Rajesh Power Services Ltd. is launching its IPO from November 25 to November 27, 2024, with an issue size of INR 160.47 crore. The price band is set between INR 320 and INR 335 per share. The Rajesh Power IPO GMP is at INR 102 per share, indicating positive investor sentiment​. This IPO presents an opportunity to invest in a company with a solid financial track record and expanding footprint in the renewable energy sector
| Table Of Content |
|---|
| Rajesh Power Services Ltd |
| Rajesh Power IPO Details |
| Rajesh Power IPO GMP |
| Rajesh Power IPO Opening Date |
| Rajesh Power IPO Financial Performance |
| Rajesh Power IPO Apply or Not? |
Rajesh Power Services Ltd.
Established in 1971, Rajesh Power Services has carved a niche for itself in the power transmission and distribution sector. The company provides a range of consultancy services to both state-owned and private utilities across India. They also specialize in the development and maintenance of solar power plants. Their successful projects include high-voltage systems and partnerships with large players like Adani’s solar projects in Rajasthan​
Rajesh Power IPO Details
| Details | Information |
|---|---|
| Issue Size | INR 160.47 crore (Fresh issue: INR 93.47 crore, OFS: INR 67 crore) |
| Price Band | INR 320 to INR 335 per share |
| Listing Platform | BSE SME platform |
| Retail Quota | 35% of the shares |
| Application Details | Minimum of 400 shares, costing INR 134,000. HNI option available for more shares |
Rajesh Power IPO GMP
The grey market premium (GMP) for Rajesh Power IPO is currently hovering around INR 102 per share​, While GMP can offer some insights into market sentiment, it’s important to note that these figures can be volatile and do not guarantee long-term performance post-listing.
| Date | IPO Price (₹) | GMP (₹) | Estimated Listing Price (₹) | Gain % |
|---|---|---|---|---|
| November 16, 2024 | ₹335 | ₹0 | ₹335 | 0% |
| November 17, 2024 | ₹335 | ₹0 | ₹335 | 0% |
| November 20, 2024 | ₹335 | ₹50 | ₹385 | 14.9% |
| November 22, 2024 | ₹335 | ₹75 | ₹410 | 22.4% |
| November 23, 2024 | ₹335 | ₹102 | ₹437 | 30.44% |
Rajesh Power IPO Opening Date
- IPO Opens: November 25, 2024
- IPO Closes: November 27, 2024
- Allotment Date: November 28, 2024
- Shares Credit Date: November 29, 2024
- Listing Date: December 2, 2024​
Rajesh Power IPO Financial Performance
Rajesh Power has shown strong financial growth in recent years:
| Period | Revenue (₹ crores) | Profit After Tax (PAT) |
|---|---|---|
| FY 2024 | ₹284.97 crore | ₹26.02 crore |
| FY 2023 | ₹207.18 crore | ₹6.75 crore |
| FY 2022 | ₹146.81 crore | ₹3.45 crore |
This growth, especially in the last fiscal year, positions the company as a promising candidate for investment.
Rajesh Power IPO Apply or Not?
Given Rajesh Power’s solid financials and promising growth prospects, particularly in the renewable energy sector, this IPO might appeal to medium- to long-term investors. The company’s expansion into green hydrogen and solar power plants is a key positive, as these sectors are poised for growth in India​.
However, while the valuation seems reasonable with a price-to-earnings (P/E) ratio of 19.59, it’s crucial to remember that any IPO comes with risks—especially in sectors like power infrastructure, where regulatory changes and project delays can impact profitability​.
If you’re looking for an investment in the power transmission and renewable energy space with a promising growth outlook, Rajesh Power IPO could be a good pick. But if you’re more risk-averse or prefer stability, you might want to tread carefully.
Top FAQs
- What’s the price range for Rajesh Power IPO?
- The price band is INR 320–335 per share​.
- How many shares can retail investors apply for?
- Retail investors can apply for a minimum of 400 shares, costing INR 134,000​.
- When will the shares be listed?