Rulka Electricals IPO is a book built issue of Rs 26.40 crores. The issue is a combination of fresh issue of 8.42 lakh shares aggregating to Rs 19.80 crores and offer for sale of 2.81 lakh shares aggregating to Rs 6.60 crores.
Rulka Electricals IPO opens for subscription on May 16, 2024 and closes on May 21, 2024. The allotment for the Rulka Electricals IPO is expected to be finalized on Wednesday, May 22, 2024. Rulka Electricals IPO will list on NSE SME with tentative listing date fixed as Friday, May 24, 2024.
Rulka Electricals IPO price band is set at ₹223 to ₹235 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹141,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹282,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Rulka Electricals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rulka Electricals IPO is Sunflower Broking.
Refer to Rulka Electricals IPO RHP for detailed information.
Rulka Electricals IPO Details
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹223 to ₹235 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,123,200 shares (aggregating up to ₹26.40 Cr) |
| Fresh Issue | 842,400 shares (aggregating up to ₹19.80 Cr) |
| Offer for Sale | 280,800 shares of ₹10 (aggregating up to ₹6.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,416,000 |
| Share holding post issue | 4,258,400 |
| Market Maker portion | 56,400 shares Sunflower Broking |
Rulka Electricals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Rulka Electricals IPO Anchor Investors Details
Rulka Electricals IPO raises Rs 7.50 crore from anchor investors. Rulka Electricals IPO Anchor bid date is May 15, 2024.
| Bid Date | May 15, 2024 |
| Shares Offered | 319,200 |
| Anchor Portion Size (In Cr.) | 7.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 20, 2024 |
Rulka Electricals IPO Timeline (Tentative Schedule)
Rulka Electricals IPO opens on May 16, 2024, and closes on May 21, 2024.
| IPO Open Date | Thursday, May 16, 2024 |
| IPO Close Date | Tuesday, May 21, 2024 |
| Basis of Allotment | Wednesday, May 22, 2024 |
| Initiation of Refunds | Thursday, May 23, 2024 |
| Credit of Shares to Demat | Thursday, May 23, 2024 |
| Listing Date | Friday, May 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 21, 2024 |
Rulka Electricals IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹141,000 |
| Retail (Max) | 1 | 600 | ₹141,000 |
| HNI (Min) | 2 | 1,200 | ₹282,000 |
| Lot Size Calculator | |||
Rulka Electricals IPO Promoter Holding
The promoters of the Company are Mr. Rupesh Laxman Kasavkar and Mr Nitin Indrakumar Aher
| Share Holding Pre Issue | 86.28% |
| Share Holding Post Issue | 69.22% |
About Rulka Electricals Limited
Founded in May 2013, Rulka Electricals Limited is an electrical and Fire-Fighting solutions company. The company offers various services, including electrical solutions, electrical panels, solar EPC contracts, turn-key electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data and voice cabling installation. These services cater to various sectors such as industrial, commercial, retail, and theatre.
The company’s integrated operations encompass designing, supplying, installing, testing, and commissioning the project.
The company generates 100% of its revenue through Turnkey Projects, which include both material and labor along with engineering, design, and consulting services.
The company’s services can be divided into the following categories:-
- Electrical Services
- Fire Fighting Systems
- Security Systems
- Public Address Systems
- Access Control Systems
- Audio-Video Systems Services
- CCTV Systems Service
- IT & Networking Services
- Solar Systems
The company is ISO 9001:2015 certified for its quality management systems.
As of February 29th, 2024, the company has 92 employees on its payroll.
Rulka Electricals Limited Financial Information (Restated Standalone)
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,082.09 | 2,826.95 | 1,919.04 | 982.41 |
| Revenue | 6,527.77 | 4,689.78 | 3,627.41 | 1,960.11 |
| Profit After Tax | 565.77 | 280.52 | 112.08 | 53.72 |
| Net Worth | 1,290.15 | 557.33 | 276.82 | 164.74 |
| Reserves and Surplus | 948.55 | 546.33 | 265.82 | 153.74 |
| Total Borrowing | 1,104.89 | 527.07 | 281.46 | 230.99 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Rulka Electricals IPO is Rs 100.07 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 61.25% |
| ROCE | 33.67% |
| Debt/Equity | 2.16 |
| RoNW | 43.85% |
| P/BV | 6.22 |
| PAT Margin (%) | 8.68 |
Check Rulka Electricals IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.21 | 14.49 |
| P/E (x) | 28.62 | 16.21 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of February 29, 2024 that is available in RHP.
Objects of the Issue (Rulka Electricals IPO Objectives)
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 Prospectus
Rulka Electricals Limited Contact Details
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 IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html