The Rulka Electricals IPO is a significant event in the electrical and fire-fighting turnkey projects sector. The company offers a wide range of services like electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, electric commercial industrial services, maintenance services, electrical contracting, and data & voice cabling installation across the industrial, commercial, retail, and theatre sectors, is offering a fresh issue of 8.42 lakh shares aggregating to Rs 19.80 crores and an offer for sale of 2.81 lakh shares aggregating to Rs 6.60 crores, totaling Rs 26.40 crores.
The subscription period for the Rulka Electricals IPO begins on May 16, 2024, and concludes on May 21, 2024. The allotment of shares is anticipated to be completed by May 22, 2024. The IPO will be listed on the NSE SME platform, with a tentative listing date of May 24, 2024.
Investors can participate in the Rulka Electricals IPO at a price band of ₹223 to ₹235 per share. The minimum lot size for retail investors is 600 shares, requiring an investment of ₹141,000. High Net Worth Individuals (HNIs) can invest a minimum of ₹282,000 for 2 lots, equivalent to 1,200 shares.
Beeline Capital Advisors Pvt Ltd is the lead manager for the Rulka Electricals IPO, ensuring the smooth running of the book. Bigshare Services Pvt Ltd is the registrar for the issue, handling all administrative aspects. Sunflower Broking is the market maker for the Rulka Electricals IPO, providing liquidity and stability to the shares post-listing.
Stay tuned for more updates on the Rulka Electricals IPO and don’t miss the chance to invest in the future of Rulka Electricals, a key player in the electrical and fire-fighting turnkey projects sector.
Rulka Electricals IPO Details :
| Company Name | Rulka Electricals |
| Sector | Product and Services |
| IPO Type | SME |
| IPO Open date | 16th May 2024 |
| IPO Close date | 21st May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 600 | 1,41,000 |
| HNI (Min) | 2 | 1200 | 2,82,000 |
Rulka Electricals IPO Timeline:
| IPO Open Date | 16th May 2024 |
| IPO Close Date | 21st May 2024 |
| Basis of Allotment | 22nd May 2024 |
| Refund Initiation Date | 23rd May 2024 |
| Shares Credit to Demat | 23rd May 2024 |
| Listing Date | 24th May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
