 2,768.25 | 2,602.29 | 675.15 | 344.60 |
| Net Worth | 11,122.22 | 8,430.05 | 5,865.80 | 5,228.69 |
| Reserves and Surplus | 9,600.48 | 6,908.31 | 4,344.06 | 3,706.95 |
| Total Borrowing | 7,973.04 | 7,767.08 | 5,971.20 | 6,243.33 |
| Amount in ₹ Lakhs | ||||
About Rajesh Power Services IPO
Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies and private utilities and industries.
Rajesh Power Services Limited has invested in HKRP Innovations Limited (HKRP), which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, providing tools like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).
The company offers services to both the Renewable and Non-Renewable segments of the power sector.
The company provides the following services
- EHV Underground Cables and Transmission Lines
- EHV AIS/GIS Substations including Civil Works
- HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
- Revamping the entire Distribution Network including Substations, RMUs, Transformers & Cables on Turnkey Basis
- Power Supply Arrangement Projects for Solar Power Plants
- Operation and Maintenance of EHV, HV, MV & LV Substations
- Operation and Maintenance of EHV, HV, MV & LV Transmission and Distribution Network
The company clients include GIFT City, Gandhinagar; Gujarat Metro Rail Corporation Ltd., Gandhinagar; , IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., Dholera; Jay Chemicals Ltd., Saykha; Sabar Dairy, Himmatnagar; Grindwell Norton Limited (Saint Gobain), Hindustan Coca Cola and so on and so forth.
Rajesh Power Services Ltd. (RPSL) specializes in EPC contracting and providing services to power transmission and distribution utilities.
Cometitive Strength
- Constant Financial Growth maintaining healthy profit margins.
- Successfully completed numerous power sector projects as an EPC contractor for over 20 years.
- Looking for ways to expand our business in renewable energy, focusing on solar energy and hydrogen electrolyzers.
As of April 1, 2024, the Company employs 940 people in various departments.
Strength Of Rajesh Power Services IPO
1. Consistent Financial Performance.
2. Business execution expertise and Strong Order Book of 2,35,817.40 Lakhs.
3. Exploring opportunities to expand business offerings in renewable energy (Solar Energy and Hydrogen Electrolysers).
Risk Of Rajesh Power Services IPO
1. Our revenues largely depend on acceptance of the bids submitted to the Government and other agencies. Our performance could be affected in case majority of the bids are not accepted / awarded.
2. Our company is engaged in Engineering, Procurement, and Construction (EPC) activity which is working capital intensive.
3. Expansion of Solar Business is at initial stage.
4. There are outstanding legal proceedings involving our Company which may adversely affect our business, financial condition and results of operations.
5. Our company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income tax and other applicable laws in the last Three years.
6. Our Company has incurred penalties or liabilities for non-compliances with certain provisions of the Companies Act and other applicable laws in the last three Years.
7. One of our objects of the Offer is to set up 1300 Kw DC Solar Plant. We do not own the land in which our proposed Solar Plant is going to be set up and the same are on lease arrangement with family members of promoter. Any termination of such lease and/or non-renewal thereof and attachment could adversely affect our operations.
8. We are at an early stage to develop expertise in Hydrogen Electrolyser and it majorly depends upon the execution and implementation of the project as per our plan as it is a long-term project.
9. Our business is manpower intensive and any unavailability of our employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on our cash flows and results of operations.
10. Our failure to perform in accordance with the standards prescribed in work order of our client could result in loss of business or payment of liquidated damages and any delay in the schedule of our under-construction projects may be subject to cost overruns and can impact our reputation and future projects.
Objectives Rajesh Power Services IPO
- Capital Expenditure:
- Purchase of cable identification, testing and fault location equipments
- Setting up of DC Solar Power Plant having a capacity of 1300 KW;
- Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers
- Additional Working Capital Requirement
- General Corporate Purposes.
Company Contact Details
Rajesh Power Services Limited
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/
Registrar Contact Details
Lead Mangers
Isk Advisors Pvt Ltd
Market Maker
Sunflower Broking