Rulka Electricals Ltd IPO
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Rulka Electricals Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 11.23 L | ₹ 2.81 L | ₹ 3.74 L | ₹ 29.47 L | NSE | ₹ 26.4 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 16 May, 24 | 21 May, 24 | 600 | ₹ 1,33,800 | Book Building - SME | 24 May, 24 |
Rulka Electricals Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 81.87x | 532800 | 43621800 |
| NII | 1350.51x | 160200 | 216351000 |
| Retail | 658.32x | 373800 | 246079800 |
| Employee | 0x | 0 | 0 |
| Total | 450.55x | 1123200 | 506052600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rulka Electricals Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8.51 | 3.91 | 2.00 |
| EBITDA | 8.66 | 3.96 | 2.10 |
| PAT | 6.11 | 2.79 | 1.12 |
| Total Assets | 36.11 | 25.41 | 16.05 |
| Share Capital | 3.42 | 0.11 | 0.11 |
| Total Borrowings | 13.99 | 2.75 | 3.90 |
| Operating Activities (Net Cash) | 6.26 | 2.84 | 1.22 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.22 |
| Financing Activities (Net Cash) | 13.99 | 2.75 | 3.90 |
| Net Cashflow | 0.91 | 0.10 | 0.39 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- HEC Infra Projects Ltd
Rulka Electricals Ltd IPO 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.
- Quality Assurance and Standards.
- Existing client relationship.
- Diversified Client Base.
- Scalable Business Model.
- Experienced Management Team.
How To Apply for Rulka Electricals Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.