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Rudra Gas Enterprise Limited IPO
Rudra Gas Ent. Ltd. is a young organization venturing into several business verticals that demand skilled engineering, technical and managerial skills along with a fine flair of marketing and liaison to deal with the cores of the business. Their strong foothold and primary area of work is with the City Gas Distribution, Telecom, Power Distribution, Enterprise Data Solution, Real Estate and Import & Export institutions. Rudra Gas Enterprise IPO is a fixed price issue of Rs 14.16 crores. The issue is entirely a fresh issue of 22.48 lakh shares.
Rudra Gas Enterprise IPO bidding started from February 8, 2024 and ended on February 12, 2024. Rudra Gas Enterprise IPO price is ₹63 per share. The minimum lot size for an application is 2000 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Rudra Gas Enterprise IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rudra Gas Enterprise IPO is Spread X Securities.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Rudra Gas Enterprise Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Rudra Gas Enterprise Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | February 15, 2024 |
| 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 Spread X Securities |
Rudra Gas Enterprise Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Rudra Gas Enterprise Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
| HNI (Min) | 2 | 4,000 | ₹252,000 |
Rudra Gas Enterprise Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.03% |
Competitive Strength:
- -
Rudra Gas Enterprise Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Oct 2023 | 4,345.39 | 3,446.81 | 247.41 | 1,149.10 | 1,990.15 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 3,380.56 | 4,957.02 | 352.02 | 798.50 | 1,738.34 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 2,804.92 | 4,395.95 | 179.41 | 446.48 | 1,379.98 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 1,960.50 | 2,816.96 | 127.05 | 267.07 | 1,008.22 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 57% |
| ROCE | 25% |
| Debt/Equity | 2.18 |
| RoNW | 44.09% |
| P/BV | 4.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.78 | 5.09 |
| P/E (x) | 10.9 | 12.39 |
Objectives of Rudra Gas Enterprise IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Working Capital Requirements
- 2. General Corporate Purposes
Rudra Gas Enterprise IPO Review
The company is in the infrastructure segment with a major focus on gas pipelines and fiber cable networks. It also does the renting of construction machinery and vehicles. It marked steady growth in its top and bottom lines for the reported periods. The company has orders on hand worth Rs. 250 cr. approx. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards.
RHP:
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Frequently asked Questions (FAQs )
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What Is The Size Of The Rudra Gas Enterprise Limited IPO?
Rudra Gas IPO consists of a fresh issue of 22, 48,000 lakh shares worth INR 1,416.24 lakhs. The company seeks funds for working capital and general corporate purposes.
-
What Is The Price Band Of The Rudra Gas Enterprise Limited IPO?
The company is going to issue shares at INR 63 per share.
-
What Is The Allotment Date Of The Rudra Gas Enterprise Limited IPO?
The allotment date of the Rudra Gas Enterprise Limited IPO is February 13, 2024.
-
What Is The Listing Date Of The Rudra Gas Enterprise Limited IPO?
The listing date of the Rudra Gas Enterprise Limited IPO is February 15, 2024.
