Rulka Electricals IPO bidding started from May 16, 2024 and ended on May 21, 2024. The allotment for Rulka Electricals IPO was finalized on Wednesday, May 22, 2024. The shares got listed on NSE SME on May 24, 2024.
IPO Size: 1,123,200 shares (26.40 Cr) Fresh Issue: 842,400 shares (19.80 Cr) Offer for Sale (OFS): 280,800 shares (6.60 Cr) Subscription Dates: May 16, 2024 to May 21, 2024 Expected Allotment: Wednesday, May 22, 2024 Listing Date (Tentative): May 24, 2024 Price Band: ₹223 to ₹235 per share Retail Investors: ₹.141,000 (600 shares) Small HNI : ₹.282,000(2 lots, 1200 shares) Big HNI : ₹.1,128,000(8 lots, 4800 shares)
| IPO Date | May 16, 2024 to May 21, 2024 |
| Listing Date | May 24, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,123,200 shares (aggregating up to ₹26.40 Cr) |
| Fresh Issue | 842,400 (aggregating up to ₹19.80 Cr) |
| Offer for Sale | 280,800 shares of ₹10 per share (aggregating up to ₹6.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,416,000 |
| Share holding post issue | 4,258,400 |
| Market Maker Portion | 56,400 Shares |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 319,213 (28.42%) |
| QIB Shares Offered | 213,633 (19.02%) |
| NII (HNI) Shares Offered | 160,168 (14.26%) |
| Retail Shares Offered | 373,801 (33.28%) |
| Total Shares Offered | 1,123,200 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Anchor Investors | 319,213 | |||
| Qualified Institutions | 213,633 | |||
| Non-Institutional Buyers | 160,168 | |||
| Retail Investors | 373,801 | |||
| Total | 906,647 | 0 | 0.00 | 0.00 |
Rulka Electricals Limited IPO raises ₹ 7.50 crore from anchor investors. Rulka Electricals Limited IPO Anchor bid date is May 15, 2024. Rulka Electricals Limited IPO Anchor Investors list
| Bid Date | May 15, 2024 |
| Shares Offered | 319200 |
| Anchor Portion Size (In Cr.) | 7.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 20, 2024 |
Rulka Electricals Limited IPO opens on May 16, 2024 and closes on May 21, 2024.
| IPO Open Date | Thursday, May 16, 2024 |
| IPO Close Date | Tuesday, May 21, 2024 |
| Basis of Allotment* | Wednesday, May 22, 2024 |
| Initiation of Refunds* | Thursday, May 23, 2024 |
| Credit of Shares to Demat* | Thursday, May 23, 2024 |
| Listing Date* | Friday, May 24, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, May 21, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹ 141,000 |
| Retail (Max) | 1 | 600 | ₹ 141,000 |
| HNI (Min) | 2 | 1200 | ₹ 282,000 |
The promoters of the company are Mr. Rupesh Laxman Kasavkar and Mr Nitin Indrakumar Aher
| Share Holding Pre Issue | 86.28% |
| Share Holding Post Issue | 69.22% |
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:-
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.
The company intends to utilize the proceeds of the Offer to meet the following objects: -
Rulka Electricals Limited
A - 20, Shiva Industrial Estate Co. Ltd.,
Lake Road, Near Tata Power, Bhandup West
Mumbai City, Mumbai- 400078,
Phone: +022 41276806
Email: info@replservices.com
Website: https://www.replservices.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
| Listing Date | May 24, 2024 |
| NSE Symbol | RULKA |
| ISIN | INE0R7301013 |
| Final Issue Price | ₹ 235 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 235 | ₹ 235 |
| Open | ₹ 525 | ₹ |
| Low | ₹ 498.75 | ₹ |
| High | ₹ 551.25 | ₹ |
| Close Price | ₹ 498.75 | ₹ |
Rulka Electricals Limited IPO is a main-board FPO of 1,123,200 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 19.80 Crores. The issue is priced at ₹223 to ₹235 per share. The minimum order quantity is 600 Shares.
The Rulka Electricals Limited IPO opens on May 16, 2024 and closes on May 21, 2024.
Retail Investors: ₹.141,000 (600 shares) Small HNI : ₹.282,000(2 lots, 1200 shares) Big HNI : ₹.1,128,000(8 lots, 4800 shares)
The finalization of Basis of Allotment for Rulka Electricals Limited IPO will be done on Wednesday, May 22, 2024, and the allotted shares will be credited to your demat account by Thursday, May 23, 2024. Check the Rulka Electricals Limited IPO allotment status.