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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 ₹63.00 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). The minimum lot size investment for 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 RHP for detailed Information.
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | February 15, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,48,000 shares (aggregating up to ₹14.16 Cr) |
| Reserved for Market Maker | 1,16,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.7308 Cr) |
| Net Offered to Public | 21,32,000 shares (aggregating up to ₹13.43 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,90,000 shares |
| Share Holding Post Issue | 83,38,000 shares |
Rudra Gas Enterprise IPO offers total 22,48,000 shares. Out of which 10,66,000 (47.42%) allocated to NII, 10,66,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,16,000 (5.16%) |
| NII (HNI) Shares Offered | 10,66,000 (47.42%) |
| Retail Shares Offered | 10,66,000 (47.42%) |
| Total Shares Offered | 22,48,000 (100.00%) |
Rudra Gas Enterprise IPO opens on February 8, 2024, and closes on February 12, 2024.
| IPO Open Date | Thu, Feb 8, 2024 |
| IPO Close Date | Mon, Feb 12, 2024 |
| Tentative Allotment | Tue, Feb 13, 2024 |
| Initiation of Refunds | Wed, Feb 14, 2024 |
| Credit of Shares to Demat | Wed, Feb 14, 2024 |
| Tentative Listing Date | Thu, Feb 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 12, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,345.39 | 3,380.56 | 2,804.92 | 1,960.50 |
| Total Income | 3,446.81 | 4,957.02 | 4,395.95 | 2,816.96 |
| Profit After Tax | 247.41 | 352.02 | 179.41 | 127.05 |
| Net Worth | 1,149.10 | 798.50 | 446.48 | 267.07 |
| Reserves and Surplus | 540.10 | 773.50 | 421.48 | 242.07 |
| Total Borrowing | 1,990.15 | 1,738.34 | 1,379.98 | 1,008.22 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Rudra Gas Enterprise IPO is ₹52.53 Cr.
| KPI | Values |
|---|---|
| ROE | 57% |
| ROCE | 25% |
| Debt/Equity | 2.18 |
| RoNW | 44.09% |
| Price to Book Value | 4.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.78 | 5.09 |
| P/E (x) | 10.9 | 12.39 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is in infrastructure segment with major focus on gas pipelines and fiber cable network. It also does renting of constructions machinery and vehicles. It marked steady growth in its top and bottom lines for the reported periods. The company has orders on hand worth Rs. 250 cr. approx. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | February 15, 2024 |
| BSE Script Code | 544121 |
| NSE Symbol | |
| ISIN | INE0OYK01010 |
| Final Issue Price | ₹63 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹119.70 |
| Low | ₹119.70 |
| High | ₹125.68 |
| Last Trade | ₹125.68 |
Rudra Gas Enterprise Ltd.
B-702, The Capital Building,
Science City Road, Opp. Hetarth Party Plot,
Sola, Ahmedabad-380060
Ahmedabad, Gujarat
Phone: +91 98751 39472
Email: cs@rudragasenterprise.com
Website: https://www.rudragasenterprise.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rudragas@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Rudra Gas Enterprise IPO is a SME IPO of 22,48,000 equity shares of the face value of ₹10 aggregating up to ₹14.16 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on February 8, 2024, and closes on February 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 February 8, 2024 and closes on February 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 Wednesday, February 14, 2024. Check the Rudra Gas Enterprise IPO allotment status.
The Rudra Gas Enterprise IPO listing date is on Thursday, February 15, 2024.
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