Rulka Electricals Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

16 May 2024

Close Date

21 May 2024

Allotment

22 May 2024

Listing Date

24 May 2024

Exchange

NSE SME

Price Band

₹235

Listing Price

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Allotment Status

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Price Band

₹235

Per share

Face Value

₹10 per share

Lot Size

600 Shares

per lot

Issue Size

11,23,200 shares (aggregating up to ₹26.40 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹141,000

1 lot

Pre-IPO Holding

34,16,000 shares

Promoters

Post-IPO Holding

42,58,400 shares

Promoters

P/E (Pre)

28.62x

P/E (Post)

16.21x

EPS (Pre)

₹8.21

EPS (Post)

₹14.49

UPI Deadline

2024-05-21

Mandate

Anchor AllotmentWed, 15 May 2024

Basis of AllotmentWed, 22 May 2024

Refund InitiationThu, 23 May 2024

Demat CreditThu, 23 May 2024

Listing DayFri, 24 May 2024

UPI Mandate Deadline2024-05-21

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public10,66,800 shares (aggregating up to ₹25.07 Cr)

Market Maker Quota56,400 shares (aggregating up to ₹1.33 Cr)

Fresh Issue Shares7,86,000 shares (aggregating up to ₹18.47 Cr)

Offer for Sale2,80,800 shares of ₹10 (aggregating up to ₹6.60 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Rulka Electricals Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	56,400	—	₹1.33
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,123,200	100%	₹26.40

IPO Shares Offered

Rulka Electricals Ltd IPO total issue size: ₹26.40 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	56,400	₹1.33	5.02%
Total	1,123,200	₹26.40	100.00%

* Based on upper price band ₹235 per share

Lot Size & Investment

Lot Size

600

Shares per Lot

Issue Price

₹235.00

Upper Band

Min Investment

₹141,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,200	₹282,000
Retail (Max — 13 Lots)	13	7,800	₹1,833,000
S-HNI (Min — 14 Lots)	14	8,400	₹1,974,000
B-HNI (Min — 68 Lots)	68	40,800	₹9,588,000

* Issue Price ₹235 × Lot Size 600 shares

IPO Schedule

Anchor

15 May 2024

✓ Done

IPO Open

16 May 2024

✓ Done

IPO Close

21 May 2024

✓ Done

Allotment

22 May 2024

✓ Done

Refunds

23 May 2024

✓ Done

Demat Credit

23 May 2024

✓ Done

Listing Day

24 May 2024

✓ Done

₹235.00

INR · NSE

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Issue ₹235.00 Live Price

About Rulka Electricals Ltd

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 ServicesFire Fighting SystemsSecurity SystemsPublic Address SystemsAccess Control SystemsAudio-Video Systems ServicesCCTV Systems ServiceIT & Networking ServicesSolar SystemsThe company is ISO 9001:2015 certified for its quality management systems.As of February 29th, 2024, the company has 92 employees on its payroll.

Objects of the Issue

To Meet Working Capital Requirement

General Corporate Purpose

To Meet the Offer Expenses

Rulka Electricals Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹3,627.4

31 Mar 2022

₹4,689.8

31 Mar 2023

₹6,527.8

29 Feb 2024

Profit After Tax (PAT)

₹112.1

31 Mar 2022

₹280.5

31 Mar 2023

₹565.8

29 Feb 2024

Particulars	29 Feb 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	6527.77	4689.78	3627.41
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	565.77	280.52	112.08
Net Worth	1290.10	557.33	276.82
Total Assets	4082.09	2826.95	1919.04
Reserves & Surplus	948.55	546.33	265.82
Borrowings	1104.89	527.07	527.07
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	8.68%	—	—

P/BV Ratio

6.22

RoE

61.25%

RoCE

33.67%

RoNW

43.85%

PAT Margin

8.68%

Debt/Equity

2.16

Issue Structure & Shareholding

Total Shares Offered11,23,200 (100.00%)

Net Offer to Public10,66,800 shares (aggregating up to ₹25.07 Cr)

Reserved for Market Maker56,400 shares (aggregating up to ₹1.33 Cr)

Pre-Issue Promoter Holding34,16,000 shares

Post-Issue Promoter Holding42,58,400 shares

P/BV Ratio6.22

RoE61.25%

RoCE33.67%

Debt / Equity2.16

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Rulka Electricals Ltd IPO subscribed? ▲

Rulka Electricals Ltd IPO is subscribed 1.00 times by May 21, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Rulka Electricals Ltd IPO retail subscription status? ▼

The Rulka Electricals Ltd IPO retail category is subscribed 1.00 times as of 21 May 2024. The retail portion is oversubscribed.

How to subscribe Rulka Electricals Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 16 May 2024 and closes 21 May 2024. Min investment: ₹141,000 (1 lot = 600 shares). UPI mandate: 2024-05-21.

How many times Rulka Electricals Ltd IPO subscribed? ▼

The Rulka Electricals Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rulka Electricals Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 22 May 2024. Refunds: on 23 May 2024.

When Rulka Electricals Ltd IPO will be listed? ▼

The Rulka Electricals Ltd IPO listing date is 24 May 2024, Friday. Listed on: NSE SME. Issue price: ₹235. Estimated listing: ₹235. GMP: NIL.

When Rulka Electricals Ltd IPO close? ▼

The Rulka Electricals Ltd IPO closes on 21 May 2024, Tuesday. UPI mandate: 2024-05-21. Allotment: 22 May 2024. Listing: 24 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹235.00

Change—

Issue Price₹235.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹235

Face Value₹10

Lot Size600 Sh

Min. Amount₹141,000

GMPNIL

Est. Listing₹235

Subscribed1.00x

Open Date16 May 2024

Close Date21 May 2024

Allotment22 May 2024

Listing Date24 May 2024

ExchangeNSE SME

UPI Deadline2024-05-21