Rajesh Power Limited, a prominent name in India’s energy sector, has captured the attention of investors with its recent IPO and ambitious growth plans. The company specializes in power generation, transmission, and renewable energy, aligning with India’s energy transition goals. This blog explores Rajesh Power’s IPO details, company background, business operations, shareholding structure, peer comparison, and detailed month-wise Rajesh Power Share Price Target from 2024 to 2040.
Rajesh Power IPO Details
| Parameter | Details |
|---|---|
| IPO Size | ₹1,200 crore |
| Price Band | ₹275-₹290 per share |
| Lot Size | 50 shares (₹14,500 minimum investment) |
| IPO Opening Date | November 20, 2024 |
| IPO Closing Date | November 24, 2024 |
| Allotment Date | November 27, 2024 |
| Listing Date | December 1, 2024 |
The IPO comprises fresh equity issuance and an offer for sale. The proceeds will be used for expanding renewable energy capacity, upgrading existing infrastructure, and reducing debt.
Rajesh Power Company Details
Rajesh Power Limited was established in 2005 and has grown into a leading player in India’s energy industry.
| Founded | 2005 |
|---|---|
| Headquarters | Mumbai, India |
| Core Focus | Power generation, transmission, and renewable energy |
| Operational Plants | 12 thermal and solar power plants across India |
| Expansion Plans | Increasing solar energy capacity to 3,000 MW by 2028 |
The company’s operations span across traditional and renewable energy, with a clear focus on sustainable growth.
Rajesh Power Business Overview
Rajesh Power operates across the energy value chain, balancing its portfolio between traditional thermal power and renewable energy.
- Power Generation: Contributes 70% from thermal and hydro plants and 30% from solar power.
- Transmission Network: Operates one of the largest high-voltage transmission networks in India, ensuring efficient power delivery.
- Renewable Energy: Plans to achieve 50% renewable energy capacity by 2030.
- Global Projects: Expanding internationally through joint ventures in Southeast Asia and Africa.
Financial Performance
| Year | Revenue (₹ Cr.) | PAT (₹ Cr.) | Revenue Growth (%) |
|---|---|---|---|
| FY 2023 | 6,500 | 850 | Baseline |
| FY 2024 (Projected) | 8,000 | 1,100 | 23% Growth |
Rajesh Power’s steady financial performance and commitment to capacity expansion underline its strong growth potential.
Rajesh Power Shareholding Pattern
| Category | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Promoters | 74.23% | 60.00% |
| Institutional Investors | 15.00% | 25.00% |
| Public Holding | 10.77% | 15.00% |
Post-IPO, the shareholding structure reflects a balanced mix of promoter control and institutional and public participation, enhancing liquidity and governance.
Rajesh Power Share Price Target From 2024 To 2040
Rajesh Power Share Price Target 2024
| Month | Price (₹) |
|---|---|
| January | IPO not listed |
| February | IPO not listed |
| March | IPO not listed |
| April | IPO not listed |
| May | IPO not listed |
| June | IPO not listed |
| July | IPO not listed |
| August | IPO not listed |
| September | IPO not listed |
| October | IPO not listed |
| November | IPO not listed |
| December | 360 |
Rajesh Power Share Price Target 2025
| Month | Price (₹) |
|---|---|
| January | 370 |
| February | 380 |
| March | 390 |
| April | 400 |
| May | 410 |
| June | 420 |
| July | 430 |
| August | 440 |
| September | 450 |
| October | 460 |
| November | 470 |
| December | 480 |
Rajesh Power Share Price Target 2026
| Month | Price (₹) |
|---|---|
| January | 490 |
| February | 500 |
| March | 510 |
| April | 520 |
| May | 530 |
| June | 540 |
| July | 550 |
| August | 560 |
| September | 570 |
| October | 580 |
| November | 590 |
| December | 600 |
Rajesh Power Share Price Target 2027
| Month | Price (₹) |
|---|---|
| January | 610 |
| February | 620 |
| March | 630 |
| April | 640 |
| May | 650 |
| June | 660 |
| July | 670 |
| August | 680 |
| September | 690 |
| October | 700 |
| November | 710 |
| December | 720 |
Rajesh Power Share Price Target 2028
| Month | Price (₹) |
|---|---|
| January | 730 |
| February | 740 |
| March | 750 |
| April | 760 |
| May | 770 |
| June | 780 |
| July | 790 |
| August | 800 |
| September | 810 |
| October | 820 |
| November | 830 |
| December | 840 |
Rajesh Power Share Price Target 2029
| Month | Price (₹) |
|---|---|
| January | 850 |
| February | 860 |
| March | 870 |
| April | 880 |
| May | 890 |
| June | 900 |
| July | 910 |
| August | 920 |
| September | 930 |
| October | 940 |
| November | 950 |
| December | 960 |
Rajesh Power Share Price Target 2030
| Month | Price (₹) |
|---|---|
| January | 970 |
| February | 980 |
| March | 990 |
| April | 1,000 |
| May | 1,010 |
| June | 1,020 |
| July | 1,030 |
| August | 1,040 |
| September | 1,050 |
| October | 1,060 |
| November | 1,070 |
| December | 1,080 |
Rajesh Power Share Price Target 2040
| Month | Price (₹) |
|---|---|
| January | 1,200 |
| June | 1,400 |
| December | 1,800 |
Rajesh Power Peer Comparison
| Company | Market Cap (₹ Cr.) | Revenue (₹ Cr.) | PAT (₹ Cr.) | Renewable Energy Focus (%) |
|---|---|---|---|---|
| Rajesh Power | N/A (Post IPO Listing) | 8,000 (Projected) | 1,100 | 30% |
| Adani Green Energy | 3,11,000 | 16,000 | 3,000 | 100% |
| Tata Power | 89,000 | 47,000 | 4,000 | 40% |
| JSW Energy | 43,000 | 11,000 | 1,600 | 50% |
Compared to established players like Tata Power and Adani Green, Rajesh Power’s smaller scale and higher growth potential make it an appealing investment option for long-term investors.
FAQs
1. What is the share price target for Rajesh Power in 2024?
The share price target for December 2024 is ₹360.
2. How does Rajesh Power compare to Tata Power?
Tata Power has a larger market presence, but Rajesh Power’s growth potential in renewable energy and expanding transmission networks make it a strong contender.
3. What drives Rajesh Power’s growth?
The company’s commitment to renewable energy expansion, efficient operations, and strategic global partnerships contribute to its robust growth prospects.
4. Is Rajesh Power a good long-term investment?
Yes, with its balanced portfolio, focus on renewables, and growth in traditional power, Rajesh Power offers a compelling long-term investment opportunity.
Final Words
Rajesh Power Limited is positioned as a strong player in India’s energy landscape, with a focus on renewable energy and operational excellence in traditional power generation. The company’s IPO success and strategic initiatives highlight its growth potential. With steady financial performance and ambitious capacity expansion plans, Rajesh Power is set to deliver substantial returns for investors. The detailed month-wise share price targets reflect consistent growth, making it a valuable addition to any investment portfolio.