Rudra Gas Enterprise Limited IPO
BSE SMEListed On: Feb 15, 2024 at ₹ 119.7
₹ 126000 /2000 Shares
Check AllotmentRudra Gas Enterprise Limited IPO Details
08 Feb, 2024
Open Date12 Feb, 2024
Close Date13 Feb, 2024
Allotment Date15 Feb, 2024
Listing DateIssue Price
₹63 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Link Intime India Private LtdList Price
119.7Listing Date
2024-02-15Market Lot
2000 Shares (₹126,000/-)Lead Manager
Beeline Capital Advisors Pvt LtdIssue Size
2,248,000 shares(aggregating up to ₹14.16 Cr)Retail Portion
50%Subscription
350.80 timesRudra Gas Enterprise Limited IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 1,066,000 | 1,066,000 | 2,132,000 |
Day 1 - 08-02-24 06:00 PM | 6.05 x | 31.66 x | 18.87 x |
Day 2 - 09-02-24 06:00 PM | 26.26 x | 116.64 x | 71.51 x |
Day 3 - 12-02-24 06:00 PM | 297.23 x | 404.38 x | 350.80 x |
Rudra Gas Enterprise Limited Valuations
EPS Pre IPO
₹5.78/-EPS Post IPO
₹5.09/-P/E Pre IPO
10.9P/E Post IPO
12.39RoNW
44.09%Rudra Gas Enterprise Limited Company Financials All values are in ₹ Lakh
31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
---|---|---|---|
Assets | 3,380.56 | 2,804.92 | 1,960.50 |
Revenue | 4,957.02 | 4,395.95 | 2,816.96 |
Profit After Tax | 352.02 | 179.41 | 127.05 |
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.
Rudra Gas Enterprise Limited - Promoter(s)
Pre Issue Share Holding: 99.99%
Post Issue Share Holding: 73.03%
Company Promoter(s)
- Mrs. Manjulaben Sureshbhai Patel
- Mr. Kush Sureshbhai Patel
- Mr. Kashyap Sureshbhai Patel
Rudra Gas Enterprise Limited IPO - Issue Objectives
- To Meet Working Capital Requirements
- 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.