The Rudra Gas date has been confirmed from February 8, 2024 and closes on February 12, 2024.
Rudra Gas Developers IPO is a fixed price issue of Rs 14.16 crores. The price is ₹63 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹252,000.
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Bidding Dates
Feb 8-12
Price Range
₹63 per share
Face Value
₹10 per share
GMP
₹57
Rudra Gas IPO GMP
The Rudra Gas IPO GMP is ₹57.
IPO Overview
Rudra Gas Enterprise IPO is a fixed-price offering of Rs 14.16 crores. The offering is wholly new, totaling 22.48 lakh shares. Rudra Gas Enterprise’s initial public offering (IPO) will begin on February 8, 2024 and end on February 12, 2024. The allotment for the Rudra Gas Enterprise IPO is expected to be completed on Tuesday, February 13, 2024. Rudra Gas Enterprise’s IPO will be listed on BSE SME, with a tentative listing date of Thursday, February 15, 2024.
Rudra Gas Enterprise’s IPO price is 63 per share. The minimum lot size for an application is 2000 shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum investment for HNI is 2 lots (4,000 shares) for ₹252,000.
Rudra Gas IPO Details
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹63 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,248,000 shares (aggregating up to ₹14.16 Cr) |
| Fresh Issue | 2,248,000 shares (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 |
| Market Maker portion | 116,000 shares |
Rudra Gas Limited Financial Information
| 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 |
| Revenue | 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 | ||||
Rudra Gas IPO Timeline
| IPO Open Date | Thursday, February 8, 2024 |
| IPO Close Date | Monday, February 12, 2024 |
| Basis of Allotment | Tuesday, February 13, 2024 |
| Initiation of Refunds | Wednesday, February 14, 2024 |
| Credit of Shares to Demat | Wednesday, February 14, 2024 |
| Listing Date | Thursday, February 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 12, 2024 |
Company Profile
Rudra Gas Enterprise Limited was established in 2015 and specialises in gas distribution network projects, fibre cable networks, construction equipment, and car rentals. The company’s services include pipeline building, civil works, and the operation and maintenance of pipeline networks for municipal gas distribution. The company also installs and maintains fibre optic lines. Customers include businesses in the city gas distribution and telecommunications industries, both public and commercial. As of October 31, 2023, the company’s payroll
included 512 permanent employees. 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.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | rudragas@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Rudra Gas Enterprise Limited |
| Phone number | +91 98751 39472 |
| Email ID | cs@rudragasenterprise.com |
| Website | rudragasenterprise.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
