Rajesh Power Services IPO

About the company

Rajesh Power Services Limited (RPSL), established in 2012, is a prominent player in the power infrastructure sector, with a specialized focus on both renewable and non-renewable energy services. The company made its foray into solar power generation by setting up a 1MW Solar Power Plant in Gujarat under one of the first solar schemes launched by the Gujarat government. This plant, which supplies power to PGVCL DISCOM, marks the beginning of RPSL's commitment to sustainable energy solutions. Over the years, RPSL has expanded its expertise in building, operating, and maintaining solar power plants across Western India, and has executed key projects, including a power supply arrangement for Adani’s 300MW Solar Plant in Rajasthan. The company is actively involved in the execution of major projects under the Central Government’s Revamped Distribution Sector Scheme (RDSS) and Gujarat's Robust Network Scheme, both of which offer significant business opportunities in the modernization of existing power infrastructure. RPSL's project portfolio includes setting up Extra High Voltage (EHV) substations, laying EHV underground cables, and providing turnkey solutions for power transmission and distribution networks. Additionally, the company offers Operation and Maintenance (O&M) services for solar plants and EHV substations, contributing to the efficiency and reliability of energy infrastructure. RPSL is also making strategic investments in the growing field of technology-based solutions for the energy sector. Through a 26% capital stake in HKRP Innovations Limited, RPSL is leveraging IoT and cloud-based technologies to offer cutting-edge solutions such as Smart Feeder Management Systems and Solar Energy Data Management. This partnership aligns with RPSL’s vision to drive innovation in the energy sector and enhance the efficiency of power grids and renewable energy systems. With a robust order book and a dynamic management team, RPSL is well-positioned to continue its expansion, capitalizing on the vast opportunities in the power sector and contributing to the nation’s energy transition goals.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   25 Nov 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Nov 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   28 Nov 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Nov 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Nov 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   02 Dec 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.