Rulka Electricals Limited IPO : Key Highlights

Rulka Electricals Limited IPO is set to launch on 16 May, 2024. The company was incorporated in 2013. It is in the business of offering solutions for all types of Electrical & Fire Fighting Turnkey Projects. The company 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. 

The company has integrated operations which involve Designing, Supplying, Installation, Testing & Commissioning of the project. It has completed Warehouses projects, Retail Stores projects, theatres projects, hospital projects across the country.

Other Information

The company provides Operations and Maintenance (O&M) services, specifically tailored for electrical and fire-fighting systems. It also provides Annual Maintenance which are customised to meet the specific requirements of systems and operations. Being in the domain for more than a decade, it understands the importance of latest facilities in the growth of any organisation. Thus, it has developed the infrastructure at its premises so as to meet the growing demands of clients effectively. 

It leverages technical expertise in the most optimal and cost-effective manner, ensuring the utmost reliability and availability of each project. It derives 100% revenue from Turnkey Projects. It has long term relationships with clients like D’mart, Oberoi Hotels, Reliance Retail, Radisson group, Welspun One Logistics, Mastek, Indospace, Inox and many more. 

The company is now focusing on mega orders to scale up its top and bottom lines in coming years. It has expanded its horizons with PA system, CCTV Servicing, Audio-Video system, IT Networking, Solar System Services, Security system and thus able to provide many services under one roof.

Rulka Electricals Limited : IPO DETAILS

Rulka Electricals Limited IPO is set to launch on 16 May, 2024. The subscription timeline extends till 21 May, 2024. The size for the IPO is Rs. 26.40 Crore. The issue is a combination of fresh issue of 8.42 lakh shares aggregating to Rs. 19.80 Crore and offer for sale of 2.81 lakh shares aggregating to Rs. 6.60 Crore. The lot size is 600 shares and the price is Rs. 223 to Rs. 235 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Bigshare Services Pvt Ltd.

Tabular Description of Rulka Electricals Limited IPO

Rulka Electricals Limited IPO: IMPORTANT DATES

Rulka Electricals Limited IPO begins for subscription from 16 May, 2024. The IPO subscription would continue till 21 May, 2024. The allotment status for the shareholders who applied would come on 22 May, 2024. The refunds for the ones who did not get allotment would be initiated on 23 May, 2024. The DEMAT accounts of shareholders would be credited on 23 May, 2024. The listing of the company would be completed on 24 May, 2024.

Rulka Electricals Limited IPO: Lead Managers

The lead managers are :

• Beeline Capital Advisors Pvt Ltd

The minimum and maximum lot size for retail investors is 1200 shares, amounting to Rs. 116400. The minimum lot size for HNI is 2400 shares, amounting to Rs. 232800.  

OBJECTIVES FOR THE IPO

• To Meet Working Capital Requirement
• General Corporate Purpose
• To Meet the Offer Expenses

COMPANY FINANCIALS

Rulka Electricals Limited  had an asset base of Rs. 982.41 Lakhs in 2021 which increased to Rs. 2826.95 Lakhs in 2023.The asset base of the firm jumped to Rs. 4082.09 Lakhs as on February 2024. The revenue for the company was Rs. 1960.11 Lakhs in 2021, which increased to Rs. 4689.78 Lakhs in 2023. The revenue for the period ending February 2024 was Rs. 6527.77 Lakhs. The profit of the company increased from Rs. 53.72 Lakhs in 2021 to Rs. 280.52 Lakhs in 2023. The profit generated for the period ending February 2024 was Rs. 565.77 Lakhs.

PROS

• The company is providing many services under one roof with major thrust on Electrical, Fire Fighting systems. 
• It marked growth in its top and bottom lines for the reported periods, and major high margin contracts lifted its bottom line.
• Being in the domain for more than a decade, it understands the importance of latest facilities in the growth of any organisation. Thus, it has developed the infrastructure at its premises so as to meet the growing demands of clients effectively.
• It leverages technical expertise in the most optimal and cost-effective manner, ensuring the utmost reliability and availability of each project
• it has long term relationship with few blue chip clients like D’mart, Oberoi Hotels, Reliance Retail, Radisson group, Welspun One Logistics, Mastek, Indospace, Inox and many more, thus is serves B2B segment where the orders are of large magnitude that bring higher margins

Rulka Electricals Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Rulka Electricals Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.