Rulka IPO

Rulka Electricals Ltd

₹1,33,800 /600 sharesMinimum Investment

Rulka IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹235.00₹525.00₹290.00 (123.40%)

Rulka IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 May ‘24 - 21 May ‘24₹1,33,800600₹223 - ₹235
Issue SizeIPO Doc
26.40Cr
RHP PDF

About the company

Rulka Electricals Limited is a contractor of turnkey projects in the electrical & fire fighting space. It offers 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. The company provides Operations and Maintenance (O&M) services for electrical and fire-fighting systems. These services include routine inspections, preventive maintenance, prompt issue resolution, and emergency response. The company also provides Annual Maintenance which are customised to meet the specific requirements of systems and operations. A dedicated team of technicians and engineers ensure that systems are consistently maintained. The company derives 100% of its revenues from turnkey projects, which include engineering, designing and consulting, material and labour.;
Founded in
2013
Managing director
Mr. Rupesh Laxman Kasavkar
Parent organisation
Rulka Electricals Ltd

Strength and risks

Strengths
Risks
The company holds an ISO 9001:2015 certification.
The company has integrated operations involving designing, supplying, installing, testing, commissioning and maintenance of projects. The company has completed warehousing, retails stores, theatre, hospitals, and hospitality projects across the country.
The company serves a diverse mix of end markets, including warehouse, retail, industrial, and hotel/hospital clients. This has allowed the company to manage a significant portion of operating cost increases over the years.
The company caters to multiple regions in India including Andhra Pradesh. Bihar, Delhi, Goa, Gujarat, Tamil Nadu, Maharashtra, etc.
For financial years ended March 31, 2021, 2022, and 2023 and the 11 months ended February 2024, the contribution from the top 5 customers fell from 71.58% to 61.70%, 53.06% to 33.35%, and from the top 10 customers, it decreased from 85.67% to 80.64%, 71.05% to 51.56%. Thus, the concentration risk of revenues for the company has been steadily decreasing.
The company’s financial performance has consistently been positive over the last few years. For the financial years ended March 31, 2021, 2022 and 2023, revenue from operations grew from Rs 9.82 crore to Rs 19.19 crore to Rs 28.27 crore, while profit after tax increased from Rs 0.54 crore to Rs 1.12 crore to Rs 2.81 crore.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular223 - 235₹2 Lakh
High Networth Individual223 - 235₹2 - 5 Lakh
For Rulka IPO, eligible investors can apply as Regular.
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