31 Mar 2022
Assets175.63
Total Income149.37
Profit After Tax3.45
NET Worth52.29
Reserves and Surplus37.07
Total Borrowing62.43
At a glance
Updated 2026-09-12The shares listed at ₹636.50, a 90.00% move from the issue price. Rajesh Power Services is a SME IPO with an issue size of ₹160.47 crore, proposed for listing on BSE SME. The offer opens on 25th Nov 2024 and closes on 27th Nov 2024. The issue structure includes a fresh issue of ₹85.29 crore and an offer-for-sale component of ₹67.00 crore. The current listing schedule points to 2nd Dec 2024.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹160.47 Cr
Fresh issue₹85.29 Cr
Offer for sale₹67.00 Cr
Face value₹10
Price band₹319.00–₹335.00
Allotment28th Nov 2024
Listing2nd Dec 2024
Listing performance
Full performance ↗Issue price₹335.00
Listing price₹636.50
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹157.00
GMP / upper price46.87%
Est. listing₹492.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Nov 2024
Closes27th Nov 2024
Allotment28th Nov 2024
Refund29th Nov 2024
Demat29th Nov 2024
Listing2nd Dec 2024
Subscription demand
Full bidding ↗Total59.00×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 400 | ₹134,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of cable identification, testing and fault location equipments | ₹17.95 Cr |
| Setting up of DC Solar Power Plant having capacity of 1300 KW | ₹4.16 Cr |
| Inhouse development of Technical Expertise in Production of Green Hydrogen and associated equipment such as Electrolysers | ₹3.00 Cr |
| Additional Working Capital Requirement | ₹30.00 Cr |
| General Corporate Purpose | ₹22.86 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue317.85₹ Cr · +7.7% vs prior year
PAT27.68₹ Cr · +6.4% vs prior year
Assets338.22₹ Cr · +40.7% vs prior year
Net Worth111.22₹ Cr · +31.9% vs prior year
Borrowing79.73₹ Cr · +2.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets198.23
Total Income211.18
Profit After Tax6.75
NET Worth58.66
Reserves and Surplus43.44
Total Borrowing59.71
31 Mar 2024
Assets240.39
Total Income295.06
Profit After Tax26.02
NET Worth84.30
Reserves and Surplus69.08
Total Borrowing77.67
30 Sep 2024
Assets338.22
Total Income317.85
Profit After Tax27.68
NET Worth111.22
Reserves and Surplus96.00
Total Borrowing79.73
KPIs
| KPI | Sep 30, 2024 |
|---|---|
| ROE | 24.89% |
| ROCE | 25.61% |
| Debt / Equity | 0.92% |
| RoNW | 25.47% |
| PAT Margin | 8.11% |
| Price to Book Value | 4.55 |
Valuation & shareholding
Pre-IPO EPS17.10
Post-IPO EPS30.75
Pre-IPO P/E19.59
Post-IPO P/E10.9
Promoter holding pre100%
Promoter holding post73.4%
Market cap₹603.25 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Rajesh Power Services IPO | — | 10.90 x | — | — |
| G V IPO | — | 14.01 x | — | — |
| Anawil Wire IPO | — | 18.43 x | — | — |
| Avana Electrosystems IPO | — | 16.07 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manger Fees including Underwriting Fees | ₹0.45 Cr |
| Fees Payable to Registrar to the Offer | ₹0.05 Cr |
| Fees Payable for Advertising and Publishing Expenses | ₹0.10 Cr |
| Fees Payable to Regulators including Stock Exchange | ₹0.10 Cr |
| Payment for Printing & Stationery, Postage, etc. | ₹0.02 Cr |
| Fees Payable to Auditor, Legal Advisors and other Professionals | ₹0.05 Cr |
| Others (Fees payable for Marketing & distribution expenses, Selling Commission, Syndicate Members Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | ₹14.74 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- ISK Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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