Rajesh Power Services (RPSL) has filed draft red herring prospectus (DRHP) with BSE SME to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issuance of 27.9 lakh equity shares and an Offer-for-Sale (OFS) of up to 20 lakh equity shares.
Of the total IPO proceeds, the company intends to utilise Rs 25.10 crore for capital expenditures, such as purchasing cable identification and testing; Rs 17.94 crore for fault location equipment; Rs 4.16 crore for setting up a DC Solar power plant with a capacity of 1300 KW and; Rs 3 crore for developing technical expertise in the production of Green Hydrogen and associated equipment. Also, the company plans to use Rs 30 crore for additional working capital requirements, and the remaining capital will be utilised for general corporate purposes. ISK Advisors is the sole book-running lead manager to the issue.
The company has been in the business of EPC (Engineering, Procurement & Construction) contracting and providing turnkey services to power transmission and distribution utilities/ PSUs / Private entities.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: