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Issue Open Date
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25-Nov-24
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Issue Closing Date
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27-Nov-24
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Application Money
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100
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Allotment Money
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Price Band
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319
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335
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Minimium Application No.
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400
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Issue Size (Shares)
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3453600
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Market Lot
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1
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Objective
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1) Capital Expenditure: i. Purchase of cable identification, testing and fault location equipments. ii. Setting up of DC Solar Power Plant having capacity of 1300 KW. iii. Inhouse development of Technical Expertise in Production of Green Hydrogen and associated equipment such as Electrolysers.2) Additional Working Capital Requirement.3) General Corporate Purpose.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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935200
|
95946400
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102.594525235244
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|
Qualified Institutional Buyers
|
913600
|
42384000
|
46.3922942206655
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Retail Individual Investors
|
1604800
|
51277600
|
31.9526420737787
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|
|
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Business Description
Rajesh Power Services Limited (RPSL) offer services to Renewable and Non-Renewable segment of Power sector. In Renewable power sector, the company offer technical services to setup solar power plant and also work on Turkey bases to build operate and maintain solar power plant. Further in Non-Renewable power sector RPSL offers services which includes implementation of Turnkey projects for laying Extra High Voltage cables & transmission lines, setting up Extra High Voltage (EHV) substation, Design and implication of underground power distribution system. Rajesh power also offers Operations and Maintenance which includes operating and maintaining solar plants and EHV substations. Further the company is also engaged into providing Utility Services to power plants and power transmission companies, services include cable fault location and rectification, Replacement and retrofitting of transformers and switch gears. Rajesh Power also provides services Consultancy Services with regard to designing of power substations and cable system.
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Promoter's Holding
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Total Share Capital
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15217392
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Offered to Public
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3453600
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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73.4
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Address |
380 / 3
Siddhi House
Opp . Lal Bunglows
B / H Sasuji Dinning Hall
Off C . G . Road
Navrangpura
Ahmedabad,
Gujarat,
380006
Phone : 6358736465
Email : cs@rajeshpower.com
Website : https://www.rajeshpower.com
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
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Listed at |
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BSE
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Lead Manager |
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ISK Advisors Pvt Ltd.
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Promoters |
Kaxil Prafulbhai Patel
Kurang Ramchandra Panchal
Rajendra Baldevbhai Patel
Utsav Nehal Panchal
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