The Rudra Gas IPO date has been confirmed from February 8, 2024, and closes on February 12, 2024. Read the post to learn about Rudra Gas IPO GMP.
Rudra Gas Developers IPO has a fixed price of Rs 14.16 crores. The price is ₹63 per share. The application requires a minimum lot size of 2000 shares. Retail investors can make a minimum investment of ₹126,000. HNIs can invest a minimum of ₹252,000 in two lots (4,000 shares).
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Key Details Of Rudra Gas IPO:
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 Today is ₹57.
Rudra Gas IPO Overview
Rudra Gas Enterprise IPO is a fixed-price offering of Rs 14.16 crore. The issue is entirely fresh, totalling 22.48 lakh shares. Rudra Gas Enterprise’s initial public offering (IPO) will commence on February 8, 2024 and conclude on February 12, 2024. The Rudra Gas Enterprise IPO allocation is anticipated to be completed on Tuesday, February 13, 2024. Rudra Gas Enterprise’s initial public offering (IPO) will be placed on BSE SME, with a tentative 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. Retail investors can invest as little as ₹126,000. HNIs can invest a minimum of ₹252,000 in two lots (4,000 shares).
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 founded in 2015, and it focuses in gas distribution network projects, fiber cable networks, construction equipment, and automobile rentals. The company’s services include pipeline construction, civil works, and the management and maintenance of pipeline networks for municipal gas distribution. The firm also builds and maintains fiber-optic cables. Customers include city gas distribution and telecommunications companies, both public and private. As of October 31, 2023, the firm employed 512 permanent employees. The company has three business verticals.
- Gas pipeline projects: These include the laying of pipelines for the distribution of the city gas network and the construction of associated facilities such as CNG (compressed natural gas) stations, The construction, installation, testing, and commissioning of underground pipes, maintenance and repair facilities, the building and installation of gas stations and their physical infrastructure such as pipelines, valves, and stations necessary to carry out the operations in The company also provides comprehensive administration and maintenance services to municipal gas distribution companies (CGDs).
- Fiber optic cable projects: This involves the creation of special cables for data transfer using light signals.
- Rental of construction machinery and vehicles: This includes renting construction machinery and cars to subcontractors on specific projects.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Rudra Gas Enterprise Limited |
| Phone number | +91 98751 39472 |
| Email ID | [email protected] |
| Website | rudragasenterprise.com |
IPO Strengths
- 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.
Rudra Gas IPO FAQs
When Rudra Gas Enterprise IPO will open?
The Rudra Gas Enterprise IPO opens on February 8, 2024 and closes on February 12, 2024.
What is the lot size of Rudra Gas Enterprise IPO?
Rudra Gas Enterprise IPO lot size is 2000 Shares, and the minimum amount required is ₹126,000.
When is Rudra Gas Enterprise IPO allotment?
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.
When is Rudra Gas Enterprise IPO listing date?
The Rudra Gas Enterprise IPO listing date is not yet announced. The tentative date of Rudra Gas Enterprise IPO listing is Thursday, February 15, 2024.
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