Rulka Electricals Limited IPO
- IPO Date16 May, 2024 to 21 May, 2024
- Listing Date24 May, 2024
- Face Value₹10 per share
- Issue Price₹223 to ₹235 per share
- Lot Size600 Shares
- Minimum Investment₹1,41,000
- Listing AtNSE SME
- Total Issue Size11,23,200 Shares
(aggregating up to ₹26.40 Cr) - Fresh Issue8,42,400 Shares
(aggregating up to ₹19.80 Cr)
- Offer for Sale2,80,800 Shares
(aggregating up to ₹6.60 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue34,16,000
- Shareholding post issue42,58,400
IPO Dates
Closing Date
21 May, 2024
Initiation of Refunds
23 May, 2024
Listing Date
24 May, 2024
16 May, 2024
Opening Date
22 May, 2024
Basis of Allotment
23 May, 2024
Credit of Shares
Rulka Electricals Limited Lot Size
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 |
|---|---|---|---|
| HNI (Min) | 2 | 1200 | ₹2,82,000 |
| Retail (Min) | 1 | 600 | ₹1,41,000 |
| Retail (Max) | 1 | 600 | ₹1,41,000 |
Rulka Electricals Limited Promoter Holding
The promoters of the Company are Mr. Rupesh Laxman Kasavkar and Mr Nitin Indrakumar Aher
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.28% | 69.22% |
Rulka Electricals Limited COMPANY INFORMATION
Rulka Electricals IPO is a book built issue of Rs 26.40 crores. The issue is a combination of fresh issue of 8.42 lakh shares aggregating to Rs 19.80 crores and offer for sale of 2.81 lakh shares aggregating to Rs 6.60 crores. Rulka Electricals IPO opens for subscription on May 16, 2024 and closes on May 21, 2024. The allotment for the Rulka Electricals IPO is expected to be finalized on Wednesday, May 22, 2024. Rulka Electricals IPO will list on NSE SME with tentative listing date fixed as Friday, May 24, 2024. Rulka Electricals IPO price band is set at ₹223 to ₹235 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹141,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹282,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Rulka Electricals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rulka Electricals IPO is Sunflower Broking. Refer to Rulka Electricals IPO RHP for detailed information.
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:-
- Electrical Services
- Fire Fighting Systems
- Security Systems
- Public Address Systems
- Access Control Systems
- Audio-Video Systems Services
- CCTV Systems Service
- IT & Networking Services
- Solar Systems
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.
FAQs About Rulka Electricals Limited Ipo (Rulka Electricals Ipo)
Rulka Electricals Limited IPO will open on 16 May, 2024 and close on 21 May, 2024. Investors must apply within this period to participate.
The Rulka Electricals Limited IPO price band is set between ₹223.00 and ₹235.00 per share. The minimum lot size is 600, requiring an investment of at least ₹141000.00.
The Rulka Electricals Limited IPO shares are expected to be listed on 24 May, 2024, subject to regulatory approvals and final allotment.
You can track your Rulka Electricals Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rulka Electricals Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.