Rulka Electricals IPO will open for subscription from 16 May 2024. The company aims for an issue size of ₹26.40 Cr through this IPO.
Company Overview
| Full name | Rulka Electricals Limited |
| Sector | Capital Goods |
| Industry | Electrical Equipment |
| Company Website | https://www.replservices.com/ |
About Company
Rulka Electricals specializes in turnkey project contracting, providing solutions for various types of electrical and firefighting projects. The company offers a wide range of services, including electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, commercial and industrial electric services, maintenance services, electrical contracting, and data and voice cabling installations across industrial, commercial, retail, and theater sectors. Additionally, Rulka Electricals offers electrical contracting services for various types of industrial plants.
Rulka Electricals has integrated operations that involve designing, supplying, installing, testing, and commissioning projects. The company also maintains projects according to requirements. It has completed warehouse projects across the country, as well as retail stores, theater projects, and numerous hospitals and hospitality projects.
The company derives 100% of its revenue from turnkey projects. These projects encompass both materials and labor, along with engineering, designing, and consultancy services. As of 29 February 2024, the company has 92 employees on its payroll.
The Objectives of the Issue
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Offer Expenses
Rulka Electricals IPO Timetable
| IPO Opening date | 16 May 2024 |
| IPO Closing | 21 May 2024 |
| Basis of Allotment | 22 May 2024 |
| Initiation Refund | 23 May 2024 |
| Credit to Demat Account | 23 May 2024 |
| Listing Date | 24 May 2024 |
Rulka Electricals IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹26.40 Cr – 1,123,200 shares |
| Fresh Issue | ₹19.80 Cr – 842,400 shares |
| Offer for sale | ₹6.60 Cr – 280,800 shares |
| Face value | ₹10 per share |
| Price Band | ₹223 to ₹235 per share |
| Lot size | 600 Shares |
| Market Maker portion | 56,400 shares |
| Shareholding pre-issue | 3,416,000 |
| Shareholding post-issue | 4,258,400 |
| Listing Exchange | NSE SME |
Rulka Electricals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹141,000 |
| Retail (Max) | 1 | 600 | ₹141,000 |
| HNI (Min) | 2 | 1,200 | ₹282,000 |
Rulka Electricals Offer Documents
Rulka Electricals IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 319,200 (28.42%) |
| Market Maker Shares Offered | 56,400 (5.02%) |
| QIB Shares Offered | 213,600 (19.02%) |
| NII (HNI) Shares Offered | 160,200 (14.26%) |
| Retail Shares Offered | 373,800 (33.28%) |
| Total Shares Offered | 1,123,200 (100%) |
Rulka Electricals Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 11M FY 2024 | |
| Revenue | 19.59 | 36.27 | 46.84 | 65.19 |
| Expenses | 18.87 | 34.37 | 43.28 | 57.71 |
| Net income | 0.54 | 1.12 | 2.81 | 5.68 |
Rulka Electricals Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.63 | 3.40 | 8.50 |
| PE ratio | – | – | 26.24 – 27.65 |
| RONW (%) | 32.61 | 40.49 | 50.33 |
| NAV | 4.99 | 8.39 | 16.89 |
| ROCE (%) | 24.66 | 37.82 | 36.51 |
| EBITDA (%) | 5.36 | 6.07 | 8.56 |
| Debt/Equity* | 4.95 | 5.83 | 4.06 |
Company Promoters
- Mr. Rupesh Laxman Kasavkar
- Mr Nitin Indrakumar Aher
Promoter Holding
| Pre Issue Share Holding | 86.28% |
| Post Issue Share Holding | 69.22% |
Rulka Electricals Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 23 May 2024 | 380 | – | 1,80,000 |
| 22 May 2024 | 320 | – | 1,75,000 |
| 21 May 2024 | 255 | – | 1,42,000 |
| 20 May 2024 | 225 | – | 1,06,000 |
| 18 May 2024 | 200 | – | 1,02,500 |
| 17 May 2024 | 165 | – | 67,500 |
| 16 May 2024 | 77 | – | 38,400 |
| 15 May 2024 | 57 | – | 31,000 |
| 14 May 2024 | 48 | – | 27,700 |
| 13 May 2024 | 15 | – | – |
Rulka Electricals IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,13,600 | 1,60,200 | 3,73,800 | 7,47,600 |
| 21 May 2024 | 204.22 | 1350.51 | 658.32 | 676.90 |
| 17 May 2024 | 4.62 | 27.75 | 51.35 | 32.94 |
| 16 May 2024 | 1.01 | 5.17 | 10.35 | 6.58 |
Rulka Electricals Offer Allotment Status
Rulka Electricals IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Rulka Electricals IPO Listing Details
| Listing Date | 24 May 2024 |
| BSE Scrip Code | – |
| NSE Symbol | RULKA |
| ISIN | INE0R7301013 |
| Final Issue Price | ₹235 per share |
Rulka Electricals IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹235.00 |
| Open | ₹525.00 |
| Low | ₹498.75 |
| High | ₹551.25 |
| Last Trade | ₹498.75 |
Rulka Electricals Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Rulka Electricals IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Rulka Electricals Contact Details
RULKA ELECTRICALS LIMITED
Unit-B-109, 1st Floor, Shiva Estate, Lake Road,
Bhandup (West), Mumbai-400078, Maharashtra
Phone: +022 41276806, 022 49742572, 91-9029086744
E-mail: info@replservices.com
Website: www.replservices.com
Rulka Electricals IPO FAQs
What is the Rulka Electricals Issue size?
Rulka Electricals’ offer size is ₹ 25.05 – ₹ 26.40 crores.
What is the Rulka Electricals IPO price band?
Rulka Electricals’ public offer price is ₹ 223 – ₹ 235 per share.
What is the lot size of the Rulka Electricals Offer?
Rulka Electricals offer lot size is 600 shares.
What is Rulka Electricals Offer GMP today?
Rulka Electricals IPO GMP today is ₹ 380 per share.
What is the Rulka Electricals kostak rate today?
Rulka Electricals’ kostak rate today is ₹ NA per application.
What is Rulka Electricals Subject to the Sauda rate today?
Rulka Electricals is Subject to the Sauda rate today is ₹ 1,80,000 per application.
Final thoughts
Rulka Electricals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
