Rajesh Power Services Limited IPO

Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies and private utilities and industries.

Rajesh Power Services Limited has invested in HKRP Innovations Limited (HKRP), which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, providing tools like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).

The company offers services to both the Renewable and Non-Renewable segments of the power sector.

The company provides the following services

  1. EHV Underground Cables and Transmission Lines
  2. EHV AIS/GIS Substations including Civil Works
  3. HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
  4. Revamping the entire Distribution Network including Substations, RMUs, Transformers & Cables on Turnkey Basis
  5. Power Supply Arrangement Projects for Solar Power Plants
  6. Operation and Maintenance of EHV, HV, MV & LV Substations
  7. Operation and Maintenance of EHV, HV, MV & LV Transmission and Distribution Network

The company clients include GIFT City, Gandhinagar; Gujarat Metro Rail Corporation Ltd., Gandhinagar; , IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., Dholera; Jay Chemicals Ltd., Saykha; Sabar Dairy, Himmatnagar; Grindwell Norton Limited (Saint Gobain), Hindustan Coca Cola and so on and so forth.

Rajesh Power Services Ltd. (RPSL) specializes in EPC contracting and providing services to power transmission and distribution utilities.

Cometitive Strength

  • Constant Financial Growth maintaining healthy profit margins.
  • Successfully completed numerous power sector projects as an EPC contractor for over 20 years.
  • Looking for ways to expand our business in renewable energy, focusing on solar energy and hydrogen electrolyzers.

As of April 1, 2024, the Company employs 940 people in various departments.

 

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited’s revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33,822.4224,039.0019,823.3817,562.82
Revenue31,785.0929,506.0721,117.5714,936.84
Profit After Tax2,768.252,602.29675.15344.60
Net Worth11,122.228,430.055,865.805,228.69
Reserves and Surplus9,600.486,908.314,344.063,706.95
Total Borrowing7,973.047,767.085,971.206,243.33
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Rajesh Power Services IPO is Rs 603.25 Cr.

KPI as of September 30, 2024.

KPIValues
ROE24.89%
ROCE25.61%
Debt/Equity0.92
RoNW25.47%
P/BV4.55
PAT Margin (%)8.11
 Pre IPOPost IPO
EPS (Rs) 17.130.75
P/E (x) 19.5910.9
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, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Rajesh Power Services IPO Objectives)

The Objects of the Net Issue is to raise funds for:

  1. Capital Expenditure:
    1. Purchase of cable identification, testing and fault location equipments
    2. Setting up of DC Solar Power Plant having a capacity of 1300 KW;
    3. Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers
  2. Additional Working Capital Requirement
  3. General Corporate Purposes.

Rajesh Power Services IPO Details

IPO DateNovember 25, 2024 to November 27, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹320 to ₹335 per share
Lot Size400 Shares
Total Issue Size4,790,000 shares
(aggregating up to ₹160.47 Cr)
Fresh Issue2,790,000 shares
(aggregating up to ₹93.47 Cr)
Offer for Sale2,000,000 shares of ₹10
(aggregating up to ₹67.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue15,217,392
Share holding post issue18,007,392
Market Maker portion244,000 shares

Rajesh Power Services IPO Promoter Holding

The Promoters of the company are Mr. Rajendra Baldevbhai Patel, Mr. Kurang Ramchandra Panchal, Mr. Kaxil Prafulbhai Patel And Mr. Utsav Nehal Panchal.

Share Holding Pre Issue100%
Share Holding Post Issue72.40%

SHARIAH SCREENING for - Rajesh Power Services Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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