58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Rulka Electricals Limited IPO Analysis

Rulka Electricals IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Engineering - EPC sector. Beeline Capital Advisors Private is the merchant banker of Rulka Electricals IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 8th December 2023.

Rulka Electricals IPO posted revenues of Rs 71.20 crores and PAT of Rs 6.16 crores in FY24 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Rulka Electricals IPO Financial Performance (Restated)

Financial results of Rulka Electricals IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
29-Feb-24
FY23
FY22
FY21
Balance Sheet
Assets
40.82
28.27
19.19
9.82

Net Worth
12.90
5.57
2.77
1.65

Total Debt
11.05
5.27
2.82
2.31

Profit & Loss
Revenue
Revenue on annualised basis
65.19
71.12
46.84
36.27
19.59

EBITDA
EBITDA on annualised basis
8.11
8.85
4.01
2.20
1.05

PAT
PAT on annualised basis
5.66
6.17
2.81
1.12
0.54

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Rulka Electricals IPO Key performance Indicators (KPI)

Rulka Electricals IPO PAT Margin is 8.68%, ROCE (Return on Capital Employed) is 33.67% as per latest financial. The below table shows Rulka Electricals IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
29-Feb-24
FY23
FY22
FY21

EBITDA Margin (%)
12.44
8.56
6.07
5.36

PAT Margin (%)
8.68
6.00
3.09
2.76

EPS (Rs.)
16.67
8.50
3.40
1.63

ROE (%)
43.88
50.45
40.43
32.73

ROCE (%)
33.67
36.51
37.82
24.66

ROA (%)
13.87
9.94
5.84
5.50

Debt to Equity (x)  
0.86
0.95
1.02
1.40

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Rulka Electricals IPO Valuation Metrics

The market Capitalisation of Rulka Electricals IPO is Rs 100.07 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
100.07

Enterprice Value (EV) (Rs. Cr.):
109.51

EV/EBITDA (times) :
12.38

PE Multiple (times) :
16.21

P/B (times) :
2.55

NAV (Rs.) :
37.77

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Rulka Electricals prospectus?

The Rulka Electricals IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Rulka Electricals IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Rulka Electricals IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Rulka Electricals IPO ?

The post-IPO market capitalisation of Rulka Electricals IPO is ₹100.07 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Rulka Electricals IPO?

The Rulka Electricals IPO has a Price-to-Earnings (PE) ratio of 16.21 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Rulka Electricals IPO?

Rulka Electricals IPO reported revenue of ₹71.20 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Rulka Electricals IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Rulka Electricals IPO?

Rulka Electricals recorded an EBITDA of ₹ 8.85 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Rulka Electricals IPO?

Rulka Electricals Profit After Tax (PAT) is ₹6.17 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 71.12 Cr.
            EBITDA: ₹ 8.85 Cr.
            PAT: ₹ 6.17 Cr.
  • EBITDA Margin: 12.44 %
            Pat Margin: 8.68%
  • Net Worth: ₹ 12.90 Cr.
  • Market Capitalisation: ₹ 100.07 Cr.
  • P/E: 16.21 times
  • P/BV: 2.55 times
  • EV/EBITDA: 12.38 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Rulka Electricals operates in Engineering - EPC and Electrical And Fire-Fighting Solutions Company. The Issue is listed on NSE EMERGE in May, 2024. Rulka Electricals IPO size was 26.40 with Issue price of 235.00 .

Rulka Electricals IPO subscription was 676.83 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Rulka Electricals IPO listed at a listing price of 498.75 against the offer price of 235.00.

The current market price of Rulka Electricals is 189.60.

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