Sensex Today | Stock Market LIVE Updates: Rulka Electricals IPO opens May 16, 2024; price band fixed at Rs 223-235



Anchor Book will open on Wednesday, May 15, 2024, while the issue will be closed on Tuesday, May 21, 2024

IPO comprises a fresh issue of 8,42,400 equity shares and an Offer for Sale of up to 2,80,800 equity shares with a face value of Rs 10 each through the book-building route

The company proposes to use Rs 14 crore of the IPO proceeds to meet the working capital requirements for the expansion of its business activities. The remaining capital is to be used for general corporate purposes and public offer expenses

REL is a leading turnkey project contractor offering a wide range of electrical and firefighting services

Beeline Capital Advisors Private Limited is the sole Book Running Lead Manager, and Bigshare Services Private Limited is the Registrar for the Issue