Fri Oct 25 09:17:53 UTC 2024: **Summary of News Article:**

– **Company:** Rajesh Power Services Ltd (RPSL)
– **IPO Filing:** The company has filed draft papers with BSE SME to raise funds through an initial public offering (IPO).
– **Structure of IPO:** The IPO will include a fresh issuance of 27.9 lakh equity shares and an Offer-for-Sale (OFS) of up to 20 lakh equity shares.
– **Use of Proceeds:**
– Rs 25.10 crore for capital expenditures (cable identification and testing).
– Rs 17.94 crore for purchasing fault location equipment.
– Rs 4.16 crore to set up a 1300 KW DC Solar power plant.
– Rs 3 crore for developing technical expertise in Green Hydrogen production and associated equipment.

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