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Rajesh Power’s IPO Gets Overwhelming Response, Shares List at 90% Premium

The IPO consisted of up to 47.9 million equity shares

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Ahmedabad-based Rajesh Power Services (RPSL), a renewable and non-renewable energy solutions provider, has gone public with its Initial Public Offering (IPO) on the BSE SME platform. The IPO received an overwhelming response, with the issue being subscribed 59 times when it closed on November 27, 2024, and raised ₹1.6 billion (~$18.8 million)

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