Contents
- 1 Table of Contents
- 2 Rulka Electricals IPO Datiles
- 3 Rulka Electricals IPO Date
- 4 Rulka Electricals IPO GMP Today
- 5 Rulka Electricals IPO Subscription Status
- 6 Rulka Electricals IPO Allotment Status
- 7 Know About Go Rulka Electricals Limited
- 8 Rulka Electricals Limited Promoters Holding
- 9 Rulka Electricals Limited Anchor Investors
- 10 Objects of the Issue IPO
- 11 Rulka Electricals Limited Financial Report (Restated)
- 12 Key Performance Indicator (KPI) of Rulka Electricals Limited
- 13 Peer Group Comparison Of Rulka Electricals Limited
- 14 Review
- 15 FAQs
Rulka Electricals IPO (Rulka Electricals Limited IPO) is a book-built issue worth Rs 26.40 crores. This comprises a fresh issue of 8.42 lakh shares, valued at Rs 19.80 crores, and an offer for the sale of 2.81 lakh shares, totalling Rs 6.60 crores.
The subscription for Rulka Electricals opens on May 16, 2024, and concludes on May 21, 2024. The allotment is expected to be finalized by May 22, 2024. Rulka Electricals is slated to list on NSE SME with a tentative listing date of May 24, 2024.
The price band for Rulka Electricals is set at ₹223 to ₹235 per share. The minimum lot size for an application is 600 shares. Retail investors are required to invest a minimum of ₹141,000, while the minimum investment for HNIs is 2 lots (1,200 shares), amounting to ₹282,000.
Referring Document – Rulka Electricals IPO RHP
Table of Contents
Rulka Electricals IPO Datiles
| Open Date | May 16, 2024 |
| Close Date | May 21, 2024 |
| Listing Date | May 24, 2024 |
| IPO Size | 11.23 Lakh Shares (aggregating up to ₹26.40 Cr) |
| Fresh Issue | 8.42 Lakh shares of ₹10 Face Value (aggregating up to ₹19.80 Cr) |
| Face Value | ₹10 per share |
| IPO Price Band | ₹223 to ₹235 per share |
| IPO Listing on | NSE SME |
| Lot Size | 600 Shares |
| OFS | 2.8 Lakh shares of ₹10 Face Value (aggregating up to ₹6.61 Cr) |
| Share Offered to Retail | 35% of the total issue share |
| Share Offered to QBI | 50% of the total issue share |
| Share Offered to HNI | 15% of the total issue share |
Rulka Electricals IPO Date
| IPO Open Date | May 16, 2024 |
| IPO Close Date | May 21, 2024 |
| Basis of Allotment | May 22, 2024 |
| Initiation of Refunds | May 23, 2024 |
| The credit of Shares | May 23, 2024 |
| Listing Date | May 24, 2024 |
Rulka Electricals IPO GMP Today
The Grey Market Premium (GMP) for Rulka Electricals NSE Emarge IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the Rulka Electricals IPO’s Gray Market Premioum and the expected listing price. See IPO GMP Live >>
Rulka Electricals IPO Subscription Status
For real-time updates on the subscription status of the Rulka Electricals IPO, kindly navigate to our “IPO Subscription Status Live” section in the menu or click the provided link. The subscription window for the Rulka Electricals IPO commences on May 16, 2024.
Rulka Electricals IPO Allotment Status
You can check the allotment status for the Rulka Electricals IPO by following these steps. First, click the link Link – ” IPO Allotment Status” Then, select the IPO Name from the options. After that, enter either your Application Number or PAN Number.
After entering the required information, click submit and view the allotment status of the IPO. You may watch the IPO allotment status around the expected date of May 22, 2024.
Know About Go Rulka Electricals Limited
- Rulka Electricals specializes in turnkey project contracting, offering solutions for electrical and firefighting projects.
- Services provided include electrical solutions, electrical panels, solar EPC contracts, and turnkey electrical warehousing projects.
- The company caters to industrial, commercial, retail, and theatre sectors, offering a diverse range of services.
- Rulka Electricals also provides commercial and industrial electric services, maintenance services, and data and voice cabling installations.
- They offer electrical contracting services for various types of industrial plants, contributing to their integrated operations.
- The company covers the entire project lifecycle, from designing and supplying to installing, testing, and commissioning.
- Maintenance services are also provided to ensure projects meet ongoing requirements and standards.
- Rulka Electricals has completed warehouse, retail, theatre, hospital, and hospitality projects across the country.
- All revenue generated by the company is derived from turnkey projects, which include materials, labour, engineering, designing, and consultancy services.
- As of February 29, 2024, Rulka Electricals employs 92 individuals to support its operations.
Rulka Electricals Limited Promoters Holding
Promoters and their respective equity holdings along with the average cost of acquisition per equity share (in ₹) are as follows:
- Mr. Rupesh Laxman Kasavkar: 14,23,328 shares, acquired at zero cost.
- Mr. Nitin Indrakumar Aher: 14,23,328 shares, acquired at zero cost.
- Before the issue, the shareholding stood at 86.28%, while post-issue, it decreased to 69.22%.
Rulka Electricals Limited Anchor Investors
| Details | Values |
|---|---|
| Bid Date | May 15, 2024 |
| Shares Offered | 319,200 |
| Anchor Portion Size (In Cr.) | Rs 7.50 crore |
| Anchor Lock-in Period End Date (50% Shares) | June 21, 2024 |
| Anchor Lock-in Period End Date (Remaining Shares) | August 20, 2024 |
Objects of the Issue IPO
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Offer Expenses
Rulka Electricals Limited Financial Report (Restated)
| Particulars | For the Period / Year ended on (₹ in Lakh) | |||
| 29 February 2024 | 31 March 2023 | 31 March 2022 | 31 March 2021 | |
| Liabilities | 4,082.09 | 2,826.95 | 1,919.04 | 982.41 |
| Assets | 4,082.09 | 2,826.95 | 1,919.04 | 982.41 |
| Revenue | 6527.77 | 4,689.78 | 3,627.41 | 1,960.11 |
| PAT (Profit After Tax) | 565.77 | 280.52 | 112.08 | 53.72 |
| Net Worth | 1,290.15 | 557.33 | 276.82 | 164.74 |
Key Performance Indicator (KPI) of Rulka Electricals Limited
As of 29 February 2024, Rulka Electricals Limited’s reported revenue of 6527.77 lakhs, PAT of ₹565.77 lakhs, and a Net Worth of ₹1,290.15 lakhs. Key performance indicators include EBITDA of ₹811.32 lakhs, RoCE of 33.67%, RoE of 61.25%, and RoNW of 43.85%.
| Key Financial Performance | The period ended February 29, 2024 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Growth in Revenue from Operations (GRO) | 39.18% | 29.15% | 85.11% | 13.25% |
| Gross Profit (₹ in Lakhs) | ₹1125.76 | ₹666.96 | ₹409.57 | ₹248.03 |
| Gross Profit Margin (%) | 17.27% | 14.24% | 11.29% | 12.66% |
| EBITDA | ₹811.32 | ₹401.07 | ₹220.07 | ₹105.03 |
| EBITDA Margin (%) | 12.45% | 8.56% | 6.07% | 5.36% |
| PAT | ₹565.77 | ₹280.52 | ₹112.08 | ₹53.72 |
| PAT Margin (%) | 8.68% | 5.99% | 3.09% | 2.74% |
| RoE (%) | 61.25% | 67.26% | 50.76% | 38.96% |
| RoCE (%) | 33.67% | 36.51% | 37.82% | 24.66% |
| Net Fixed Asset Turnover (In Times) | 24.83x | 17.71x | 16.19x | 10.44x |
| Net Working Capital Days | 36.13 | 17.49 | 7.86 | 7.45 |
| Operating Cash Flows (₹ in Lakhs) | -335.82 | -195.44 | 69.63 | 16.93 |
Peer Group Comparison Of Rulka Electricals Limited
Comparing the financial performance of Rulka Electricals Limited and HEC Infra Projects Limited for the last month (February 29, 2024):
| Particulars | Rulka Electricals Limited | HEC Infra Projects Limited |
|---|---|---|
| Revenue from Operation | ₹6518.64 | ₹5173.39 |
| EBITDA | ₹811.32 | ₹465.02 |
| EBITDA Margin | 12.45% | 8.99% |
| PAT | ₹565.77 | ₹78.83 |
| PAT Margin | 8.68% | 1.52% |
Rulka Electricals Limited IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400 093,
Maharashtra, India
Tel No: 022 – 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Rulka Electricals Limited IPO Book Running Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Gujarat, India.
Tel. No.: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com
Rulka Electricals Limited Contact
Rulka Electricals Limited
A – 20, Shiva Industrial Estate Co. Ltd.,
Lake Road, Near Tata Power, Bhandup West
Mumbai City, Mumbai- 400078,
Phone: +022 41276806
Email: info@replservices.com
Website: https://www.replservices.com/
Rulka Electricals Limited IPO Application Form PDF
To download the Rulka Electricals IPO application form click on Application Form Download ASBA IPO Forms PDF.
Review
Cash Flow is week otherwise good. May Apply.
Disclaimer: This is only my opinion, not any investment advice or tips. All above the information is for education or information purposes only. Do your own analyses or get advice from a SEBI-registered advisory before investment. IPO Investment is related to market risk. You may lose your capital.
FAQs
What is the size of Rulka Electricals Limited IPO?
Rulka Electricals Limited IPO is a book-built issue worth Rs 26.40 crores, comprising a fresh issue of 8.42 lakh shares valued at Rs 19.80 crores and an offer for sale of 2.81 lakh shares totalling Rs 6.60 crores.
What is the price band for Rulka Electricals IPO?
The price band for Rulka Electricals IPO is set at ₹223 to ₹235 per share.
What is the minimum investment requirement for retail investors and HNIs in Rulka Electricals IPO?
Retail investors are required to invest a minimum of ₹141,000, while the minimum investment for HNIs is 2 lots (1,200 shares) amounting to ₹282,000.
