Rajesh Power Services Pvt. Ltd. has launched its Initial Public Offering (IPO), which opened for subscription on November 25, 2024, and closed on November 27, 2024. The IPO was priced in the range of ₹320 to ₹335 per share, with a total issue size of approximately ₹160.47 crores, including a fresh issue of ₹93.47 crores and an offer for sale of 2 million equity shares. The IPO has received strong investor interest, being oversubscribed by over 7 times. Retail investors subscribed 9.17 times, non-institutional investors subscribed 9.49 times, and qualified institutional buyers (QIB) subscribed 1.63 times. The allotment date is set for November 28, 2024, and shares are expected to list on the BSE SME platform on December 2, 2024. The Rajesh Power IPO GMP as of today stands at ₹80-90, indicating a potential listing price of around ₹425. Here’s an in-depth Rajesh Power IPO review with all the critical data and insights.
Rajesh Power IPO Review: Subscription Status and Market Sentiment
The Rajesh Power IPO subscription status is an important indicator of how well the market has responded to the offering. The Rajesh Power IPO has been massively oversubscribed, with substantial interest from both retail and non-institutional investors. Let’s break down the Rajesh Power IPO subscription status:
- Overall Subscription: Oversubscribed by 7 times.
- Retail Investors: Subscribed 9.17 times.
- Non-Institutional Investors (NII): Subscribed 9.49 times.
- Qualified Institutional Buyers (QIB): Subscribed 1.63 times.
This indicates that investors have strong confidence in the Rajesh Power IPO, which reflects the growing market interest in companies within the renewable energy sector.
Rajesh Power Services Pvt Ltd Share Price and Offer Details
The Rajesh Power Services Pvt Ltd share price for the IPO was set between ₹320 and ₹335 per share. Investors were allowed to apply for a minimum of 400 shares, making the minimum investment for retail investors ₹1,28,000 (₹320 × 400). Here are the details of the Rajesh Power IPO:
- Price Band: ₹320 to ₹335 per share
- Lot Size: 400 shares
- Total Issue Size: ₹160.47 crores
- Fresh Issue: ₹93.47 crores
- Offer for Sale: 2 million equity shares
Investors have shown interest in the Rajesh Power Services Pvt Ltd share price, with the company positioned in the rapidly expanding renewable energy sector.
Rajesh Power IPO GMP: Current Grey Market Premium
The Rajesh Power IPO GMP (Grey Market Premium) is a key indicator of investor sentiment. The Rajesh Power IPO GMP today stands at approximately ₹80-90, which suggests that the shares could list at a premium price of around ₹425 on the Rajesh Power IPO listing date. The Rajesh Power IPO GMP plays a crucial role in assessing the potential performance of the IPO on the listing day.
- Rajesh Power IPO GMP: ₹80-90
- Expected Listing Price: ₹425
This Rajesh Power IPO GMP is a positive sign for those hoping for a strong listing on December 2, 2024.
Rajesh Power IPO Allotment Date: Key Information
The Rajesh Power IPO allotment date is scheduled for November 28, 2024. This is when investors will find out if they’ve been allotted shares in the IPO or not. If you have applied for the Rajesh Power IPO, the allotment date is the key day to check your application status.
- Rajesh Power IPO Allotment Date: November 28, 2024
- Rajesh Power IPO Listing Date: December 2, 2024
Once the Rajesh Power IPO allotment date has passed, investors will know if they’ve successfully secured shares in the IPO, which will then be listed on the BSE SME platform on the Rajesh Power IPO listing date.
Rajesh Power IPO Listing Date and Price: What to Expect
The Rajesh Power IPO listing date is set for December 2, 2024. The Rajesh Power IPO listing price will be determined by the Rajesh Power IPO GMP and investor sentiment. Given the Rajesh Power IPO GMP, it is expected that the listing price could be around ₹425.
- Rajesh Power IPO Listing Date: December 2, 2024
- Rajesh Power IPO Listing Price: Expected around ₹425
On the Rajesh Power IPO listing date, shares are likely to see a good opening price, with strong potential for early gains due to the positive Rajesh Power IPO GMP.
Rajesh Power IPO Review: Financial Growth and Future Prospects
Rajesh Power Services Pvt. Ltd. has shown impressive growth in its financials, with a substantial increase in revenue and profits:
- Revenue (2024): ₹284.97 crores
- Profit After Tax (PAT) (2024): ₹26.02 crores, up from ₹6.75 crores in the previous year.
This strong financial performance adds to the appeal of the Rajesh Power IPO, indicating the company’s growth trajectory in the renewable energy space.
Rajesh Power IPO: How Funds Will Be Used
The funds raised from the Rajesh Power IPO will be used for:
- Purchasing advanced equipment
- Establishing a solar power plant
- Developing expertise in green hydrogen technology
These clear goals demonstrate the company’s commitment to expanding its business in the renewable energy sector, making the Rajesh Power IPO an attractive option for investors.
Why You Should Consider the Rajesh Power IPO
Given the Rajesh Power IPO subscription status and strong financial growth, Rajesh Power Services is in an excellent position to capitalize on the growing demand for renewable energy in India. With funds earmarked for expanding its solar energy and green hydrogen capabilities, the Rajesh Power IPO is an opportunity for investors looking to diversify into the renewable energy market.
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The IPO has been oversubscribed by 7 times, with retail investors subscribing 9.17 times and non-institutional investors subscribing 9.49 times.
The allotment date for the IPO is November 28, 2024.
The current GMP for Rajesh Power IPO stands at ₹80-90, suggesting a potential listing price of around ₹425.
The shares are expected to be listed on the BSE SME platform on December 2, 2024.
You can apply for the IPO through your Demat account, and for opening one, you can visit GRM Bulls for assistance.
