Who is the registrar of Rulka Electricals Limited IPO?
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Bigshare Services Private Limited serves as the registrar of Rulka Electricals Limited IPO.
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Rulka Electricals Limited has announced the launch of its Initial Public Offering (IPO), comprising a fresh issue and an offer for the sale of shares, starting from May 16, 2024. The subscription period will remain open until May 21, 2024. The company specialises in electrical and firefighting solutions, serving a diverse range of sectors, including industrial, commercial, retail and theatre.
Its IPO is scheduled to be listed on NSE Emerge, with a tentative listing date set for May 24, 2024. The minimum lot size for one application is 600 shares, while the price band is fixed at Rs. 223 to Rs. 235 per share.
To get a comprehensive insight into the crucial details of Rulka Electricals Limited IPO prior to investing, keep reading this blog. If you're new to the stock market, you might want to learn about the IPO Full form and what it means in the context of investing.
Additional Read: Rulka Electricals Ltd IPO
Go through the table below for a brief overview of the upcoming IPO to be launched by Rulka Electricals Limited.
IPO Launch Date | May 16, 2024 to May 21, 2024 |
Issue Type | Book Built IPO |
Listed at | NSE Emerge |
Price Band | Rs. 223 to Rs. 235 per share |
Face value | Rs. 10 per share |
Minimum Lot Size | 600 shares (retail investors) |
Fresh Issue Size | 8,42,400 shares |
OFS Size | 2,80,800 shares |
Total Issue Size | 11,23,200 shares (Rs. 26.40 crore) |
Shareholding Pre-Issue | 34,16,000 |
Shareholding Post-Issue | 42,58,400 |
Additional Read: How to Invest in an IPO Online
Established on May 30, 2013, under the name Rulka Electricals Private Limited, the company operates as a turnkey projects contractor, providing solutions for all types of electrical and firefighting projects. It is a key provider of electrical and firefighting solutions.
Rulka Electricals Limited provides a diverse range of services, including electrical solutions, electrical panels, solar EPC contracts and turnkey electrical warehousing projects. It also provides commercial and industrial electric services, maintenance services, electrical contracting and data and voice cabling installations.
The company's registered office is situated in Maharashtra and is staffed by a team of skilled personnel, including technicians, engineers and quality controllers. Its team diligently ensures the successful completion of projects, meets client demands and plays a significant role in the company's overall growth and success, evident from the total income.
For the fiscal year ending on February 29, 2024, Rulka Electricals Limited reported a total income of Rs. 6,527.77 lakh and a restated profit after tax of Rs. 565.77 lakh.
Additional Read: Difference Between NFO and IPO
Here is the tentative schedule and launch timeline of the Rulka Electricals Limited IPO as announced.
Open Date | Thursday, May 16, 2024 |
Close Date | Tuesday, May 21, 2024 |
Cut-off Time for UPI Mandate Confirmation | 5 PM on May 21, 2024 |
Basis of Allotment Date | Wednesday, May 22, 2024 |
Initiation of Refunds Date | Thursday, May 23, 2024 |
Credit of Shares to Accounts | Thursday, May 23, 2024 |
Listing Date | Friday, May 24, 2024 |
Investors interested in the Rulka Electricals Limited IPO have the option to bid for a minimum of 600 shares and in multiples thereof.
For detailed information regarding the minimum and maximum investment amounts for retail investors and HNIs, check the following table outlining the lot sizes:
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 600 | ₹141,000 |
Retail (Max) | 1 | 600 | ₹141,000 |
HNI (Min) | 2 | 1,200 | ₹282,000 |
Here is a summary table of the financial statements of Rulka Electricals Limited for the past three years. This table will help you make informed decisions about whether to participate in its IPO based on the company's financial health.
Particulars | For the Financial Year Ending (Rs. In Lakhs) | ||
March 31, 2023 | March 31, 2022 | March 31, 2021 | |
Total Assets | 2,826.95 | 1,919.04 | 982.41 |
Total Liabilities | 2,269.62 | 1,642.22 | 817.67 |
Total Expenses | 4,327.89 | 3,436.96 | 1,887.29 |
Total Revenue | 4,689.78 | 3,627.41 | 1,960.11 |
Profit/Loss After Tax | 280.52 | 112.08 | 53.72 |
EBITDA | 401.07 | 220.07 | 105.03 |
Here are some noteworthy strengths of Rulka Electricals Limited that make its IPO worth investing in. Take a look.
Along with the above strengths, you must also consider the risks involved with the business of Rulka Electricals Limited before investing in its IPO. Here are some of the risk factors that might slow down the company's growth:
As a retail investor interested in the Rulka Electricals Limited IPO, you must go through the RHP (Red Herring Prospectus) document for a comprehensive idea before investing. Doing so will help you determine whether the company's business model and prospects align with your investment plans. In addition, stay tuned to our website for more updates on upcoming IPOs.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Source: Tata Consumer Products Press Release on BSE
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Bigshare Services Private Limited serves as the registrar of Rulka Electricals Limited IPO.
Rulka Electricals Limited plans to use the proceeds from its fresh issue to meet working capital requirements, cover offering expenses and for general corporate purposes. The funds from the Offer for Sale will go to the selling shareholder, not to the company.
The selling shareholder of Rulka Electricals Limited IPO is Abhay Kantilal Shah HUF, offering to sell up to 2.8 lakh equity shares with a face value of Rs. 10 each.
Beeline Capital Advisors Private Limited is the book-running lead manager of the IPO launched by Rulka Electricals Limited.
Rulka Electricals Limited IPO will be open for subscription from May 16, 2024, till May 21, 2024.
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