Rajesh Power Services Ltd. has announced public offering of 4790000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 325.00 per share. The gross proceeds of the issue are expected to be Rs 16,046.50 lakhs.
The company's initial public offer (IPO) will open on 25 November 2024 and is expected to close on 27 November 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 320.00-335.00 per share.
The IPO includes a fresh Issue of 4790000 Equity Shares of the Company at an price of Rs 335.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 400 shares with bids in multiples of 400.
Rajesh Power Services Ltd. anticipates using the proceeds of the issue for .
ISK ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.