Rulka Electricals is launching its IPO soon. The company has released all its IPO details to the public. After filling out the DRHP papers some time ago, the company is ready for the book-built issue of Rs. 26.40 crores from the initial public offering. We will share details about Rulka Electrical’s upcoming IPO date and other essential information below. The company deals with a wide variety of electrical panels and solar EPCs. Thus, the field has a lot of scope, and there is a high chance that its value will increase over time.
Rulka Electricals IPO 2024 Opening Date, Allotment, GMP, Price Band, Lot Size, Issue Size, And More
Rulka Electricals IPO will open on 16 May 2024 and close on 21 May 2024. The company will provide the shares at a face value of Rs. 10 per share. With a Lot size of 600 shares, Rulka will provide both a fresh issue of shares and an offer for sale. The company decided to issue fresh 8,42,400 shares worth Rs. 19.80 crores. On the other hand, the offer for sale will be Rs. 6.60 Crores with 280,800 shares of Rs. 10.
Rulka Electricals price band is Rs. 223 to Rs. 235 per share. It is a decent price band. In contrast, the grey market will be opening at even more benefit. The current GMP value is Rs. 80, with an IPO price of Rs. 235. Following are details about the GMP price of Rulka Electricals.
11-05-2024: Rs. 0
12-05-2024: Rs. 0
13-05-2024: Rs. 65
14-05-2024: Rs. 65
15-05-2024: Rs. 80
The shares will be divided into different investor categories. The first category will be QIB, with more than 50% of the shares offered. Retail shares will be 35%, and NII will be less than 15%. The allotment will occur on 22 May 2024, with a listing date of 24 May 2024.
Regarding the company’s financials, Rulka Electricals is increasing its profitability yearly. The profit after tax for 31 March 2022 will be Rs. 112.08 Lakhs with a net worth of Rs. 276.82 Lakhs. In the previous financial year ending on 31 March 2023, the company made a profit after tax of Rs. 280.52 Lakhs with a net worth of Rs. 557.33 Lakhs. Rulka’s profit after tax by 29 February 2024 was Rs. 565.77 Lakhs with a net worth of Rs. 1,290.15 Lakhs. Stay tuned for more information on our website.