Rajesh Power Services Ltd

Rajesh Power Services IPO Funds: No Deviations, Lower Expenses 📊

- Total IPO funds raised: ₹160.47 crore (₹93.47 crore fresh issue + ₹67 crore offer for sale)

- Funds utilized as intended: ₹25.11 crore for capital expenditure, ₹30 crore for working capital, and ₹22.86 crore for general corporate purposes

- Actual IPO expenses: ₹14.34 crore (lower than the estimated ₹15.50 crore)

- Surplus of ₹8.57 crore reallocated to working capital requirements