Rajesh Power Services files DRHP with BSE SME for raising funds through IPO

Rajesh Power Services (RPSL) filed its DRHP with the BSE SME to raise funds via an IPO. The IPO will comprise a fresh issue of 27.90 lakh equity shares and an Offer for Sale (OFS) of up to 20 lakh equity shares. RPSL intends to utilise the net proceeds from the IPO towards capital expenditure to purchase cable identification, testing and fault location equipment.