06-Feb-2024
2 mins read
Rudra Gas Enterprise Limited IPO 2024 is open for subscription from Thursday, February 8, 2024 and will close on Monday, February 12, 2024. The price is decided at Rs 63 per share. The minimum lot size of this application for the retail category is 2000 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,26,000 (63 x 2000 shares). However for HNI category the minimum investment amount is required Rs 2,52,000 (63 x 4000 shares).
Rudra Gas Enterprise Limited IPO 2024 is a fixed price issue of Rs 14.16 crores. The issue is entirely a fresh issue of 22.48 lakh equity shares. The allotment for this IPO is expected to be finalized on Tuesday, February 13, 2024. Rudra Gas Enterprise Limited IPO will list on BSE SME and listing date fixed on Thursday, February 15, 2024. The book running lead manager of Rudra Gas Enterprise Limited IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is Link Intime India Private Limited. The market maker for the Rudra Gas Enterprise Limited IPO is Spread X Securities.
About Rudra Gas Enterprise Limited Profile
Rudra Gas Enterprise Limited is a young organization founded in 2015. It is engaged in the business of Gas distribution network projects, Fiber cable networks, construction equipment and vehicle rental. Company is venturing into several business verticals that demand skilled engineering, technical and managerial skills. The primary area of the business work was with city gas distribution, Telecom, power distribution, Enterprise Data Solutions, Real Estate and Import and Export institutions. Rudra Gas Enterprise provides services in the field of pipeline construction, civil works, operation and maintenance of the pipeline network in the city gas distribution. It also provides services for the installation of fiber optic cables and their maintenance.
The three business vertices are 1) The Gas Pipeline projects includes the laying of pipelines for the distribution of the city gas network and the construction of associated facilities such as CNG stations, the constructions, installation, testing and commissioning of underground pipelines and repair facilities etc. 2) The Fiber Optic cable projects: It involves the development of special cables for the transmission of data using light signals. 3) The rental of construction machinery and vehicles: This includes rental of construction machinery and vehicles to subcontractors for specific projects.
Objectives of the Issue
The visible objective of the issue is to raise funds from the public and gain the benefits of listing. The net proceeds from the issue will be utilized to meet the requirements of the working capital. Other than this, the general corporate purposes like capital expenditure, acquisitions are also fulfilled.
Financial Performance of Rudra Gas Enterprise Limited
Company’s revenue increased by 12.76% and profit after tax increased by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Oct-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 4,345.39 | 3,380.56 | 2,804.92 | 1,960.50 |
| Revenue | 3,446.81 | 4,957.02 | 4,395.95 | 2,816.96 |
| Profit After Tax | 247.41 | 352.02 | 179.41 | 127.05 |
| Net Worth | 1,149.10 | 798.5 | 446.48 | 267.07 |
| Reserves and Surplus | 540.1 | 773.5 | 421.48 | 242.07 |
| Total Borrowing | 1,990.15 | 1,738.34 | 1,379.98 | 1,008.22 |
| Amt in Rs. Lakhs |
Other Important Details of Rudra Gas Enterprise Limited IPO
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | 15-Feb-24 |
| Face Value | Rs 10 per share |
| Price | Rs 63 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,248,000 shares (amounting to Rs 14.16 Crore) |
| Fresh Issue | 2,248,000 shares (amounting to Rs 14.16 Crore) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 6,090,000 |
| Shareholding post issue | 8,338,000 |
| Market Maker portion | 116,000 shares |
| Spread X Securities |
Lot Size of Rudra Gas Enterprise Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | Rs 126,000 |
| Retail (Max) | 1 | 2000 | Rs 126,000 |
| HNI (Min) | 2 | 4,000 | Rs 252,000 |
IPO Reservation of Rudra Gas Enterprise Limited
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Promoters of Rudra Gas Enterprise Limited and Their Holdings
The Promoters of the company are Mrs. Manjulaben Sureshbhai Patel, Mr. Kush Sureshbhai Patel and Mr. Kashyap Sureshbhai Patel.
| Shareholding Pre Issue | 99.99% |
| Shareholding Post Issue | 73.03% |
Time-Table of Rudra Gas Enterprise Limited IPO 2024
| 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 |
Key Performance Indicator of Rudra Gas Enterprise Limited IPO 2024
The market capitalization of Rudra Gas Enterprise Limited is Rs 52.53 Crore.
| 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 |
Lead Manager(s) of Rudra Gas Enterprise Limited IPO 2024
The lead manager for Rudra Gas Enterprise Limited IPO is Beeline Capital Advisors Private Limited.
How to Apply for Rudra Gas Enterprise Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Rudra Gas Enterprise Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Rudra Gas Enterprise Limited IPO 2024
The registrar for Rudra Gas Enterprise Limited IPO is Link Intime India Private Limited. To check your allotment status, please click on this link below https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
- What is Rudra Gas Enterprise Limited IPO 2024?
Rudra Gas Enterprise Limited IPO 2024 is a fixed price issue of Rs 14.16 crores. The issue is entirely a fresh issue of 22.48 lakh equity shares. The price is decided at Rs 63 per share. The minimum lot size of this application for the retail category is 2000 shares. The minimum amount of investment required for retail category investors is Rs 1,26,000.
- Who are the lead managers for the Rudra Gas Enterprise Limited IPO 2024?
Beeline Capital Advisors Private Limited are appointed as the lead managers for the IPO.
- What is the role of Link Intime India Private Limited in this IPO?
Link Intime India Private Limited is the registrar for the Rudra Gas Enterprise Limited handling the IPO’s administrative aspects.
- How can I apply for the Rudra Gas Enterprise Limited IPO 2024?
The public subscription of this IPO will open on February 8, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from the issue will be utilized to meet the requirements of the working capital. Other than this, the general corporate purposes like capital expenditure, acquisitions are also fulfilled.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Rudra Gas Enterprise Limited IPO 2024 by visiting here https://linkintime.co.in/Initial_Offer/public-issues.html
- What is the financial performance of Rudra Gas Enterprise Limited?
Company’s revenue increased by 12.76% and profit after tax increased by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.