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TCS, HDFCBANK, SBI Liquid Fund (G)
Rulka Electricals Ltd.

RULKA

Equity

NSE

Min. Investment

2,23,000.00

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IPO Details

Bidding Dates

16 May 24 - 21 May 24

Price Range ₹

223 - 235

Total Equity

26.40Cr

Lot Size

600

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

16 May 2024

Offer end

21 May 2024

Allotment

22 May 2024

Refund initiation

23 May 2024

Demat transfer

23 May 2024

Listing

24 May 2024

About Company

Established in May 2013, Rulka Electricals Limited operates as an electrical and fire-fighting solutions provider. Their comprehensive services span across electrical solutions, solar EPC contracts, turn-key electrical warehousing projects, and data and voice cabling installations, catering to a diverse clientele in industrial, commercial, retail, and theatre sectors. The company follows an integrated approach, encompassing designing, supplying, installing, testing, and commissioning projects. With a focus on turnkey projects, which include material and labor provision along with engineering and consulting services, Rulka Electricals generates 100% of its revenue. It offers a range of services including electrical, fire-fighting, security, public address, access control, audio-video, CCTV, IT networking, and solar systems. The company holds ISO 9001:2015 certification for its quality management systems and employs a workforce of 92 individuals as of February 29th, 2024.

Year Founded

30-05-2013

Promotor Details

Rupesh Laxman Kasavkar

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage86.240
Share Capital29459202945920

Offer to Public

11,23,200.00 Cr

Project Details

  • To Meet Working Capital Requirement - 140cr

Objectives

  • To Meet Working Capital RequirementGeneral Corporate PurposeTo Meet the Offer Expenses

Highlights

  • The company's adherence to quality assurance and standards, as evidenced by its ISO 9001:2015 certification, ensures consistency and reliability in its services, enhancing customer satisfaction and trust.
  • Rulka Electricals Ltd benefits from strong and established relationships with existing clients, indicating a track record of delivering satisfactory services and fostering repeat business opportunities.
  • With a client base spanning across industrial, commercial, retail, and theatre sectors, the company enjoys diversification, reducing dependence on any single market segment and mitigating risks associated with sector-specific fluctuations.
  • Rulka Electricals Ltd operates on a scalable business model, allowing for efficient expansion and growth opportunities in response to market demand and new project requirements.
  • The company boasts an experienced management team, equipped with industry expertise and leadership capabilities to steer the company towards its strategic objectives and navigate challenges effectively.

Challenges

  • The company's business heavily relies on a few customers, and any loss or reduction in contracts awarded by these customers could negatively impact its business and financial performance.
  • Under-construction projects may face cost overruns or delays, which can affect project profitability and the company's reputation.
  • The company requires various approvals and licenses for its operations, and failure to obtain or renew such registrations could disrupt its business activities and financial condition.
  • Majority of the company's revenue is generated from operations in India, exposing it to risks associated with adverse developments in the Indian market.
  • The company is involved in outstanding legal proceedings, and any adverse decisions in these cases could have a material adverse effect on its business and financial condition.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20221,919.0511.0061,106.6561,106.6517.8884
2021982.4211.0061,106.6561,106.6517.8884
20232,95,306.101,100.0061,106.6561,106.6517.8884
20244,21,900.0334,160.0027,888.1027,888.108.4509
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