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Rulka Electricals IPO – GMP, Details & Review

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Rulka Electricals Limited Company who are One Stop Solution Providers for Electrical and Fire Fighting services are raising ₹26.4 crores approximately through Initial Public Offerings (IPO). The IPO will be open from Thursday, 16th May, 2024 and will close on Monday 21st May, 2024. The IPO Price band is set to ₹235 and a retail investor can do minimum investment of ₹141,000 for a single lot of 600 shares.

Rulka Electricals Limited offers wide range of services like Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turn Key Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting and Data & Voice Cabling Installation across the Industrial Sector, Commercial, Retail and Theatre sector. They also offer electrical contracting services for all types of industrial plants.

They have integrated operations which involve Designing, Supplying, Installation, Testing & Commissioning of the project. The company’s ability to offer specialized solutions in the electrical field has allowed it to grow quickly since its founding. The company’s vision and mission are met by the carefully chosen goods and services.

Rulka Electricals IPO Important Dates And Prices

IPO Opening DateMay 16, 2024
IPO Closing DateMay 21, 2024
IPO Allotment DateMay 22, 2024
Date of Refund InitiationMay 23, 2024
Single Price₹235
Total Shares600/Lot
Minimum Investment₹141,000
IPO ListingMay 24, 2024
Listing OnNSE SME

Rulka Electricals IPO Other Important Details

IPO Issue Size₹26.4 Crores
IPO Face Value₹10/Share
IPO Retail Percentage35%
QIB Percentage50%
NII Percentage15%
Retail Min. Investment (1 Lot)₹141,000 (600 Shares)
Retail Max. Investment (1 Lot)₹141,000 (600 Shares)
HNI Min. Investment (2 Lots)₹282,000 (1200 Shares)
IPO Mandate Last Date21 May, 2024 (Till 5 PM)
IPO RegistrarBigshare Services Pvt Ltd

Rulka Electricals IPO GMP (Grey Market Premium)

Day By Day analysis of Rulka Electricals Limited IPO GMP. IPO Grey Market Premium can increase or decrease depending upon the buyer interests.

DateGMP
As On 14-05-202455
As On 15-05-202465
As On 16-05-2024205

Rulka Electricals Limited Promoters

  • Mr. Rupesh Laxman Kasavkar (Chairman cum Managing Director)
  • Mr. Nitin Indrakumar Aher (Whole Time Director)

Shareholding Pattern or Promoter Holding in Rulka Electricals IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue29,47,52086.28
Post Issue[●]69.22

Rulka Electricals Limited Company Qualities

  • Provide Personalized Services
  • Provides Special Service For Overhauling/ Reconditioning Of Panels, Dg Sets
  • Company Guarantees That The Final Product Will Go Above Your Expectations.
  • Company is known for their honesty and provide cost effective process from beginning to end.
IncorporationRegistered OfficeWebsiteIPO Doc
May 30, 2013A – 20, Shiva Industrial Estate
Co. Ltd., Lake Road, Near Tata
Power, Bhandup West, Mumbai
City, Mumbai- 400078,
Maharashtra, India
www.replservices.comRHP PDF

Objectives of the Rulka Electricals IPO Issue

Rulka Electricals Limited Company is going to use the funds in:

  • To Meet Working Capital Requirement – Company’s Business is Working Capital Intensive, hence they are planning to meet the requirement to the extent of ₹1400.00 Lakhs from the Net Proceeds of the Offer and balance from borrowings at an appropriate time.
  • General Corporate Purpose
  • To Meet the Public Offer Expenses

In addition Company is expecting enhance in their corporate image and visibility among existing and potential customers.

Read More: Upcoming IPO GMP Today


Rulka Electricals IPO Review (Apply)

FinancialsFebruary 29, 202431 Mar 202331 Mar 202231 Mar 2021
EBITDA811.32401.07220.07105.03
EBITDA Margin12.45%8.56%6.07%5.36%
PAT565.77280.52112.0853.72
PAT Margin8.68%5.99%3.09%2.74%
Net Worth (In Lakhs)1290.15557.33276.82164.74
RoE(%)61.25%67.26%50.76%38.96%
RoCE (%)33.67%36.51%37.82%24.66%
RONW %43.8550.3340.4932.61
  • PAT Margin Increased From 5.99 to 8.68% in the last 11 Months.
  • Net Worth Approx. Double In the last financial period from 555.33 Lakhs to 1290.15 Lakhs.
  • Though RoE % and ROCE % reduced in the last 11 months but company is performing well overall.

After thorough review of Rulka Electricals Limited Company Financial Stats of last 11 months and Previous Years, Our Review for this IPO is you Should Apply For this IPO. Grey Market Premium of Rulka Electricals Limited is also around 100. So Apply For The IPO on the very first day (16 May, 2024) to increase your chances of allotment.


FAQ’s Related to Rulka Electricals IPO

  1. From Which Date Rulka Electricals IPO will open?

    Rulka Electricals IPO will open from Thursday, 16 May, 2024.

  2. On which date Rulka Electricals Limited IPO is going to List?

    Rulka Electricals IPO is listing on Friday, 24th May, 2024.

  3. How many Shares are there in 1 Lot of Rulka Electricals IPO and what is the price of Single Share?

    There are 600 Shares in 1 Lot of Rulka Electricals IPO and price of one Equity Share is ₹235.

  4. What is the percentage of Shares offered to Retail Investors in Rulka Electricals IPO?

    Retail Investors are offered 35% of Total Shares, QIB Investors are offered 50% and Remaining 15% is for NII Investors.

  5. When is Rulka Electricals Limited Company Incorporated?

    Rulka Electricals Limited Incorporated on May 30, 2013.

  6. Can I submit multiple applications for Rulka Electricals IPO from different Apps?

    No, You can not submit multiple applications From different apps using same PAN card. If you do so, all of your applications For the Rulka Electricals IPO will be cancelled.


How You Can Apply For Rulka Electricals IPO?

  • You must first open a DEMAT Account in order to apply for the Rulka Electricals SME IPO.
  • Using apps like Groww, Paytm Money, Angel One, Upstox, Zerodha, and Upstox, you can open a DEMAT account online on your smartphone or tablet.
  • After opening your DEMAT account, launch the app and look for the IPO section.
  • To submit an application for the Mandate, select the Rulka Electricals IPO and click the Apply button.
  • Enter the lot size or the number of shares you wish to apply for, whichever is displayed in your app.
  • Enter your desired bid price at which you want to apply for that IPO. It is advised to apply at the cutoff price.
  • Next, click the “Continue” button. A new screen requiring the addition of your UPI ID will appear. Put in UPI.
  • You will receive a Mandate Request on your UPI Platform within a few minutes of clicking the Apply for IPO button. It may also take up to an hour at times. Thus, just wait, don’t panic.
  • Click Accept Mandate in the UPI App after receiving a mandate, input your UPI Pin and the mandate amount, then press Enter.
  • After the mandate’s successful acceptance, the bank will block the IPO Amount until the day that refunds begin.
  • In the event that you are allotted Rulka Electricals IPO shares on May 22, 2024, the amount will be permanently debited from your bank account.

Will you submit an application for the IPO of Rulka Electricals? In the comment section below, please share your thoughts and reviews! Your comments can benefit other users too. Keep Reading & Keep Investing !!

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