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Rulka Electricals Ltd IPO

Rulka Electricals Limited is in business of turn key projects contractor engaged in offering solutions for all types of Electrical & Fire Fighting Turnkey Projects. The company offers wide range of services like Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turn Key Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting and Data & Voice Cabling Installation across the Industrial Sector, Commercial, Retail and Theatre sector. The Company offers electrical contracting services for all types of industrial plants.

Rulka Electricals Ltd IPO Details

Total Shares Offered

₹ 11,23,200

Offer to Public

2,80,800

Retail Max (Shares)

₹ 3,73,800

Pre Issue Promoters Holding

₹ 29,46,720

Exchange

NSE

Issue size

₹ 26.4 Cr

IPO Open Date

May 16, 2024

Close Date

May 21, 2024

Lot Size

600

Min Investment

₹ 1,33,800

Issue Type

Book Building - SME

Listing Date

May 24, 2024

Rulka Electricals Ltd IPO Dates

May 16, 2024

Opening date

May 21, 2024

Closing date

May 22, 2024

Basis of Allotment

May 23, 2024

Initiation of Refunds

May 23, 2024

Credit of Shares

May 24, 2024

Listing date

Details

Sector	Type
Sector	Engineering - Turnkey Services
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	532800
NII	0x	160200
Retail	0x	373800
Employee	0x	0
Total	0x	1123200

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

532800

160200

373800

1123200

Rulka Electricals Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	3.51	8.51	3.91
EBITDA	3.77	8.66	3.96
PAT	2.26	6.11	2.79
Total Assets	52.12	36.11	25.41
Share Capital	4.26	3.42	0.11
Total Borrowings	6.19	4.17	2.75
Operating Activities (Net Cash)	2.52	6.26	2.84
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	6.19	4.17	2.75
Net Cashflow	0.53	1.43	0.10

About Rulka Electricals Ltd

Rulka Electricals Limited was originally incorporated on May 30, 2013 as Rulka Electricals Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai. Subsequently the Company was converted into Public Limited Company and name of company was changed from Rulka Electricals Private Limited to Rulka Electricals Limited vide fresh certificate of incorporation dated August 02, 2023 issued by the Registrar of Companies, Mumbai. The Corporate Identity Number of the Company is U31103MH2013PLC243817.

India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 416.59 GW as of April 30, 2023. Growing population along with increasing electrification and per-capita usage will provide further impetus. Power consumption in India in FY23 logged a 9.5% growth to 1,503.65 billion units (BU). India's power generation witnessed its highest growth rate in over 30 years in FY23. Power generation in India increased by 8.87% to 1,624.15 billion kilowatt-hours (kWh) in FY23. According to data from the Ministry of Power, India's power consumption stood at 130.57 BU in April, 2023. In the power sector 100% FDI in India is allowed for generation from all sources (except atomic energy), transmission and distribution of electric energy, and Power Trading under the automatic route.

Peer Comparison:

HEC Infra Projects Ltd

Rulka Electricals Ltd Key Points

Strengths

Quality Assurance and Standards.

Existing client relationship.

Diversified Client Base.

Scalable Business Model.

Experienced Management Team.

Risk

Its business is dependent on a few customers and the loss of, or a significant reduction in award of contracts by such customers could adversely affect its business.

Its under-construction projects may be subject to cost overruns or delays.

The company requires certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

Strategy

Optimal Utilization of Resources.

Improving operational efficiencies.

Leveraging its Market skills and Relationships.

To Build-Up a Professional Organization.

How To Apply for Rulka Electricals Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Rulka Electricals Ltd IPO?

Rulka Electricals Ltd's IPO offers shares for up to 19.8 It begins on May 16, 2024 and ends on May 21, 2024.

What is the price of the Rulka Electricals Ltd IPO?

The price of Rulka Electricals Ltd IPO ranges between ₹223 to ₹235 per share.

What are the open and close dates for the Rulka Electricals Ltd IPO?

The Rulka Electricals Ltd IPO opens on May 16, 2024 and closes on May 21, 2024.

When will the Rulka Electricals Ltd IPO be allotted?

The allotment for the Rulka Electricals Ltd IPO will be finalised on May 22, 2024. The shares will be listed on BSE and NSE on May 24, 2024.

What is the minimum lot size required for Rulka Electricals Ltd IPO?

The minimum lot size for Rulka Electricals Ltd IPO is 600 shares, priced between ₹223 to ₹235 per share.

What is the GMP of Rulka Electricals Ltd IPO?

The GMP (Grey Market Premium) of Rulka Electricals Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rulka Electricals Ltd IPO?

To check the allotment status of Rulka Electricals Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rulka Electricals Ltd IPO getting listed?

The Rulka Electricals Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 16, 2024, and closes on May 21, 2024. The allotment is finalised on May 22, 2024.

How do you apply for the Rulka Electricals Ltd IPO?

To apply for the Rulka Electricals Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.