News Business Rulka Electricals IPO: Retail Investors Drive Full Subscription on Day 1
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Initial public offering

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Rulka Electricals IPO: Retail Investors Drive Full Subscription on Day 1

On the first day of its initial public offering (IPO), Rulka Electricals witnessed robust demand from retail investors, leading to full subscription. Let's delve into the details of this promising IPO:

Key Details

  • Issue Size: Rulka Electricals aims to raise approximately ₹26.4 crore through its IPO.
  • Price Band: The IPO price band is set between ₹223 and ₹235 per equity share.
  • Lot Size: Each lot consists of 600 shares.
  • Anchor Investors: The anchor book subscription saw participation from marquee investors, including BOFA Securities Europe SA - ODI, Negen Undiscovered Value Fund, Galaxy Noble Global Opportunities Fund PCC - GNGOF 1, and others.

About Rulka Electricals

Rulka Electricals, a Mumbai-based turn-key project contractor, provides comprehensive solutions for electrical and firefighting turnkey projects. Their services span various sectors, including industrial, commercial, retail, and theatre. From electrical solutions to solar EPC contracts, Rulka Electricals covers it all.

The company was founded in 2013 by entrepreneurs Rupesh Laxman Kasavkar and Nitin Indrakumar Aher, both with extensive experience in site execution and electrical/fire project work.

Subscription Status

As of day 1, the Rulka Electricals IPO is subscribed 1.35 times. Retail investors showed strong interest, subscribing 2.41 times, while non-institutional investors (NII) booked 70% of their portion[^1^][1].

Don't miss out on this exciting IPO opportunity!

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