Last updated on February 15, 2024
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.
Promoters of Rudra Gas Enterprise – Mr. Kush Sureshbhai Patel, Mr. Kashyap Sureshbhai Patel, and Mrs. Manjulaben Sureshbhai Patel
Table of Contents
Rudra Gas IPO Details
| Rudra Gas IPO Dates | 8 – 12 Feb 2024 |
| Rudra Gas Issue Price | INR 63 per share |
| Fresh issue | 2,248,000 shares (INR 14.16 crore) |
| Offer For Sale | NIL |
| Total IPO size | 2,248,000 shares (INR 14.16 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 126,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Rudra Gas Enterprise Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 |
| Revenue | 28.09 | 43.84 | 49.42 | 34.36 |
| Expenses | 26.35 | 41.46 | 44.83 | 31.16 |
| Net income | 1.27 | 1.79 | 3.52 | 2.47 |
*All Standalone date
Rudra Gas Enterprise Offer News
- Rudra Gas Enterprise RHP
- Rudra Gas Enterprise Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Rudra Gas Enterprise Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.42 | 3.42 | 6.71 |
| PE ratio | – | – | 9.39 |
| RONW (%) | 47.57 | 40.18 | 44.09 |
| NAV | 5.09 | 8.50 | 15.21 |
| ROCE (%) | 20.48 | 21.60 | 25.26 |
| EBITDA (%) | 10.15 | 10.05 | 14.34 |
| Debt/Equity | 3.78 | 3.09 | 2.18 |
Rudra Gas IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 February 2024 | 45 | – | 65,000 |
| 13 February 2024 | 47 | – | 70,000 |
| 12 February 2024 | 45 | – | 60,000 |
| 10 February 2024 | 43 | – | 55,000 |
| 9 February 2024 | 38 | – | 52,500 |
| 8 February 2024 | 33 | – | 45,500 |
| 7 February 2024 | 30 | – | 38,200 |
| 6 February 2024 | 25 | – | 32,000 |
Rudra Gas IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 1,066,000 | 1,066,000 | 2,132,000 |
| 12 Feb 2024 | 297.23 | 404.38 | 350.80 |
| 9 Feb 2024 | 26.55 | 117.38 | 71.96 |
| 8 Feb 2024 | 6.08 | 31.66 | 18.87 |
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 Date | 8 February 2024 |
| IPO Closing Date | 12 February 2024 |
| Finalization of Basis of Allotment | 13 February 2024 |
| Initiation of refunds | 14 February 2024 |
| Transfer of shares to demat accounts | 14 February 2024 |
| IPO Listing Date | 15 February 2024 |
| Opening Price on BSE SME | INR 119.70 per share (up 90%) |
| Closing Price on BSE SME | INR 125.68 per share (up 99.49%) |
Rudra Gas Enterprise Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
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:Â [email protected]
Website:Â www.beelinemb.com
Rudra Gas Enterprise Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Rudra Gas Enterprise Offer Contact Details
RUDRA GAS ENTERPRISE LIMITED
B-702, The Capital Building, Science City Road,
Opp. Hetarth Party Plot, Sola, Ahmedabad-380060
Phone: +91 98751 39472
E-mail: [email protected]
Website: www.rudragasenterprise.com
IPO FAQs
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.
