What you must know about Rulka Electricals IPO?
by 5paisa Research Team
13 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 24-May-24
- IPO Price Range ₹ 223 to ₹ 235
- Listing Price ₹ 525
- Listing Change 123.4%
- Last Traded Price ₹ 326.6
- Current Change 39.0%
Rulka Electricals IPO Details
- Open Date 16-May-24
- Close Date 21-May-24
- Lot Size 600
- IPO Size ₹ 26.40 Cr
- IPO Price Range ₹ 223 to ₹ 235
- Min Investment ₹ 141,000
- Listing Exchange NSE SME
- Basis of Allotment 22-May-24
- Refunds 23-May-24
- Credit to Demat Account 23-May-24
- Listing Date 24-May-24
Rulka Electricals IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 16-May-24 | 1.01 | 5.25 | 10.69 | 6.76 |
| 17-May-24 | 4.62 | 27.55 | 52.52 | 33.49 |
| 21-May-24 | 204.22 | 1,350.15 | 658.32 | 676.83 |
Rulka Electricals IPO Synopsis
Last Updated: 21st May, 2024 by 5paisa
Rulka Electricals IPO is all set to open from 16th May to 21st May 2024. The company undertakes various Electrical & Fire Fighting Turnkey Projects. The IPO includes a fresh issue of 842,400 shares worth ₹19.80 cr. and an Offer-for-Sale (OFS) of 280,800 shares worth ₹6.60. The total IPO size is ₹26.40 cr. The share allotment date is 22nd May 2024, and the IPO will be listed on 24th May 2024 on the stock exchanges. The price band is ₹223 to ₹235 and the lot size is 600 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Rulka Electricals IPO
Rulka Electricals Limited plans to utilize the raised capital from the IPO to:
● To meet the working Capital requirement.
● General Corporate Purposes.
● To fund the public issue expenses.
About Rulka Electricals
Rulka Electricals undertakes various Electrical & Fire Fighting Turnkey Projects. Its key offerings include Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turn Key Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting and Data & Voice Cabling Installation. These solutions are used in the Industrial Sector, Commercial, Retail and Theatre sectors.
Apart from this, Rulka also provides Operations and Maintenance (O&M) services for electrical and fire-fighting systems. The company earns 100% of its revenue via Turnkey Projects, which include material and Labour together with Engineering, Designing and Consultancy Services.
Peer Comparison
● HEC Infra Projects Limited
For More Information:
Webstory on Rulka Electricals IPO
Rulka Electricals Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | As of Feb FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 65.18 | 46.83 | 36.26 |
| EBITDA | 8.11 | 4.01 | 2.20 |
| PAT | 5.65 | 2.80 | 1.12 |
| Particulars (in Rs. Crores) | As of Feb FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 40.82 | 28.26 | 19.19 |
| Share Capital | 3.41 | 0.11 | 0.11 |
| Total Borrowings | 27.91 | 22.69 | 16.42 |
| Particulars (in Rs. Crores) | As of Feb FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -3.35 | -1.95 | 0.70 |
| Net cash from / (used in) investing activities | -2.08 | -0.48 | -0.69 |
| Net cash flow from / (used in) financing activities | 6.95 | 2.14 | 0.30 |
| Net increase (decrease) in cash and cash equivalents | 1.50 | -0.29 | 0.30 |
Rulka Electricals IPO Key Points
-
Strengths
1. The company has an existing client relationship which is quite diverse.
2. Its business model is scalable.
3. The company also maintains high quality.
4. Experienced Promoters and management team.
-
Risks
1. The company’s r under-construction projects may be subject to cost overruns or delays.
2. It is subject to performance risk from third-party contractors.
3. For revenue, the company is highly dependent on Maharashtra.
4. It has reported negative cash flow in the past.
5. High working capital requirements.
Rulka Electricals
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Rulka Electricals IPO FAQs
When does Rulka Electricals IPO opens and closes?
Rulka Electricals IPO opens from 16th May to 21st May 2024.
What is the size of Rulka Electricals IPO?
The size of Rulka Electricals IPO is ₹26.40 cr.
How to apply for Rulka Electricals IPO?
To apply for Rulka Electricals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Rulka Electricals IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Rulka Electricals IPO?
The price band of Rulka Electricals IPO is fixed at ₹223 to ₹235 per share.
What is the minimum lot size and investment required for Rulka Electricals IPO?
The minimum lot size of Rulka Electricals IPO is 600 shares and the investment required is ₹1,33,800.
What is the allotment date of Rulka Electricals IPO?
The share allotment date of Rulka Electricals IPO is 22nd May 2024.
What is Rulka Electricals IPO listing date?
The Rulka Electricals IPO will be listed on 24th May 2024.
Who are the book runners for Rulka Electricals IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Rulka Electricals IPO.
What is the objective of Rulka Electricals IPO?
Rulka Electricals Limited plans to utilize the raised capital from the IPO to:
● To meet the working Capital requirement.
● General Corporate Purposes.
● To fund the public issue expenses.
Contact Details of Rulka Electricals IPO
Contact Information
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Rulka Electricals IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
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