Rudra Gas Enterprise Limited IPO Detail
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:
- Gas pipeline projects: These include the laying of pipelines for the distribution of city gas network and the construction of associated facilities such as CNG (compressed natural gas) stations, the construction, installation, testing, and commissioning of underground pipelines, maintenance, and repair facilities, the construction and installation of gas stations and their physical infrastructure such as pipelines, valves and stations required to carry out the works in accordance with the scope and specifications of the project. The company also provides comprehensive operation and maintenance services to city gas distribution companies(CGD).
- Fiber optic cable projects: This involves the development of special cables for the transmission of data using light signals.
- Rental of construction machinery and vehicles: This includes the rental of construction machinery and vehicles to subcontractors for specific projects.
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.
Company Promoters
Mrs. Manjulaben Sureshbhai Patel, Mr. Kush Sureshbhai Patel and Mr. Kashyap Sureshbhai PatelIPO Details
IPO Opening Date | Feb 08, 2024 |
IPO Closing Date | Feb 12, 2024 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹63 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | BSE SME |
Issue Size | ₹14.16 Cr |
Fresh Issue | ₹14.16 Cr |
Offer for Sale | - |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 6.05x | 31.66x | 18.87x | |
Day 2 | - | - | 6.05x | 31.66x | 18.87x | |
Day 3 | - | - | 286.62x | 404.38x | 350.75x |
IPO Tentative Timetable
The Rudra Gas Enterprise Limited IPO open date is Feb 08, 2024, and the close date is Feb 12, 2024. The issue may list on Feb 15, 2024.
IPO Open Date | Feb 08, 2024 |
IPO Close Date | Feb 12, 2024 |
Basis of Allotment Date | Feb 13, 2024 |
Initiation of Refunds | Feb 14, 2024 |
Credit of Shares to Demat Account | Feb 14, 2024 |
IPO Listing Date | Feb 15, 2024 |
IPO Lot Size
The Rudra Gas Enterprise Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹126000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹126000 |
Maximum | 1 | 2000 | ₹126000 |
IPO Promoter Holding
Pre Issue Share Holding | 99.99% |
Post Issue Share Holding | 73.03% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 1960.50 | 2816.96 | 127.05 |
31-Mar-22 | 2804.92 | 4395.95 | 179.41 |
31-Mar-23 | 3380.56 | 4957.02 | 352.02 |
31-Oct-23 | 4345.39 | 3446.81 | 247.41 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
Rudra Gas Enterprise Limited IPO Registrar:
Link Intime India Private Ltd
Rudra Gas Enterprise Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Rudra Gas Enterprise Limited
B-702, The Capital Building,
Science City Road, Opp. Hetarth Party Plot,
Sola, Ahmedabad-380060