IPO

Rudra Gas Enterprise Limited IPO

BSE SME

Listed On: Feb 15, 2024 at ₹ 119.7

₹ 126000 /2000 Shares

Check Allotment

Rudra Gas Enterprise Limited IPO Details

08 Feb, 2024

Open Date

12 Feb, 2024

Close Date

13 Feb, 2024

Allotment Date

15 Feb, 2024

Listing Date

Issue Price

₹63 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Link Intime India Private Ltd

List Price

119.7

Listing Date

2024-02-15

Market Lot

2000 Shares (₹126,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

2,248,000 shares(aggregating up to ₹14.16 Cr)

Retail Portion

50%

Subscription

350.80 times

IPO Docs

DRHP RHP

Rudra Gas Enterprise Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,066,0001,066,0002,132,000
Day 1 - 08-02-24 06:00 PM6.05 x31.66 x18.87 x
Day 2 - 09-02-24 06:00 PM26.26 x116.64 x71.51 x
Day 3 - 12-02-24 06:00 PM297.23 x404.38 x350.80 x

Rudra Gas Enterprise Limited Valuations

EPS Pre IPO

₹5.78/-

EPS Post IPO

₹5.09/-

P/E Pre IPO

10.9

P/E Post IPO

12.39

RoNW

44.09%

Rudra Gas Enterprise Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets3,380.562,804.921,960.50
Revenue4,957.024,395.952,816.96
Profit After Tax352.02179.41127.05

About The Company

Rudra Gas Enterprise Limited was founded in 2015 and is active in gas distribution network projects, fiber cable networks, construction equipment, and vehicle rental.

The company provides services in the fields of pipeline construction, civil works, and operation and maintenance of pipeline networks in city gas distribution. The company also provides services for the installation of fiber optic cables and their maintenance.

The company has three business verticals:
Gas pipeline projects: These include the laying of pipelines for the distribution of city gas network and the construction of associated facilities such as CNG (compressed natural gas) stations, the construction, installation, testing, and commissioning of underground pipelines, maintenance, and repair facilities, the construction and installation of gas stations and their physical infrastructure such as pipelines, valves and stations required to carry out the works in accordance with the scope and specifications of the project. The company also provides comprehensive operation and maintenance services to city gas distribution companies(CGD).
Fiber optic cable projects: This involves the development of special cables for the transmission of data using light signals.
Rental of construction machinery and vehicles: This includes the rental of construction machinery and vehicles to subcontractors for specific projects.

The company's customers include companies in the city gas distribution and telecommunications sectors, both in the public and private sectors.

As of October 31,2023, the company had 512 permanent employees on the payroll of the company.

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Rudra Gas Enterprise Limited - Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 73.03%


Company Promoter(s)

  1. Mrs. Manjulaben Sureshbhai Patel
  2. Mr. Kush Sureshbhai Patel
  3. Mr. Kashyap Sureshbhai Patel

Rudra Gas Enterprise Limited IPO - Issue Objectives

  1. To Meet Working Capital Requirements
  2. General Corporate Purposes

Rudra Gas Enterprise Limited IPO - FAQs

Ans. Rudra Gas Enterprise Limited IPO is a SME IPO. The issue is priced at ₹63 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Feb 8, 2024, and closes on Feb 12, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Rudra Gas Enterprise Limited IPO opens on Feb 8, 2024 and closes on Feb 12, 2024.

Ans. The size of Rudra Gas Enterprise Limited IPO is 2,248,000 shares(aggregating up to ₹14.16 Cr).

Ans. The IPO price band is set between ₹63 per equity share.

Ans. To apply for Rudra Gas Enterprise Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Rudra Gas Enterprise Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Rudra Gas Enterprise Limited IPO is Feb 13, 2024.

Ans. The Rudra Gas Enterprise Limited IPO will be listed on Feb 15, 2024.

Ans. Follow the steps to check the allotment status for Rudra Gas Enterprise Limited IPO here.