Rajesh Power Services Limited IPO
Rajesh Power Services Limited IPO
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Rajesh Power Services Limited's has transitioned to a publicly listed entity following its IPO debut on 02-12-2024 at the BSE exchange. The public offering successfully raised 47,90,000 Shares, consisting of 27,90,000 Sharesin new capital and ₹67.00 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹319 to ₹335 and minimum application size of 400 shares. Market reception was evidenced through subscription activity between 25-11-2024 and 27-11-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 28-11-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rajesh Power IPO About Company
Rajesh Power Services Limited, established in 1971, provides consultancy, EPC contracting, and specialized services to power transmission and distribution utilities across renewable and non-renewable energy sectors in India, serving major clients like GIFT City, Gujarat Metro, Adani Renewables, and Reliance. The company has also invested in HKRP Innovations, which builds IoT and cloud-based IT solutions for the energy sector such as Smart Feeder Management System, Virtual Feeder Segregation, Real-Time Oil Well Monitoring, and Solar Data Management. With 940 employees as of April 1, 2024, RPSL blends long industry experience with modern technology to offer comprehensive and innovative energy solutions nationwide.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rajesh Power IPO Strength Factors
- Steady Growth: Strong and consistent financial performance.
- Reliable Execution: 20+ years of proven EPC expertise in the power sector.
- Future-Ready: Expanding into solar and hydrogen electrolyzer projects.
Rajesh Power IPO Risk Factors
- Bid Dependency: Heavy reliance on government bid wins impacts revenue stability.
- High Working Capital: EPC business needs large working capital, creating cash-flow pressure.
- Early Solar Expansion: Solar segment is at a nascent stage with higher uncertainty and execution risks.
Rajesh Power IPO Lead Manager(s)
- Isk Advisors Private Limited
Rajesh Power IPO Promoter(s)
- Mr. Rajendra Baldevbhai Patel
- Mr. Kurang Ramchandra Panchal
- Mr. Kaxil Prafulbhai Patel
- Mr. Utsav Nehal Panchal
Rajesh Power IPO FAQs
Rajesh Power Services Limited IPO subscribed 59.08 times. The public issue subscribed 31.96 times in the retail category,46.39times in QIB, and -- times in the HNI (10+) category byNovember 18, 2025 8:46:25 AM (Day 18).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rajesh Power IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rajesh Power IPO FAQs
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