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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 86.24 | 0 |
| Share Capital | 2945920 | 2945920 |
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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 2,95,306.10 | 1,100.00 | 27,888.10 | 27,888.10 | 8.4509 |
| 2022 | 1,919.05 | 11.00 | 61,106.65 | 61,106.65 | 17.8884 |
| 2021 | 982.42 | 11.00 | 61,106.65 | 61,106.65 | 17.8884 |
| 2024 | 4,21,900.03 | 34,160.00 | 61,106.65 | 61,106.65 | 17.8884 |
