Rudra Gas Enterprise Limited IPO
Rudra Gas Enterprise Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹63 per share. The stock debuted at ₹119.7, delivering a listing gain of 90.0%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,26,000.
Rudra Gas Enterprise Limited IPO
- IPO Dates
- Feb 8, 2024 – Feb 12, 2024
- Price band
- ₹63 per equity share
- Minimum Investment
- ₹1,26,000
- Issue size
- ₹14.16 Cr
- Lot size
- 2000
- Allotment Date
- Feb 13, 2024
- Listing
- Feb 15, 2024
- Listing At
- BSE SME
IPO timeline
-
Feb 8, 2024
Open Date
Completed
-
Feb 12, 2024
Close Date
Completed
-
Feb 13, 2024
Allotment Date
Completed
-
Feb 15, 2024
Listing Date
Completed
Rudra Gas Enterprise Limited IPO Essentials
Rudra Gas Enterprise Limited IPO Details
Rudra Gas Enterprise Limited IPO is priced at ₹63 per share with a total issue size of 14.16 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹63 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,248,000 shares(aggregating up to ₹14.16 Cr)
- Total issue size
- 22,48,000 shares
(aggregating up to ₹14.16 crore) - Fresh issue
- 22,48,000 shares
(aggregating up to ₹14.16 crore) - Listing at
- BSE SME
- List price
- 119.7
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Beeline Capital Advisors Pvt 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 reservation details show category-wise allocation of shares. Out of the total 2,248,000 shares, approximately 47.42% for retail investors, 5.16% for market maker, and 0% for 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 Analytics
Rudra Gas Enterprise Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Rudra Gas Enterprise Limited IPO Subscription Status
Rudra Gas Enterprise Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹5.78/-
- EPS Post IPO
- ₹5.09/-
- P/E Pre IPO
- 10.9
- P/E Post IPO
- 12.39
Returns
- ROE
- 57%
- ROCE
- 25%
- RoNW
- 44.09%
Fundamentals
- Debt / Equity
- 2.18
- Price / Book
- 4.14
Rudra Gas Enterprise Limited Financials( In Lakhs)
| 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 |
Rudra Gas Enterprise Limited Company & Offer Insights
About Rudra Gas Enterprise Limited
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 are the company's promoters of Rudra Gas Enterprise Limited.
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 Information
Contact Details
Rudra Gas Enterprise Limited
+91 98751 39472
https://www.rudragasenterprise.com/
B-702, The Capital Building, Science City Road, Opp. Hetarth Party Plot, Sola, Ahmedabad-380060
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Rudra Gas Enterprise Limited IPO is a Fixed Priced IPO worth ₹14.16 crore. The issue price is ₹63 per share (fixed price). The IPO opens on Feb 8, 2024 and closes on Feb 12, 2024. It will be listed on BSE SME Platform. Link Intime India Private Ltd is the registrar.
The issue price of Rudra Gas Enterprise Limited IPO is ₹63 per share (fixed price).
The lot size of Rudra Gas Enterprise Limited IPO is 2000 shares.
The minimum investment for Rudra Gas Enterprise Limited IPO is approximately ₹1,26,000 based on the issue price .
Rudra Gas Enterprise Limited IPO opens on Feb 8, 2024 and closes on Feb 12, 2024.
The allotment date of Rudra Gas Enterprise Limited IPO is Feb 13, 2024.
Rudra Gas Enterprise Limited IPO is expected to be listed on Feb 15, 2024, on BSE SME Platform.
Rudra Gas Enterprise Limited IPO valuation snapshot: P/E 12.39, EPS ₹5.09/-, P/B 4.14, RoNW 44.09%, and market cap N/A.
To apply for Rudra Gas Enterprise Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Rudra Gas Enterprise Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Rudra Gas Enterprise Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Rudra Gas Enterprise Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rudra Gas Enterprise Limited IPO allotment status on IPO Ji for quick and easy access.