RULKA ELECTRICALS (NSE SME)
May 16, 2024 - May 21, 2024
| Price | ₹223 - ₹235 |
| Premium | ₹410 |
|---|---|
| Lot size | 600 |
| Allotment | May 22, 2024 |
| Listing | May 24, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 600 | 141000 | 623 |
| HNI | 2 | 1200 | 282000 | 267 |
Last updated on 21-May-2024 17:01:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 213600 | 43621800 | 204.22 |
| NIB | 160200 | 216351000 | 1350.51 |
| RETAIL | 373800 | 246079800 | 658.32 |
| Total | 747600 | 506052600 | 676.9 |
| Retail Apps | 410133 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹426.06 | @8% ₹486.92 | @9% ₹547.79 | @10% ₹608.65 | @11% ₹669.52 | @12% ₹730.39 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| BOFA Securities Europe SA - ODI | 60000 | 18.80% | 1.41 |
| Negen Undiscovered Value Fund | 43200 | 13.53% | 1.02 |
| Galaxy Noble Global Opportunities Fund PCC-GNG0F1 | 43200 | 13.53% | 1.02 |
| Benani Capital - Benani Capital Scheme 1 | 43200 | 13.53% | 1.02 |
| North Star Opportunities Fund VCC- Bull Value Incorporated VCC Sub - Fund | 43200 | 13.53% | 1.02 |
| Saint Capital Fund | 43200 | 13.53% | 1.02 |
| Eminence Global Fund PCC - Eubilia Capital Partners Fund 1 | 43200 | 13.53% | 1.02 |
| Total | 319200 | 100.00% | 7.53 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.28 | 373800 |
| NII (HNI) | 14.26 | 160200 |
| QIB | 19.02 | 213600 |
| Anchor | 28.42 | 319200 |
| Market Maker | 5.02 | 56400 |
| Total | 100.00 | 1123200 |
IPO Details
| Issue Size | 1,123,200 shares (aggregating up to 26.40 Cr) |
| Fresh Issue | 842,400 shares (aggregating up to 19.80 Cr) |
| Offer for Sale | 280,800 shares (aggregating up to 6.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,416,000 |
| Share holding post issue | 4,258,400 |
| Market Maker portion | 56400 Equity Shares Sunflower Broking |
Key Performance Indicators
| KPI | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 61.25% | 67.26% | 50.76% |
| ROCE | 33.67% | 36.51% | 37.82% |
| RONW | 43.85% | 50.33% | 40.49% |
| EPS (basic & diluted) | 16.67 | 8.50 | 3.40 |
| P/BV | 6.22 | ||
| P/E (Pre IPO) | 28.62 |
Financial Statement (Restated Standalone)
| Period | Feb-24 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 4,082.09 | 2,826.95 | 1,919.04 | 982.41 |
| Revenue | 6,527.77 | 4,689.78 | 3,627.41 | 1,960.11 |
| Profit After Tax | 565.77 | 280.52 | 112.08 | 53.72 |
| Net Worth | 1,290.15 | 557.33 | 276.82 | 164.74 |
| Reserves and Surplus | 948.55 | 546.33 | 265.82 | 153.74 |
| Total Borrowing | 1,104.89 | 527.07 | 281.46 | 230.99 |
| Amount in Lakhs | ||||
About Company
Founded in May 2013, Rulka Electricals Limited stands out as a leading provider of comprehensive electrical and Fire-Fighting solutions. With a diverse portfolio spanning electrical panels, solar EPC contracts, turn-key electrical warehousing projects, commercial and industrial services, maintenance, contracting, and data and voice cabling installation, the company adeptly serves industrial, commercial, retail, and theatrical sectors. Their integrated approach covers the entire project lifecycle, from design and supply to installation, testing, and commissioning. Rulka Electricals Limited is ISO 9001:2015 certified, ensuring top-notch quality management. Currently boasting a team of 92 employees as of February 29th, 2024, the company's revenue primarily stems from Turnkey Projects that encompass material and labor alongside engineering, design, and consulting services, highlighting their comprehensive and client-centric approach to electrical and safety solutions.
Strength Factors
Robust Quality Assurance and Standards: The company's stringent quality assurance processes ensure consistent delivery of high-quality products or services, fostering trust among clients and setting them apart in the market.
Strong Existing Client Relationships: Leveraging long-standing relationships with existing clients, the company enjoys repeat business and referrals, serving as a testament to their reliability and customer satisfaction.
Scalable Business Model: With a scalable business model in place, the company can efficiently expand operations to meet growing demand without compromising quality or customer experience, positioning them for sustainable growth.
Risk Factors
Dependency on Few Customers: Reliance on a limited number of clients exposes the company to significant risk. Loss or reduction in contracts from these clients could lead to a substantial negative impact on revenue and overall business stability.
Legal Proceedings: Ongoing legal proceedings involving the company, its directors, or promoters pose a potential risk. Adverse decisions in these cases could result in financial liabilities, damage to reputation, and disruptions to business operations.
Regulatory Approvals and Licenses: The company's operations are subject to regulatory requirements, including approvals and licenses. Failure to obtain or renew these authorizations in a timely manner could hinder operations, impact financial performance, and potentially lead to legal consequences.
Beeline Capital Advisors Pvt Ltd
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com