ListedSMEPower Generation/DistributionRAJESH

Rajesh Power Services IPO

Rajesh Power Services IPO is an SME IPO raising ₹160 Cr at ₹319 – ₹335 a share. It listed on 2 Dec 2024 at ₹702, +109.5% against its issue price of ₹335, and trades at ₹794 today (+136.9% since issue). It was subscribed 54× in total.

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₹335

Issue price

₹794

Price now

+136.9%

Since issue price

2 Dec 2024

Listed on

54×Subscribed (final) · all exchanges

54.0 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹319 – ₹335

Cut-off price₹335

Issue size₹160 Cr

Shares per lot400

Minimum application₹1,34,000

Minimum quantity400

Face value₹319

Listing exchanges—

ISININE0VN801010

Bidding hours10:00 – 17:00 IST

Bidding window25 Nov 2024 – 27 Nov 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.