Rulka Electricals IPO Review

 
Rulka Electricals IPO Review

IPO Open Date: May 16, 2024

IPO Close Date: May 21, 2024

IPO Price: ₹223 to ₹235 per share

Lot Size: 600 Shares

Listing: May 24, 2024

Rulka Electricals is scheduled to hit the market on May 16, 2024 and close on May 21, 2024. Rulka Electricals plans to raise around ₹26.40 Cr through an IPO with a sale of up to 1,123,200 equity shares of ₹10 each.  The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%

Founded in May 2013, Rulka Electricals specializes in providing a wide range of electrical and fire-fighting solutions. Their services encompass electrical solutions, solar EPC contracts, maintenance services, data and voice cabling installation, among others, catering to sectors like industrial, commercial, retail, and theatre. The company's operations are comprehensive, covering designing, supplying, installing, testing, and commissioning projects to ensure seamless delivery.

Rulka Electricals derives all its revenue from Turnkey Projects, offering a holistic package including material, labor, engineering, design, and consulting services. Additionally, the company is ISO 9001:2015 certified for its quality management systems and currently employs 92 individuals as of February 29th, 2024.

Rulka Electricals



Rulka Electricals IPO Details

Rulka Electricals IPO opens on May 16, 2024, and closes on May 21, 2024. The Listing date for Rulka Electricals IPO is on May 24, 2024. The price band for IPO is ₹223 to ₹235 per share and lot size of 600 Shares.

IPO DateMay 16, 2024 to May 21, 2024
Listing DateMay 24, 2024
Price₹223 to ₹235 per share
Lot Size600 Shares
Issue Size₹26.40 Cr
Face Value₹10 per share

Rulka Electricals IPO Tentative Timetable

Rulka Electricals opening date is May 16, 2024 and close date is May 21, 2024. The IPO allotment date is May 22, 2024. The refund initiation of IPO is on May 23, 2024. The credit of shares in demat account is on May 23, 2024. The listing date is on May 24, 2024.

EventDate
IPO OpeningMay 16, 2024
IPO ClosingMay 21, 2024
IPO Allotment DateMay 22, 2024
Refund InitiationMay 23, 2024
Shares Credit to DematMay 23, 2024
Lisiting DateMay 24, 2024

Rulka Electricals IPO Lot Size

Lot Size of this IPO is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹141,000).

CategoryLotsSharesAmount
Retail(Minimum)1600₹141,000
Retail(Maximum)1600₹141,000
HNI (Minimum)21200₹282,000

Rulka Electricals IPO Promoter Holding

Pre Issue Share Holding86.28%
Post Issue Share Holding69.22%

Rulka Electricals IPO Review

Rulka Electricals Limited, a company specializing in electrical and fire-fighting solutions, recently launched its IPO to raise funds for various objectives. With a strong focus on turnkey projects and a diverse range of services including electrical solutions, solar systems, and security systems, Rulka Electricals has positioned itself as a key player in the industry. The company's ISO 9001:2015 certification further underscores its commitment to quality management systems.

In terms of financial performance, Rulka Electricals has shown impressive growth over the years, with a notable increase in revenue and profit after tax. The company's key performance indicators, such as Return on Equity (ROE) and Return on Capital Employed (ROCE), reflect its strong financial health and efficiency in utilizing capital. Additionally, post IPO, the company's earnings per share (EPS) and price-to-earnings ratio (P/E) are expected to improve, indicating positive prospects for investors.

Investors looking to capitalize on the electrical and fire-fighting solutions sector may find Rulka Electricals IPO a promising opportunity. With a solid pre-issue shareholding and a clear utilization plan for the proceeds, the company appears well-positioned for future growth and success. Overall, Rulka Electricals IPO presents an intriguing investment proposition backed by a strong track record and a comprehensive range of services, making it a compelling choice for those seeking exposure to this segment of the market.

Rulka Electricals IPO Subscription Status (Bidding Details)

Table not found

Rulka Electricals IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Rulka Electricals IPO FAQs

What is Rulka Electricals IPO?

Rulka Electricals is issuing 1,123,200 equity shares with a face value of 10 each, totaling up to ₹26.40 Cr. The shares are being offered at a price of ₹223 to ₹235 each, with a minimum order quantity of 600 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Rulka Electricals IPO will open?

Rulka Electricals will open on May 16, 2024 for QIB, NII, and Retail Investors.

When Rulka Electricals IPO will end?

Rulka Electricals will end on May 21, 2024.

What is Rulka Electricals IPO Size?

Rulka Electricals IPO size is 26.40 Cr.

What is Rulka Electricals IPO Price Band?

Rulka Electricals price band is 223 to ₹235 per share.

What is the Rulka Electricals IPO Allotment Date?

Rulka Electricals allotment date is May 22, 2024.

What is the Rulka Electricals IPO Listing Date?

Rulka Electricals listing date is May 24, 2024. The IPO is to be listed on BSE and NSE.

How to Rulka Electricals IPO through Zerodha?

To apply for the IPO “Rulka Electricals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Rulka Electricals IPO through Upstox?

To apply for the IPO “Rulka Electricals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Rulka Electricals IPO Allotment Status?

For Rulka Electricals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Rulka Electricals IPO GMP?

You can check out here: Rulka Electricals IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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