Rulka Electricals Limited IPO Detail
Founded in May 2013, Rulka Electricals Limited is an electrical and Fire-Fighting solutions company. The company offers various services, including electrical solutions, electrical panels, solar EPC contracts, turn-key electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data and voice cabling installation. These services cater to various sectors such as industrial, commercial, retail, and theatre.
The company's integrated operations encompass designing, supplying, installing, testing, and commissioning the project.
The company generates 100% of its revenue through Turnkey Projects, which include both material and labor along with engineering, design, and consulting services.
The company's services can be divided into the following categories:-
- Electrical Services
- Fire Fighting Systems
- Security Systems
- Public Address Systems
- Access Control Systems
- Audio-Video Systems Services
- CCTV Systems Service
- IT & Networking Services
- Solar Systems
The company is ISO 9001:2015 certified for its quality management systems.
As of February 29th, 2024, the company has 92 employees on its payroll.
Company Promoters
Mr. Rupesh Laxman Kasavkar and Mr Nitin Indrakumar AherIPO Details
| IPO Opening Date | May 16, 2024 |
| IPO Closing Date | May 21, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹223 - 235 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹26.40 Cr |
| Fresh Issue | ₹19.80 Cr |
| Offer for Sale | ₹6.60 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.01x | 0.00x | 0.00x | 5.26x | 10.78x | 6.81x |
| Day 2 | 4.62x | 0.00x | 0.00x | 27.62x | 52.84x | 33.66x |
| Day 3 | 4.62x | 0.00x | 0.00x | 27.62x | 52.84x | 33.66x |
| Day 4 | 204.22x | 0.00x | 0.00x | 1350.15x | 658.32x | 676.83x |
IPO Tentative Timetable
The Rulka Electricals Limited IPO open date is May 16, 2024, and the close date is May 21, 2024. The issue may list on May 24, 2024.
| IPO Open Date | May 16, 2024 |
| IPO Close Date | May 21, 2024 |
| Basis of Allotment Date | May 22, 2024 |
| Initiation of Refunds | May 23, 2024 |
| Credit of Shares to Demat Account | May 23, 2024 |
| IPO Listing Date | May 24, 2024 |
IPO Lot Size
The Rulka Electricals Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹141000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹141000 |
| Maximum | 1 | 600 | ₹141000 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.28% |
| Post Issue Share Holding | 69.22% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 982.41 | 1960.11 | 53.72 |
| 31-Mar-22 | 1919.04 | 3627.41 | 112.08 |
| 31-Mar-23 | 2826.95 | 4689.78 | 280.52 |
| 29-Feb-24 | 4082.09 | 6527.77 | 565.77 |
Objects of the Issue:
The company intends to utilize the proceeds of the Offer to meet the following objects: -
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Offer Expenses
Rulka Electricals Limited IPO Registrar:
Bigshare Services Pvt Ltd
Rulka Electricals Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Rulka Electricals Limited
A - 20, Shiva Industrial Estate Co. Ltd.,
Lake Road, Near Tata Power, Bhandup West
Mumbai City, Mumbai- 400078
