Rudra Gas Enterprise IPO
The initial public offering (IPO) of Rudra Gas Enterprise will open for subscription on February 08 and close on February 12, comprising fresh issues of Rs. 14.16 Crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on February 15, 2024.
#1. Quick Intro to Rudra Gas Enterprise
Rudra Gas Enterprise Limited (2015) is mainly engaged in gas distribution network projects, fiber cable networks, and renting of construction machinery and vehicles, also provides end-to-end solutions for the city gas distribution sector.
*The company business verticles; Gas pipeline projects, Fiber cable projects, and renting and construction vehicles.
*The company’s expertise fields are pipeline construction, civil works, and operation and maintenance. for pipeline network.
*The company has completed more than 50 projects.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Rudra Gas Enterprise
The company intends to use the IPO Funds for the following purposes:
- General corporate purpose.
- To meet public issue expenses.
#3. Rudra Gas Enterprise Core Strengths
- Experienced promoter and management team.
- Robust infrastructure and effective project execution.
- Establishing long-term client relationships and driving repeat business.
- Strong partnerships.
- Expanding operational capabilities.
- Compliance and safety culture.
- Customer focus.
- Optimal utilization of resources.
#4. Rudra Gas Enterprise IPO Review & Rating
| Issue Size | Rs.14.16 Crore |
| Issue Price | Rs.63 per share |
| Minimum Lot Size | 2000 Shares |
| Total Profit (March 2023) | Rs.352.02 Lakh |
| ROE | 57% |
| ROCE | 25% |
| Listing on | BSE |
| IPO Deliver Rating | Two |
#5. Rudra Gas Enterprise IPO Dates, Price Band & Details
Rudra Gas Enterprise IPO will open on February 08, 2024, and close on February 12, 2024. The IPO is to be listed on February 15, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.14.16 Crore |
| Price Brand | Rs.63 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 08, 2024 |
| IPO Close Date | February 12, 2024 |
| IPO Allotment Date | February 13, 2024 |
| Refund Date | February 14, 2024 |
| Share Credit Date | February 14, 2024 |
| Listing Date | February 15, 2024 |
#6. Rudra Gas Enterprise IPO Offer Details
Rudra Gas Enterprise IPO’s total issue size is 2,248,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 2,248,000 | 14.16 |
| Offer for Sale (OFS) | – | – |
#7. Rudra Gas Enterprise Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 4,957.02 | 4,395.95 | 2,816.96 |
| Net Worth | 798.50 | 446.48 | 267.07 |
| Profit | 352.02 | 179.41 | 127.05 |
| Total Borrowings | 1,547.25 | 1,494.96 | 1,104.83 |
#8. Rudra Gas Enterprise Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 6.71 | 3.42 | 2.42 |
| RoNW (%) | 44.09 | 40.18 | 47.57 |
| NAV (Rs.) | 15.53 | – | – |
#9. Rudra Gas Enterprise Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| Likhitha Infrastructure | 36,495.50 | 24.11 | 63.39 |
| – | – | – | – |
#10. Rudra Gas Enterprise Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Kush Sureshbhai Patel |
| 02. | Kashyap Sureshbhai Patel |
| 03. | Manjulaben Sureshbhai Patel |
#11. Rudra Gas Enterprise Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 99.99 |
| Post-issue | 73.03 |
#12. Rudra Gas Enterprise IPO Reservation Details
Rudra Gas Enterprise IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Share Offered | 50% of the issue size |
| Other Shares Offered | 50% of the issue size |
#13. Rudra Gas Enterprise IPO – Lot Size
An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 2000 | 126,000 |
| Retail (Max.) | 1 | 2000 | 126,000 |
| HNI (Min.) | 2 | 4000 | 252,000 |
#14. Rudra Gas Enterprise IPO – Prospectus Copy
An investor can download/view the Rudra Gas Enterprise prospectus copy, which the company filed to exchange, details are as follows.
| Rudra Gas Enterprise IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Rudra Gas Enterprise IPO Lead Manager
Beeline Capital Advisors Private Limited
Phone No.: +91-079-49185784
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
#16. Rudra Gas Enterprise IPO Registrar
Link Intime India Private Limited
Phone No.: +91-8108114949
E-Mail: rudragas@linkintime.co.in
Website: www.linkintime.co.in
#17. Rudra Gas Enterprise IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Rudra Gas Enterprise IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Rudra Gas Enterprise Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Rudra Gas Enterprise Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Rudra Gas Enterprise Company Details
Rudra Gas Enterprise Limited
Registered Office: B-702, The Capital Building, Science City Road, Opp. Hetarth Party Plot, Sola, Ahmedabad-380060, Gujarat, India
Phone No: +91-9875139472
Email: cs@rudragasenterprise.com
Website: www.rudragasenterprise.com
Investor Grievances/Compliance Officer: Gaurav Kumar Pushkarrai Jain
#19. Rudra Gas Enterprise Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Rudra Gas Enterprise Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Kush Sureshbhai Patel |
| 02. | Kashyap Sureshbhai Patel |
Rudra Gas Enterprise IPO – Frequently Asked Questions (FAQs)
| #1. What is a Rudra Gas Enterprise IPO?
Rudra Gas Enterprise brings its IPO of Rs.14.16 Crore, on February 08, 2024, with a price band of Rs.63 per share. |
| #2. What is the Rudra Gas Enterprise IPO Open date?
Rudra Gas Enterprise IPO’s opening date is February 08, 2024. |
| #3. What is the Rudra Gas Enterprise IPO Close Date?
Rudra Gas Enterprise IPO’s closing date is February 12, 2024. |
| #4. What is the Rudra Gas Enterprise IPO Listing date?
Rudra Gas Enterprise’s IPO listing date is February 15, 2024. |
| #5. What is the Rudra Gas Enterprise IPO Minimum investment amount?
Rudra Gas Enterprise IPO’s minimum investment amount is Rs. 126,000. |
| #6. What is the Rudra Gas Enterprise IPO offer issue Size?
Rudra Gas Enterprise offers an issue size of Rs.14.16 Crore. |
| #7. What is the Rudra Gas Enterprise IPO Price Band?
Rudra Gas Enterprise’s IPO price band is Rs.63 per share. |
| #8. Is Rudra Gas Enterprise IPO mainboard IPO or SME IPO?
Rudra Gas Enterprise IPO is a SME IPO. |
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