IPO Issue Details
Issue Price / Price Band₹235 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size11,23,200 shares (aggregating up to ₹26.40 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 16 May 2024
Subscription CloseTue, 21 May 2024
Anchor AllotmentWed, 15 May 2024
Basis of AllotmentWed, 22 May 2024
Initiation of RefundsThu, 23 May 2024
Credit of Shares to DematThu, 23 May 2024
Listing DateFri, 24 May 2024
UPI Mandate Deadline2024-05-21
Application & Investment Details
Retail — Min (1 Lots)₹1,41,000 — 600 shares
Retail — Max (13 Lots)₹1,833,000 (13 Lots)
HNI — Min (2 Lots)₹2,82,000 — 1,200 shares
EPS (Pre-IPO)₹8.21
EPS (Post-IPO)₹14.49
P/E Ratio (Pre-IPO)28.62x
P/E Ratio (Post-IPO)16.21x
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-IPO Promoter Holding34,16,000 shares
Post-IPO Promoter Holding42,58,400 shares
Fresh Issue Shares7,86,000 shares (aggregating up to ₹18.47 Cr)
Offer for Sale Shares2,80,800 shares of ₹10 (aggregating up to ₹6.60 Cr)
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
Rulka Electricals Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
2
General Corporate Purpose
3
To Meet the Offer Expenses
Shareholding & Lock-in
Pre-IPO Promoter Holding
34,16,000 shares
Post-IPO Promoter Holding
42,58,400 shares