On the last day of bidding, Rulka Electricals IPO saw a remarkable response with an overall subscription of 676.83 times led by non-institutional buyers (NII) who subscribed to the issue 1,350.15 times. Qualified institutions (QIB) subscribed 204.22 times and retail investors subscribed to the issue 658.32 times, as per chittorgarh.com.
The subscription period for the SME IPO ended on May 21. The IPO consists of a total of Rs 26.40 crore and is a combination of a fresh issue of 8.42 lakh shares aggregating to Rs 19.80 crore and an offer for sale of 2.81 lakh shares aggregating to Rs 6.60 crore. The price band for the IPO was set between Rs 223 to Rs 235 per share, and the minimum lot size for application was 600 shares
The allotment for Rulka Electricals IPO was finalised on Wednesday, May 22.
Investors can check Rulka Electricals IPO allotment status on the official website of Bigshare Services Pvt Ltd., the registrar for the issue.
Steps to check Rulka Electricals IPO allotment status on Bigshare Services
Visit the official website of Bigshare Services here: https://www.bigshareonline.com/ipo_Allotment.html
Select any one server to check your IPO Allotment Status.
Choose "Rulka Electricals Limited" from the list of companies.
In the Selection Type dropdown, choose either Application number, Beneficiary ID, or PAN ID.
Enter the required information, which could be your application number, PAN (Permanent Account Number), or Beneficiary ID.
Complete the 'captcha' to verify that you are not a robot.
Finally, click the "Search" button to check your allotment status.
Rulka Electricals IPO Listing Date
The Rulka Electricals IPO listing will take place on Friday, May 24 on NSE SME.
Rulka Electricals IPO Timeline (Tentative Details)
IPO Open Date: Thursday, May 16
IPO Close Date: Tuesday, May 21
Basis of Allotment: Wednesday, May 22
Initiation of Refunds: Thursday, May 23
Credit of Shares to Demat: Thursday, May 23
Listing Date: Friday, May 24
Investors who received shares will have their demat accounts credited on May 23. The refund procedure will begin on Thursday, as soon as the allotment is finalised.
About Rulka Electricals Limited
Founded in May 2013, Rulka Electricals Limited specialises in electrical and fire-fighting solutions. They offer services like electrical installations, solar EPC contracts, turn-key projects, and data cabling for industrial, commercial, retail, and theatre sectors. The company manages design, supply, installation, testing, and commissioning of projects, generating all revenue from Turnkey Projects, which include materials, labor, and consulting.
Rulka Electricals' services include Electrical, Fire Fighting, Security, Public Address, Access Control, Audio-Video, CCTV, IT & Networking, and Solar Systems.
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