Rudra Gas Enterprise Limited IPO
BSE SMEListed On: Feb 15, 2024 at ₹ 119.7
₹ 252000 /4000 Shares
*Min Investment
08 Feb, 2024
Open Date12 Feb, 2024
Close Date13 Feb, 2024
Allotment Date15 Feb, 2024
Listing DateRudra Gas Enterprise Limited IPO Issue Details
- Issue Price ₹63 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 22,48,000 shares(aggregating up to ₹14.16 crore)
- Fresh Share 22,48,000 shares(aggregating up to ₹14.16 crore)
- Listing at BSE SME
- List Price 119.7
- Listing Date 2024-02-15
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,26,000 |
| Retail(max) | 1 | 2000 | ₹1,26,000 |
| NII (min) | 2 | 4,000 | ₹2,52,000 |
Rudra Gas Enterprise Limited IPO Reservation
Rudra Gas Enterprise Limited IPO offers total 2,248,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,066,000 (47.42%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 116,000 (5.16%) | |
| Retail Shares Offered | 1,066,000 (47.42%) | |
| Total Shares Offered | 2,248,000 (100%) |
Rudra Gas Enterprise Limited IPO Details
Rudra Gas Enterprise Limited IPO is an SME IPO, priced at ₹63 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 22,48,000 equity shares, aggregating up to ₹14.16 crores..
The IPO bidding window is open from Feb 8, 2024 to Feb 12, 2024. The allotment is expected to be finalized on Feb 13, 2024, and the tentative listing date is Feb 15, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,26,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,52,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
Rudra Gas Enterprise Limited IPO Subscription Analysis And 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
Rudra Gas Enterprise Limited Company Financials
| 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 |
| Net Worth | 798.50 | 446.48 | 267.07 |
| Reserves & Surplus | 773.50 | 421.48 | 242.07 |
| Total Borrowing | 1,738.34 | 1,379.98 | 1,008.22 |
About Rudra Gas Enterprise Limited Company
Rudra Gas Enterprise Limited was established in the year 2015 and is operational with projects in the field of gas distribution network, fiber cable networks, construction equipment, and vehicle rental.
The company offers services in pipeline construction, civil works, and operation and maintenance of pipeline networks in city gas distribution. The company also offers services for the installation of fiber optic cables and their maintenance.
The company has three business verticals:
Gas pipeline projects that comprise: installing city gas networks. Installing or establishing the pipeline related facilities CNG stations- setting up of any physical installation installation, testing and commissioning underground pipes' maintenance/Repairing installation construction, establishment with its apparatus installation and their various components required in completion of such kind of jobs at large by performing it on account of this given project as detailed by their nature, its specifiyaton. The company offers comprehensive operation and maintenance services to city gas distribution companies(CGD).
Fiber optic cable projects: This is developing special cables that are used to transmit data through light signals.
Rental of construction machinery and vehicles: It includes the renting of construction machinery and vehicles to subcontractors for specific projects.
Its customers include city gas distribution companies as well as telecom operators in both public and private sectors.
The company has 512 permanent employees on the payroll of the company as of October 31, 2023.
Rudra Gas Enterprise Limited - Promoter(s)
Mrs. Manjulaben Sureshbhai Patel
Mr. Kush Sureshbhai Patel
Mr. Kashyap Sureshbhai Patel
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 73.03%
Rudra Gas Enterprise Limited IPO - Issue Objectives
To Meet Working Capital Requirements
General Corporate Purposes
Rudra Gas Enterprise Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Rudra Gas Enterprise Limited | 6.71 | N/A | 15.21 | 9.39 | 44.09 | 4.14 | Standalone |
| Likhitha Infrastructure Limited | 15.28 | N/A | 63.39 | 15.43 | 24.11 | 3.72 | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the BSE on March 31, 2023 divided by the Basic EPS.
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital, reserves, and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details
Rudra Gas Enterprise Limited
B-702, The Capital Building, Science City Road, Opp. Hetarth Party Plot, Sola, Ahmedabad-380060
+91 98751 39472
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Rudra Gas Enterprise Limited IPO is 2,248,000 shares(aggregating up to ₹14.16 Cr).
Ans. The Rudra Gas Enterprise Limited IPO price band is set between ₹63 per equity share.
Ans. To apply for Rudra Gas Enterprise Limited 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 Rudra Gas Enterprise Limited IPO allotment status online.
