Established in 1971, Rajesh Power Services Limited provides consultancy to state transmission and distribution companies and private utilities and industries.
Rajesh Power Services Limited has invested in HKRP Innovations Limited (HKRP), which offers customized IT solutions for the energy sector. HKRP specializes in IoT and cloud-based solutions for power grids and renewable energy, providing tools like the Smart Feeder Management System (SFMS), Virtual Feeder Segregation (VFS), Real-Time Monitoring System for Oil Wells (RTMS), and Solar Energy Data Management (SEDM).
The company offers services to both the Renewable and Non-Renewable segments of the power sector.
The company provides the following services
- EHV Underground Cables and Transmission Lines
- EHV AIS/GIS Substations including Civil Works
- HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
- Revamping the entire Distribution Network including Substations, RMUs, Transformers & Cables on Turnkey Basis
- Power Supply Arrangement Projects for Solar Power Plants
- Operation and Maintenance of EHV, HV, MV & LV Substations
- Operation and Maintenance of EHV, HV, MV & LV Transmission and Distribution Network
The company clients include GIFT City, Gandhinagar; Gujarat Metro Rail Corporation Ltd., Gandhinagar; , IFFCO, Adani Renewables, Prestige, Reliance Industries Limited, Torrent Power Ltd., Dholera; Jay Chemicals Ltd., Saykha; Sabar Dairy, Himmatnagar; Grindwell Norton Limited (Saint Gobain), Hindustan Coca Cola and so on and so forth.
Rajesh Power Services Ltd. (RPSL) specializes in EPC contracting and providing services to power transmission and distribution utilities.
Cometitive Strength
- Constant Financial Growth maintaining healthy profit margins.
- Successfully completed numerous power sector projects as an EPC contractor for over 20 years.
- Looking for ways to expand our business in renewable energy, focusing on solar energy and hydrogen electrolyzers.
As of April 1, 2024, the Company employs 940 people in various departments.
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure: Purchase of cable identification, testing and fault location equipments Setting up of DC Solar Power Plant having a capacity of 1300 KW; Inhouse development of Technical Expertise in the Production of Green Hydrogen and associated equipment such as Electrolysers | — |
| Additional Working Capital Requirement | — |
| General Corporate Purposes. | — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 33,822 | 24,039 | 19,823 |
| Revenue | 31,785 | 29,506 | 21,118 |
| PAT | 2,768 | 2,602 | 675 |
| Net Worth | 11,122 | 8,430 | 5,866 |
| Reserves | 9,600 | 6,908 | 4,344 |
| Total Borrowing | 7,973 | 7,767 | 5,971 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,250,000 (47%) | — |
| NII / HNI | — | 691,200 (14%) | — |
| Retail (RII) | — | 1,604,800 (34%) | — |
| Market Maker | — | 244,000 (5%) | — |
| Total | — | 4,790,000 (100%) | — |
* Amount calculated at upper price band (₹335) · ** Total includes all investor categories
- 1 Initiation of Refund 29 Nov 2024
- 2 Credit of Shares to Demat 29 Nov 2024
- Retail allocation is good at 34% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 11x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹17 compares to post-issue EPS of ₹31 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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