Rudra Gas Enterprise is engaged in various facets of the infrastructure sector. They are mainly engaged in gas distribution network projects, fiber cable networks, and renting of construction machinery and vehicles. They provide end-to-end solutions for the city gas distribution sector. Their expertise is in pipeline construction, civil works, and operation and maintenance, for pipeline networks in city gas distribution. Their services ensure the safe and efficient transportation of vital resources such as Compressed Natural Gas (“CNG”) and Piped Natural Gas (“PNG”). In the Fiber cable network sector, the company offers services of installations of optical Fiber cable and maintenance thereof. Their commitment to reliability and quality makes us a trusted partner in these vital sectors. Their main focus is on delivering projects promptly while upholding the highest standards of safety. They understand the importance of completing projects on schedule, meeting deadlines, and ensuring the well-being of their workforce, stakeholders, and the surrounding communities.
Their client base comprises established players in the city gas distribution industry and telecommunication industry, both in the public and private sectors. Their Company has grown significantly during the past, under the leadership and guidance of their Promoters, as they hold the technical experience in the gas pipeline infrastructure industry and are the guiding force behind the successful execution of their business strategies over the years.
Over the years, they have successfully executed more than 50 projects their major completed projects quantify to approximately ₹ 12,708 Lakhs. Their execution capabilities have grown significantly with time, both in terms of the size of projects that they bid for and execute, and the number of projects that they execute simultaneously.
Their Company has demonstrated a prominent presence in the execution of pipeline projects and has developed significant expertise and competencies in this field. Their Company aims to leverage its strength and continue expansion into the sector which will put the Company on to desired growth trajectory.
Objects of the Issue:
- To Meet Working Capital Requirements
- General Corporate Purposes
Rudra Gas Enterprise IPO Review
- Apply
Rudra Gas Enterprise IPO Date & Price Band Details
| IPO Open: | February 8, 2024 |
| IPO Close: | February 12, 2024 |
| IPO Size: | Approx ₹14.16 Crores, 2,248,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹63 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Rudra Gas Enterprise IPO Market Lot
The Rudra Gas Enterprise IPO minimum market lot is 2000 shares with a ₹126,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹126,000 |
| Retail Maximum | 1 | 2000 | ₹126,000 |
| S-HNI Minimum | 2 | 4000 | ₹252,000 |
Rudra Gas Enterprise IPO Dates
The Rudra Gas Enterprise IPO date is February 8 and the IPO close date is February 12. The IPO allotment date is February 13 and the IPO might list on February 15.
| IPO Open Date: | February 8, 2024 |
| IPO Close Date: | February 12, 2024 |
| Basis of Allotment: | February 13, 2024 |
| Refunds: | February 14, 2024 |
| Credit to Demat Account: | February 14, 2024 |
| IPO Listing Date: | February 15, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Rudra Gas Enterprise IPO Form
How to apply Rudra Gas Enterprise IPO? You can apply Rudra Gas Enterprise IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Rudra Gas Enterprise IPO in the Invest section. The other option you can apply Rudra Gas Enterprise IPO via IPO forms download via the BSE website. Check out the Rudra Gas Enterprise forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Rudra Gas Enterprise Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹28.17 | ₹26.35 | ₹1.27 |
| 2022 | ₹43.96 | ₹41.46 | ₹1.79 |
| 2023 | ₹49.57 | ₹44.83 | ₹3.52 |
| 2023 6M | ₹34.47 | ₹31.16 | ₹2.47 |
Rudra Gas Enterprise IPO Valuation – FY2023
Check Rudra Gas Enterprise IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.71 per Equity Share |
| Price/Earning P/E Ratio: | 9.39 |
| Return on Net Worth (RoNW): | 44.09% |
| Net Asset Value (NAV): | ₹15.21 per Equity Share |
Peer Group
- Likhitha Infrastructure Limited
Company Promoters
- Mrs. Manjulaben Sureshbhai Patel
- Mr. Kush Sureshbhai Patel
- Mr. Kashyap Sureshbhai Patel
Rudra Gas Enterprise IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Rudra Gas Enterprise IPO Allotment Status
Check Rudra Gas Enterprise IPO allotment status on Link Intime website URL. Click Here
Rudra Gas Enterprise IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Rudra Gas Enterprise Limited
B-702, The Capital Building,
Science City Road, Opp. Hetarth Party Plot,
Sola, Ahmedabad-380060
Phone: +91 98751 39472
Email: [email protected]
Website: https://www.rudragasenterprise.com/
