Rudra Gas Enterprise IPO Details ( Rudra Gas Enterprise Limited IPO Review )
(8 Feb 2024 – 12 Feb 2024)
Rudra Gas Enterprise Limited, established in 2015, actively engages in various projects related to gas distribution networks, fiber cable networks, construction equipment, and vehicle rentals.
We specialize in pipeline construction, civil works, and the operation and maintenance of city gas distribution networks. Additionally, our services extend to the installation and upkeep of fiber optic cables.
Our company operates in three main areas:
- Gas Pipeline Projects: This involves laying pipelines for city gas distribution, constructing associated facilities like CNG stations, and handling tasks such as installation, testing, and commissioning of underground pipelines. We also offer comprehensive operation and maintenance services to city gas distribution companies (CGD).
- Fiber Optic Cable Projects: We develop specialized cables for efficient data transmission using light signals.
- Rental of Construction Machinery and Vehicles: We provide construction machinery and vehicle rentals to subcontractors for specific projects.
Our clientele comprises companies from the city gas distribution and telecommunications sectors, spanning both public and private domains.
As of October 31, 2023, our company had a dedicated team of 512 permanent employees on our payroll, ensuring the success and quality of our projects.
Rudra Gas Enterprise Limited IPO Competitive Strength
- Experienced Promoter and Management Team
- Robust infrastructure and effective project execution
- Establishing long-term client relationships and driving repeat business
- Strong Partnerships
- Expanding Operational Capabilities
- Compliance and Safety Culture
- Customer Focus
- Optimal Utilization of Resources
Rudra Gas Enterprise IPO Financials Performance ( Results )
Rudra Gas Enterprise Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,960.50 | 2,816.96 | 127.05 | 2.42 | 267.07 | 242.07 | 1,008.22 |
| 31-Mar-22 | 2,804.92 | 4,395.95 | 179.41 | 3.42 | 446.48 | 421.48 | 1,379.98 |
| 31-Mar-23 | 3,380.56 | 4,957.02 | 352.02 | 6.71 | 798.50 | 773.50 | 1,738.34 |
| 31-Oct-23 | 4,345.39 | 3,446.81 | 247.41 | 4.06 | 1,149.10 | 540.10 | 1,990.15 |
Objective of Rudra Gas Enterprise IPO Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
Rudra Gas Enterprise IPO Basic Details
| IPO Date | Feb 8, 2024 to Feb 12, 2024 |
| Listing Date | Friday, February 15, 2024 |
| Face Value | ₹10 per share |
| Price | ₹63 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,248,000 shares of ₹10 (aggregating up to ₹14.16 Cr) |
| Fresh Issue | 2,248,000 shares of ₹10 (aggregating up to ₹14.16 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,090,000 |
| Share holding post issue | 8,338,000 |
| Company Promoters | Mrs. Manjulaben Sureshbhai Patel, Mr. Kush Sureshbhai Patel and Mr. Kashyap Sureshbhai Patel |
Rudra Gas Enterprise IPO Reservation
| Market Maker Shares Offered | 5.16% of the Net Issue |
| Other Shares Offered | 47.42% of the Net Issue |
| Retail Shares Offered | 47.42% of the Net Issue |
Rudra Gas IPO Timetable
Rudra Gas IPO will open on February 8, 2024 and close on February 12, 2024. You can join Rudra Gas IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 8 February 2024 (Thursday) |
| Closing Date | 12 February 2024 (Monday) |
| Basis of Allotment | 13 February 2024 (Tuesday) |
| Initiation of Refunds | 14 February 2024 (Wednesday) |
| Credit of Shares to Demat | 14 February 2024 (Wednesday) |
| Listing Date | 15 February 2024 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 12 February 2024 |
Rudra Gas IPO Lot Size
For retail investors in Rudra Gas IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹126,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹126,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
| S-HNI (Min) | 2 | 4000 | ₹252,000 |
Rudra IPO Promoter Holding
The company’s promoters include Mrs. Manjulaben Sureshbhai Patel, Mr. Kush Sureshbhai Patel and Mr. Kashyap Sureshbhai Patel.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.03% |
Rudra Gas Enterprise Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 52.53 |
| Earning Per Share (EPS) | ₹5.09 per Equity Share |
| Net Asset Value (NAV) | ₹15.21 per Equity Share |
| P/E Ratio (P/E) (x) | 12.39 |
| Post P/E Ratio (P/E) (x) | 10.90 |
| Return on Net Worth (RoNW) (%) | 44.09 |
| Return on equity (ROE) (%) | 57 |
| Return on Capital Employed (ROCE) (%) | 25 |
| Debt/Equity Ratio | 2.18 |
| Price/Book Value Ratio | 4.14 |
Rudra Gas Enterprise Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Rudra Gas Enterprise Limited | Standalone | 63.00 | 10.00 | 6.71 | 9.39 | 44.09 | 15.21 |
| Peer Group | |||||||
| Likhitha Infrastructure Limited | Consolidated | 235.80 | 5.00 | 15.28 | 15.43 | 24.11 | 63.39 |
Rudra Gas Enterprise IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹40 | – | – |
| 8 February 2024 | ₹40 | – | – |
| 7 February 2024 | ₹40 | – | – |
Rudra Gas Enterprise IPO Detail Video:
link
Rudra Gas Enterprise IPO Subscription Status (Bidding Detail)
The Rudra Gas Enterprise IPO on February 12, 2024 at 7:30:00 PM was subscribed 350.75 times, with the retail category being subscribed 404.38 times, the other category being subscribed 286.62 times.
| Category | Subscription |
| Other | 286.62x |
| Retail | 404.38x |
| Total | 350.75x |
Rudra Gas Enterprise IPO Prospectus
| Rudra Gas Enterprise IPO DRHP | Download |
| Rudra Gas Enterprise IPO RHP | Download |
| Rudra Gas Enterprise IPO Anchor Investors Details PDF | Download |
Rudra Gas Enterprise IPO Rating
| Our Rating | 3.5/5.0 |
Rudra Gas Enterprise Company Contact Information
Rudra Gas Enterprise Limited
Registered Office: B-702, The Capital Building, Science City Road, Opp. Hetarth Party Plot, Sola, Ahmedabad-380060, Gujarat, India
Website: www.rudragasenterprise.com
E-Mail: cs@rudragasenterprise.com
Telephone No: +91 98751 39472
Company Secretary and Compliance Officer: Mr. Gauravkumar Pushkarrai Jani
Promoters of Our Company: Mr. Kush Sureshbhai Patel, Mr. Kashyap Sureshbhai Patel and Mrs. Manjulaben Sureshbhai Patel
Rudra Gas Enterprise IPO Registrar
Link Intime India Private Limited
SEBI Registration Number: INR000004058
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai, Maharashtra, India – 400083.
Tel. Number: + 91 810 811 4949
Email Id: rudragas@linkintime.co.in
Investors Grievance Id: rudragas@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
CIN: U67190MH1999PTC118368
Rudra Gas Enterprise IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: Shilp Corporate Park, B Block, 13th Floor, B-1311-1314, Near Rajpath Club, Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat- 380054, India.
Telephone Number: 079 49185784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
Rudra Gas Enterprise IPO FAQs
What is the lot size of Rudra Gas Enterprise IPO?
The total size of Rudra Gas Enterprise IPO is ₹14.16 crores and this is a complete fresh Issue.
When will Rudra Gas Enterprise IPO start?
Rudra Gas Enterprise IPO will open from 8 February 2024 and IPO will close on 12 February 2024.
What is the open date of Rudra Gas Enterprise IPO?
Rudra Gas Enterprise IPO will open date from 8 February 2024.
What is the last date ( close date ) of Rudra Gas Enterprise IPO?
Rudra Gas Enterprise IPO will close from 12 February 2024.
What is the price band of Rudra Gas Enterprise IPO?
Rudra Gas Enterprise IPO price band is ₹63.
What is the minimum amount required to apply for Rudra Gas Enterprise IPO?
The minimum investment for retailers to apply for Rudra Gas Enterprise IPO is ₹126,000 and the maximum investment is ₹126,000.
What is going on gray market premium of Rudra Gas Enterprise IPO?
View gray market premium of Rudra Gas Enterprise IPO by Clicking Here
How much is the GMP of Rudra Gas Enterprise IPO?
Watch Rudra Gas Enterprise IPO GMP Today: Click Here
What is the allotment date of Rudra Gas Enterprise IPO?
The allotment date of Rudra Gas Enterprise IPO is 13 February 2024.
How to check allotment status in Rudra Gas Enterprise IPO?
To check the allotment status of Rudra Gas Enterprise IPO, first of all go to the registrar website by clicking here, select your bad Rudra Gas Enterprise IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Rudra Gas Enterprise IPO?
The listing date of Rudra Gas Enterprise IPO is 15 February 2024.
How much will be the listing gain in Rudra Gas Enterprise IPO?
View listing gain of Rudra Gas Enterprise IPO by Clicking Here
How much time Rudra Gas Enterprise IPO is subscribed?
Total 350.75 times subscribed in Rudra Gas Enterprise IPO out of which 404.38 times subscription was done in retail quota, 286.62 times subscription in other quota.
How to apply for Rudra Gas Enterprise IPO from Upstox?
Click Here to see how to apply for Rudra Gas Enterprise IPO from Upstox. (step by step)
How to apply for Rudra Gas Enterprise PO from Zerodha?
Click Here to see how to apply for Rudra Gas Enterprise IPO from Zerodha. (step by step)
How to apply for Rudra Gas Enterprise IPO from Angle One?
Click Here to see how to apply for Rudra Gas Enterprise IPO from Angle One. (step by step)
