Rajesh Power Services Ltd - IPO

Rajesh Power Services Ltd IPO Details

Initial public offer of upto 47,90,000 equity shares of face value of Rs. 10 each (Equity Shares) of Rajesh Power Services Limited (the Company or RPSL or The Issuer) for cash at a price of Rs. 335 per share (including a share premium of Rs. 325 per equity share) (the Issue Price), aggregating to Rs. 160.47 crores (The Issue), comprising of fresh issue of upto 27,90,000 equity shares at Rs. 335 per equity shares aggregating to Rs. 93.47 crores and offer for sale of 20,00,000 equity shares by selling shareholders at Rs. 335 per equity shares aggregating to Rs. 67.00 crores. The offer includes a resrvation of upto 2,44,000 equity shares of face value of Rs. 10 each at a price of Rs. 335 per equity share aggregating to Rs. 8.17 crores for subscription by the market maker to the offer (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 45,46,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.60 % and 25.25 %, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Capital Expenditure. Additional working capital requirements. General corporate purposes.

Rajesh Power Services Ltd Contact Details

Rajesh Power Services Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@rajeshpower.com

Website - www.rajeshpower.com