
Electrical / Construction & Engineering · NSE
Rulka Electricals Limited has been delivering top-notch electrical and fire-fighting solutions since May 2013. The company offers a wide range of services, including electrical panels, solar EPC projects, warehouse electrical setups, commercial and industrial services, maintenance, contracting, and data & voice cabling installations. They cater to industrial, commercial, retail, and theatrical sectors, managing everything from design and supply to installation, testing, and commissioning — all under one roof. With an ISO 9001:2015 certification, Rulka Electricals ensures high-quality standards at every step. As of February 29, 2024, they have a skilled team of 92 employees. The majority of their revenue comes from Turnkey Projects, offering a complete package of materials, labor, engineering, design, and consulting services — making them a one-stop solution for all electrical and safety needs.
Price Band
₹223 – ₹235
Issue Size
₹26.40 Cr
Lot Size
600 shares
GMP
+174.5%
Est. Listing
₹645
at current GMP
Subscribed
676.90x
overall
Open
16 May 2024
Close
21 May 2024
Allotment
22 May 2024
Refund
23 May 2024
Demat Credit
24 May 2024
Listing
24 May 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
22 May 2024
Basis finalization
Refunds Initiate
23 May 2024
Mandate release
Demat Credit
24 May 2024
Shares in demat
Listing Debut
24 May 2024
Trading begins
Rulka Electricals Limited is bringing an initial public offering (IPO) in the Electrical / Construction & Engineering sector with an aggregate issue size of ₹26.4 Crores. The shares are offered at a price band of ₹223 to ₹235 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
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.
Following the close of bidding on 2024-05-21, the basis of allotment is scheduled to be finalized on 2024-05-22. 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.
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.
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.