Fixed Price IPO | ₹14 Cr | Listed at BSE SME | Thu, Feb 8, 2024 - Mon, Feb 12, 2024
Rudra Gas Enterprise IPO is a fixed price issue of ₹14.16 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹14.16 crore.
Rudra Gas Enterprise IPO bidding started from Feb 8, 2024 and ended on Feb 12, 2024. The allotment for Rudra Gas Enterprise IPO was finalized on Feb 13, 2024. The shares got listed on BSE SME on Feb 15, 2024.
Rudra Gas Enterprise IPO price is ₹63 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,52,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Rudra Gas Enterprise IPO DRHP for detailed Information.
IPO Open
Thu, Feb 8, 2024
IPO Close
Mon, Feb 12, 2024
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹52.53 Cr
| IPO Date | 8 to 12 Feb, 2024 |
| Listed on | Thu, Feb 15, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,48,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,16,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.7308 Cr) |
| Fresh Issue (Ex Market Maker) | 21,32,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 21,32,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 60,90,000 shares |
| Share Holding Post Issue | 83,38,000 shares |
| BSE Script Code | 544121 |
| ISIN | INE0OYK01010 |
Rudra Gas Enterprise IPO comprises a total issue size of 22,48,000 shares. The net offer to the public is 21,32,000 shares, after excluding 1,16,000 shares allotted on a firm basis. Of the Net offer 10,66,000 (50.00%) allocated to NII 10,66,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,66,000 | 50.00% | 47.42% |
| Retail Shares Offered | 10,66,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,16,000 | 5.16% | |
| Total Shares Offered | 22,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,26,000 |
| Retail (Max) | 1 | 2,000 | ₹1,26,000 |
| HNI (Min) | 2 | 4,000 | ₹2,52,000 |
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:
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.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 43.45 | 33.81 | 28.05 | 19.61 |
| Total Income | 34.47 | 49.57 | 43.96 | 28.17 |
| Profit After Tax | 2.47 | 3.52 | 1.79 | 1.27 |
| NET Worth | 11.49 | 7.99 | 4.46 | 2.67 |
| Reserves and Surplus | 5.40 | 7.74 | 4.21 | 2.42 |
| Total Borrowing | 19.90 | 17.38 | 13.80 | 10.08 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 9.50 |
| 2 | General Corporate Purposes | 3.25 |
| KPI | |
|---|---|
| ROE | 57% |
| ROCE | 25% |
| Debt/Equity | 2.18 |
| RoNW | 44.09% |
| PAT Margin | 7.12% |
| Price to Book Value | 4.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.78 | 5.09 |
| P/E (x) | 10.9 | 12.39 |
| Promoter Holding | 99.99% | 73.03% |
| Market Cap | ₹52.53 Cr. |
The Rudra Gas Enterprise IPO is subscribed 350.75 times on February 12, 2024 7:02:00 PM (Day 3). The public issue subscribed 404.38 times in the retail category, [.] times in the QIB category, and 286.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 286.62 | 10,66,000 | 30,55,32,000 |
| Retail | 404.38 | 10,66,000 | 43,10,70,000 |
| Total | 350.75 | 21,32,000 | 74,78,00,000 |
Total Application : 2,53,183
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.23 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.04 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 0.92 |
| 9 | Escrow Bank Fees | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹119.70 |
| Low | ₹119.70 |
| High | ₹125.68 |
| Last Trade | ₹125.68 |
Lead Manager Reports
Rudra Gas Enterprise IPO is a SME IPO of 22,48,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Feb 8, 2024, and closes on Mon, Feb 12, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rudra Gas Enterprise IPO using UPI as a payment gateway. Zerodha customers can apply in Rudra Gas Enterprise IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rudra Gas Enterprise IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rudra Gas Enterprise IPO opens on Thu, Feb 8, 2024 and closes on Mon, Feb 12, 2024.
Rudra Gas Enterprise IPO lot size is 2000, and the minimum amount required for application is ₹1,26,000.
You can apply in Rudra Gas Enterprise IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rudra Gas Enterprise IPO will be done on Tuesday, February 13, 2024, and the allotted shares will be credited to your demat account by Wed, Feb 14, 2024. Check the Rudra Gas Enterprise IPO allotment status.
The Rudra Gas Enterprise IPO listing date is on Thu, Feb 15, 2024.
