What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Rajesh Power Services Limited IPO allotment date?

The basis of allotment for Rajesh Power Services Limited IPO is scheduled to be finalized on 28 Nov 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 29 Nov 2024.

Rajesh Power Services Limited

ListedSME

Capital Goods / Industrials · BSE

Rajesh Power Services Limited, established in 1971, provides consultancy, EPC contracting, and specialized services to power transmission and distribution utilities across renewable and non-renewable energy sectors in India, serving major clients like GIFT City, Gujarat Metro, Adani Renewables, and Reliance. The company has also invested in HKRP Innovations, which builds IoT and cloud-based IT solutions for the energy sector such as Smart Feeder Management System, Virtual Feeder Segregation, Real-Time Oil Well Monitoring, and Solar Data Management. With 940 employees as of April 1, 2024, RPSL blends long industry experience with modern technology to offer comprehensive and innovative energy solutions nationwide.

Price Band

₹319 – ₹335

Issue Size

₹160 Cr

Lot Size

400 shares

GMP

₹157

+46.9%

Est. Listing

₹492

at current GMP

Subscribed

59.08x

overall

Open

25 Nov 2024

27 Nov 2024

Allotment

28 Nov 2024

Refund

29 Nov 2024

Demat Credit

30 Nov 2024

Listing

2 Dec 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Rajesh Power Services Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

28 Nov 2024

Basis finalization

Refunds Initiate

29 Nov 2024

Mandate release

Demat Credit

30 Nov 2024

Shares in demat

Listing Debut

2 Dec 2024

Trading begins

How to Check Rajesh Power Services Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Rajesh Power Services Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Rajesh Power Services Limited Public Issue & Market Profile

Rajesh Power Services Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrials sector with an aggregate issue size of ₹160.47 Crores. The shares are offered at a price band of ₹319 to ₹335 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-11-27, the basis of allotment is scheduled to be finalized on 2024-11-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.