Rajesh Power Services Limited (RPSL), a leading service provider for the power sector, has announced the filing of its Draft Red Herring Prospectus (DRHP) with BSE SME for an initial public offering. The IPO includes a fresh issuance of equity shares and an offer for sale by existing shareholders. RPSL, known for its EPC contracting and turnkey services in power transmission and distribution, plans to allocate a portion of the IPO proceeds towards green initiatives, including setting up a DC Solar power plant and developing expertise in green hydrogen production. The company also offers consultancy services for power substations and cable systems and has a substantial order book of projects. RPSL's revenue and profit have shown a positive trend, with revenue from operations reaching Rs. 284.96 crore in FY24 and a profit of Rs. 26.02 crore, demonstrating growth from the previous fiscal year. Additionally, RPSL has invested in HKRP Innovations Limited, focusing on providing IT solutions to the energy sector. HKRP offers innovative solutions such as IoT and cloud-based services for power grids and renewable energy. With a strong financial performance and a focus on green technology, RPSL is poised for further growth and innovation in the power sector.