IPO Details
Bidding Dates
16 May '24 - 21 May '24
Minimum Investment
₹141,000/1 Lot ( 600 Shares )
Price Range
₹223 - ₹235
Maximum Investment
₹141,000/1 Lot ( 600 Shares )
Retail Discount
To be announced
Issue Size
₹26.40 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 16, 2024
IPO Closing Date
May 21, 2024
Basis of Allotment
May 22, 2024
Initiation of Refunds
May 23, 2024
Credit of Shares to Demat
May 23, 2024
IPO Listing Date
May 24, 2024
Cut-off time for UPI mandate confirmation
May 21, 2024
About Rulka Electricals Limited
Rulka Electricals Limited, originally incorporated on May 30, 2013, as Rulka Electricals Private Limited, is a public limited company specialising in turnkey project solutions across various sectors including industrial, commercial, retail, and theatre. The company, headquartered in Mumbai, Maharashtra, offers a comprehensive range of services such as electrical solutions, electrical panels, solar EPC contracts, and maintenance services.
With a robust portfolio that includes the design, supply, installation, testing, and commissioning of projects, Rulka Electricals has successfully completed warehouse, retail store, theatre, hospital, and hospitality projects nationwide. The company is dedicated to ensuring the longevity and efficiency of the systems it installs, offering tailored Operations and Maintenance (O&M) services and Annual Maintenance Contracts (AMC). These services encompass routine inspections, preventive maintenance, and emergency responses.
The company's electrical contracting services range from high and low-tension electrical testing to installations of street lights and data & voice cabling. Additionally, Rulka Electricals offers comprehensive firefighting systems, including fire alarms, sprinkler systems, fire extinguishers, and more. Their security solutions span CCTV systems, access control, and public address systems, while their IT and networking services support the digital infrastructure essential for modern businesses.
Industry Outlook:
- The Indian power sector is projected to experience significant transformation, with renewable energy's share expected to rise from 18% to 44% by 2030. This shift presents opportunities for companies to invest in and develop renewable projects, tapping into the government's target of 500 GW of renewable capacity by 2030.
- With India's power demand forecasted to grow and reach 817 GW by 2030, companies can benefit from increased demand fundamentals and government focus on infrastructure, positioning themselves to meet rising electricity needs and capitalising on policy support for cleaner energy transitions.
Rulka Electricals Limited IPO Details
Rulka Electricals Limited IPO Dates
Rulka Electricals IPO is open from May 16, 2024, to May 21, 2024. The IPO will be listed on NSE Emerge.
Rulka Electricals Limited IPO Price Band
Rulka Electricals is a book-built issue IPO. The price band is set to ₹223 to ₹235 per share.
Rulka Electricals Limited IPO Lot Size
The lot size for Rulka Electricals Limited’s IPO is 1 lot of 600 shares, with a minimum investment of ₹1,41,000.
Rulka Electricals Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Allocate ₹1400 Lakhs to meet working capital requirements.
- Direct funds toward general corporate purposes.
- Cover public offer expenses estimated at ₹23.33 Lakhs.
Peer Details
As per DRHP, there is only one listed peer of Rulka Electricals Limited: HEC Infra Projects Limited
How to Check the Allotment Status of the Rulka Electricals Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the Individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Rulka Electricals Limited IPO
- Registered office: A - 20, Shiva Industrial Estate Co. Limited., Lake Road, Near Tata Power, Bhandup West, Mumbai City, Mumbai- 400078, Maharashtra, India
- Phone: +91 9029086744, 022 49742572
- E-mail:info@replservices.com
IPO Financials
| Particulars | 11-Month period Ending on February 29, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Revenue from Operations (in ₹ lakh) | 6518.64 | 4,683.74 | 3,626.51 | 1,959.09 |
| Profit After Tax (PAT) (in ₹ lakh) | 565.77 | 280.52 | 112.08 | 53.72 |
| Cash & Cash Equivalents (in ₹ lakh) | 160.56 | 9.75 | 38.97 | 8.59 |
| Net Worth (in ₹ lakh) | 1290.15 | 557.33 | 276.82 | 164.74 |
| Debt to Equity Ratio (x) | 2.16 | 4.06 | 5.83 | 4.95 |
| Return on Equity (ROE)(%) | 61.25% | 67.26% | 50.76% | 38.96% |
| Return on Capital Employed (RoCE) (%) | 33.67% | 36.23% | 37.82% | 24.66% |
| Diluted Earning Per Share (EPS)-in absolute ₹ | 16.67 | 8.50 | 3.40 | 1.63 |
Know before investing
Strengths
4-
The company maintains rigorous ISO-certified quality standards, ensuring competitive advantage and high customer satisfaction, leading to repeat orders and strong client relationships.
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With a diversified client base across warehouse, retail, industrial, and hospitality sectors, the company effectively passes on operational cost increases, enhancing financial stability.
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Its scalable business model supports expansion into new domestic and international markets while maintaining consistent service quality in the power sector.
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Led by promoters with over a decade of experience, the company's management ensures efficient operations and familiarity with regulatory environments, positioning it for sustained growth.
Risks
4-
The company faces risks from customer concentration, with significant revenue dependence on a few clients, posing potential volatility and exposure to contract risks.
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Geographical concentration in Maharashtra, generating 52.90% to 66.27% of regional revenue, heightens exposure to local economic and policy changes.
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Reliance on third-party contractors and employees introduces performance risks and potential delays or cost overruns in project execution.
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Long construction periods may lead to unforeseen operational and maintenance costs, impacting profitability due to fixed revenue structures.
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Rulka Electricals Limited IPO FAQs
Rulka Electricals Limited IPO is a book-built IPO. The IPO will be open from May 16, 2024, to May 21, 2024.
The Basis of Allotment will happen on Wednesday, May 22, 2024.
The IPO subscription window will open on May 16, 2024.
The lot size for Rulka Electricals Limited’s IPO is 1 lot of 600 shares, with a minimum investment of ₹1,41,000.
The listing date for Rulka Electricals is Friday, May 24, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
