Rulka Electricals Limited IPO Closed

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IPO date 16th – 21st May 2024
Listing date 24 May 2024
Type SME
Price range 223 – 235
Minimum order quantity 600
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Rulka Electricals Limited is launching its IPO. The offer opens for subscription on May 16, 2024, and closes on May 21, 2024.

Disclaimer: This stock will trade with a lot size of 600 shares in the SME segment on listing.

What does Rulka Electricals Limited do?

Incorporated in 2013, Rulka Electricals Limited is engaged in offering solutions for all types of Electrical & Fire Fighting Turnkey Projects. The company offers a wide range of services like Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turn Key Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting, and Data & Voice Cabling Installation across the Industrial Sector, Commercial, Retail, and Theatre sectors. It offers electrical contracting services for all types of industrial plants.

The company derives 100% of its revenue from Turnkey Projects – Turnkey Project includes material and Labour both together with engineering, designing, and consultancy Services.

Schedule/Timeline of Rulka Electricals Limited IPO

Issue Period 16th May to 21st May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 22, 2024
Initiation of Refunds May 23, 2024
Credit of Shares May 23, 2024
Date of Listing May 24, 2024
Mandate end date June 05, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 22, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 22, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Rulka Electricals Limited IPO?

You can apply for the Rulka Electricals Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Rulka Electricals Limited IPO?

You can check the allotment status for the Rulka Electricals Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.