Rudra Gas IPO GMP, Review, Price, Allotment

Rudra Gas IPO GMP

Rudra Gas IPO description – Rudra Gas Enterprise actively participates in multiple dimensions of the infrastructure sector. The company primarily focuses on projects related to gas distribution networks, fiber cable networks, and the rental of construction machinery and vehicles. Offering comprehensive solutions for the city gas distribution sector, Rudra Gas specializes in pipeline construction, civil works, and the operation and maintenance of pipeline networks in city gas distribution.

The company operates in three business verticals:

  • Gas Pipeline Projects: Involves laying city gas distribution pipelines, constructing CNG stations, and providing operation and maintenance services for City Gas Distribution companies (CGD).
  • Fiber Optic Cable Projects: Encompasses the creation of specialized cables designed for data transmission using light signals.
  • Rental of Construction Machinery and Vehicles: Involves leasing construction machinery and vehicles to subcontractors for specific projects.

Over the years, Rudra Gas has effectively completed over 50 projects, with the total value of major completed projects amounting to approximately INR 127.08 crore. The company serves clients within the city gas distribution and telecommunications sectors, encompassing both public and private entities.

As of 31 October 2023, Rudra Gas employed 512 permanent staff members.

Rudra Gas Enterprise

Promoters of Rudra Gas Enterprise – Mr. Kush Sureshbhai Patel, Mr. Kashyap Sureshbhai Patel, and Mrs. Manjulaben Sureshbhai Patel

Rudra Gas IPO Details

Rudra Gas IPO Dates8 – 12 Feb 2024
Rudra Gas Issue PriceINR 63 per share
Fresh issue2,248,000 shares (INR 14.16 crore)
Offer For SaleNIL
Total IPO size2,248,000 shares (INR 14.16 crore)
Minimum bid (lot size)2,000 shares (INR 126,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Rudra Gas Enterprise Financial Performance

 FY 2021FY 2022FY 20237M FY 2024
Net income1.271.793.522.47
Figures in INR Crores unless specified otherwise
*All Standalone date

Rudra Gas Enterprise Offer News

Rudra Gas Enterprise Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.39
RONW (%)47.5740.1844.09
ROCE (%)20.4821.6025.26
EBITDA (%)10.1510.0514.34
Debt/Equity 3.783.092.18
*Compiled by IPO Central from Prospectus

Rudra Gas IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
14 February 20244565,000
13 February 20244770,000
12 February 20244560,000
10 February 20244355,000
9 February 20243852,500
8 February 20243345,500
7 February 20243038,200
6 February 20242532,000

Rudra Gas IPO Subscription – Live Updates

Shares Offered1,066,0001,066,0002,132,000
12 Feb 2024297.23404.38350.80
9 Feb 202426.55117.3871.96
8 Feb 20246.0831.6618.87

The market maker reservation portion of 1,16,000 shares is not included in the above calculations.

Rudra Gas IPO Allotment Status

Rudra Gas IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Rudra Gas IPO Dates & Listing Performance

IPO Opening Date8 February 2024
IPO Closing Date12 February 2024
Finalization of Basis of Allotment13 February 2024
Initiation of refunds14 February 2024
Transfer of shares to demat accounts14 February 2024
IPO Listing Date15 February 2024
Opening Price on BSE SMEINR 119.70 per share (up 90%)
Closing Price on BSE SMEINR 125.68 per share (up 99.49%)

Rudra Gas Enterprise Offer Lead Manager

Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email[email protected]

Rudra Gas Enterprise Offer Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]

Rudra Gas Enterprise Offer Contact Details

B-702, The Capital Building, Science City Road,
Opp. Hetarth Party Plot, Sola, Ahmedabad-380060
Phone: +91 98751 39472
E-mail: [email protected]


What is the Rudra Gas Enterprise offer size?

Rudra Gas Enterprise’s offer size is INR 14.16 crores.

What is the Rudra Gas Enterprise offer price band?

Rudra Gas Enterprise’s public offer price is INR 63 per share.

What is the lot size of the Rudra Gas IPO?

Rudra Gas Enterprise’s offer lot size is 2,000 shares.

What is Rudra Gas IPO GMP today?

Rudra Gas Enterprise IPO GMP today is INR 45 per share.

What is the Rudra Gas kostak rate today?

Rudra Gas Enterprise’s kostak rate today is NA per application.

What is Rudra Gas Enterprise Subject to Sauda rate today?

Rudra Gas Enterprise are Subject to the Sauda rate today is INR 65,000 per application.


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