About the Company:
Rulka Electricals Ltd is in business of turn key projects contractor engaged in offering solution for all types of Electrical & Fire Fighting Turnkey Projects.
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.
Company offer electrical contracting services for all types of industrial plants.
Company has integrated operations which involve Designing, Supplying, Installation, Testing & Commissioning of the project and also maintains the projects as per the Requirements.
Company has completed Warehouses projects across country. Also completed Retail Stores projects, theatres project across country & many more Hospitals & Hospitality.
Operations and Maintenance (O&M) services:
Company also provides Operations and Maintenance (O&M) services, specifically tailored for electrical and fire-fighting systems. The O&M services are designed to proactively address the needs of our Clients systems, offering a range of services including routine inspections, preventive maintenance, prompt issue resolution, and emergency response.
Company also provides Annual Maintenance which are customized to meet the specific requirements of systems and operations. Under an Annual Maintenance Contacts, Company provides dedicated team of technicians and engineers, ensuring that systems are consistently maintained to the highest standards.
The O&M and AMC services contribute 1.21%, 2.33%, 5.64% to the total revenue for the year ended March 31, 2023, March 31, 2022 and March 31, 2021.
Services Provided by the Company:
- Electrical Services.
- Fire Fighting Systems.
- Security Systems.
- Public Address Systems.
- Access Control Systems.
- Audio-Video Systems Services.
- CCTV Systems Service.
- IT & Networking Services.
- Solar Systems.
Electrical Services Provided by the Company:
The services provided under electrical services are:
• Electrical Power Harmonic testing & detecting quality of power.
• Fault Finding in a circuit.
• DG Efficiency & consumption calculations.
• Transformer Testing & Oil Filtration & quality test.
• Panel Testing.
The services provided under electrical contracting services are:
• Retail & Commercial Electrical & Data Works without affecting your Business.
• Electrical Trunkey Projects (Commercial & Industrial ).
• DG Installation Testing & Commencing.
• Transformer Installation Testing & Commencing.
• 2 / 4 Pole Structure Supply & Installations.
The services provided under Data & voice cabling Installation services are:
• Data & Voice Cabling with trunking or piping as required.
• Data Rack Supply & Installations as required.
• Voice Krone Box Fixing & Punching as required.
• Establishment of Epax Systems.
• Patch Panel & I/O. Terminations as required.
Management Team:
- Mr. Rupesh Laxman Kasavkar (Designation: Chairman cum Managing Director)
- Mr. Nitin Indrakumar Aher (Designation: Whole-Time Director)
Objectives of the Issue:
Fresh Issue: (Rs.26.39 cr)
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Offer Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| To Meet Working Capital Requirement | 14 cr |
Positives for the Company:
Company has a Diversified Client Base.
Company serves a diverse mix of end markets across several industry sectors which are warehouse clients, retail clients, Industrial clients and Hotel/Hospital clients. In our business, we serve a number of customers with variety of services.
Since company caters to a diverse customer base, we have historically been able to pass a significant portion of increases in operating costs such as infrastructure cost, and other operating expenses through review.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 29th Feb 24 |
|---|---|---|---|---|
| Revenue | 19.60 | 36.27 | 46.89 | 65.27 |
| Net Profit | 0.53 | 1.12 | 2.80 | 5.65 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Rulka Electricals Ltd | 10 | 8.50 | 27.64 | 50.33% | 16.89 |
| HEC Infra Projects Ltd | 10 | 0.78 | 37.24 | 2.62% | 29.16 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 16th May 2024 |
| Issue Closes on | 21st May 2024 |
| Issue Price | Rs.223-235 |
| Face Value | Rs.10 |
| Minimum Lot | 600 Shares |
| Minimum Investment | Rs.1,41,000 |
| Issue Constitutes | 26.37% |
| Issue Size | Rs.26.39 cr |
| Market Cap | Rs.100 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 11,23,200 (Rs.26.39 cr) |
| Equity Shares Prior to the Issue | 34,16,000 |
| Equity Shares after the Issue | 42,58,400 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 22nd May 2024 |
| Initiation of Refunds | on or Before 23rd May 2024 |
| Credit of Equity Shares: | on or Before 23rd May 2024 |
| Listing Date: | on or Before 24th May 2024 |
IPO Valuation Parameters:
| Earnings Per Share (PS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 8.50 | 27.64 | 50.33% | 16.89 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Rulka Electricals Ltd is a prominent player in the realm of turnkey projects contracting, specializing in comprehensive solutions for Electrical and Fire Fighting projects. Their diverse portfolio encompasses a spectrum of services tailored to various sectors, including Industrial, Commercial, Retail, and Theatre.
From Electrical Solutions and Panels to Solar EPC Contracts and Data & Voice Cabling Installation, the company offers a wide array of services to meet the multifaceted needs of its clientele. With a strong focus on quality and innovation, Rulka Electricals Ltd is committed to delivering excellence in every project they undertake. Their expertise extends to Electric Commercial Industrial Services, Maintenance, and Electrical Contracting for industrial plants. As a reliable partner, they provide end-to-end solutions, ensuring seamless execution from conception to completion. Investors seeking long-term prospects can find value in Rulka Electricals Ltd, a company dedicated to driving progress and reliability in the electrical turnkey projects sector. |
| Company Contact Info: |
|---|
| Rulka Electricals Limited A – 20, Shiva Industrial Estate Co. Ltd., Lake Road, Near Tata Power, Bhandup West, Mumbai City, Maharashtra- 400078, India. Tel. No.: +022 41276806, 022 49742572, E-mail: info@replservices.com Website: www.replservices.com |
| Registrar to the Issue: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400 093, Maharashtra, India Tel No: 022 – 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India. Tel. No.: +91-79-48407357 Email: mb@beelinemb.com Website: www.beelinemb.com |
