IPO Details
Bidding Dates
08 Feb '24 - 12 Feb '24
Minimum Investment
₹126,000 / 1 Lot ( 2000 Shares )
Price Range
₹63
Maximum Investment
₹126,000 / 1 Lot ( 2000 Shares )
Retail Discount
N/A
Issue Size
₹14.16 Cr
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Feb 8, 2024
IPO Close Date
Feb 12, 2024
Basis of Allotment
Feb 13, 2024
Initiation of Refunds
Feb 14, 2024
Credit of Shares to Demat
Feb 14, 2024
IPO Listing Date
Feb 15, 2024
UPI mandate confirmation
Feb 12, 2024
About Rudra Gas Enterprise Limited
Incorporated in 2015, Rudra Gas Enterprise Limited is primarily engaged in gas distribution network projects, fibre cable networks, and renting of construction machinery and vehicles. The company has successfully executed over 50 projects over the past years. The company’s major completed projects quantify to ~₹2,268 lakh.
As of March 2023, the company derived ~90.05% of its revenue from the gas pipeline projects, followed by ~7.53% from fiber cable projects and ~2.42% from renting of construction machinery and vehicles.
The government is focused on the development of the sector through construction projects like the Smart Cities Mission (SCM). The Finance Ministry has announced a commitment of ₹79,000 crore (US$ 9.64 billion) in the Union Budget 2023-24 for PM Awas Yojana, reflecting a 66% increase against the last year.
Rudra Gas Enterprise Limited IPO Details
Rudra Gas Enterprise Limited IPO Date
Rudra Gas Enterprise Limited IPO is a 100% fresh issue of 22,48,000 new equity shares. Rudra Gas Enterprise Limited’s IPO will be listed on the BSE SME. It is a book-built issue IPO.
Rudra Gas Enterprise Limited IPO Price Band
The price of the IPO has been fixed at ₹63 per share.
Rudra Gas Enterprise Limited IPO Lot Size
The lot size of the IPO has been fixed at 2,000 shares.
Rudra Gas Enterprise Limited IPO Objectives
The objectives of Rudra Gas Enterprise Limited IPO are listed below
- Working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, Likhitha Infrastructure Limited is the only listed peer of the company.
How To Check the Allotment Status of the Rudra Gas Enterprise Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Rudra Gas Enterprise Limited
Registered office: B-702, The Capital Building, Science City Road, Opp.
Hetarth Party Plot, Sola, Ahmedabad-380060, Gujarat, India
Phone: +91 98751 39472
E-mail:cs@rudragasenterprise.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Total InYear ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 4,957.02 | 4,395.95 | 2,816.96 |
| Profit After Tax (PAT) | 352.02 | 179.41 | 127.05 |
| Assets | 3,380.57 | 2,804.92 | 1,960.50 |
| Net Worth | 798.50 | 446.48 | 267.07 |
| Total Borrowings | 1738.34 | 1379.98 | 1008.22 |
Know before investing
Strengths
2-
The company has a robust infrastructure and effective project execution. The success in the gas pipeline business depends on owning and maintaining a large fleet of equipment. It allows the company to meet diverse customer requirements and mobilise the necessary equipment at the project site.
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The company has developed a solid reputation in the industry, earning repeat orders from several prominent clients, even in the face of increased competition. These clients include major gas companies throughout the country, with whom we have developed a long-term partnership.
Risks
2-
The company is facing outstanding legal proceedings. Any adverse decision in those proceedings may have a material adverse effect on its business, results of operations and financial condition.
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The company is dependent on a few suppliers for the purchase of products. Any loss in large suppliers may adversely affect its business operations.
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Choose IPO section on Home Page
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Rudra Gas Enterprise Limited IPO FAQs
Rudra Gas Enterprise Limited IPO is a 100% fresh issue of 22,47,000 new shares.
The Basis of Allotment has not been decided yet.
The IPO subscription window has not been decided yet.
The lot size of the IPO has not been fixed yet.
Rudra Gas Enterprise Limited IPO will be listed on BSE SME.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
