Rudra Gas Enterprise is scheduled to hit the market on February 08, 2024 and close on February 12, 2024. Rudra Gas Enterprise plans to raise around ₹14.16 Cr through an IPO with a sale of up to 2,248,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Established in 2015, Rudra Gas Enterprise Limited is actively involved in projects related to gas distribution networks, fiber optic cable networks, construction equipment, and vehicle rentals. The company specializes in pipeline construction, civil works, and the operation and maintenance of pipeline networks for city gas distribution. They also provide services for the installation and upkeep of fiber optic cables. Rudra Gas Enterprise Limited operates through three main business segments: gas pipeline projects, fiber optic cable projects, and the rental of construction machinery and vehicles. They cater to clients in the city gas distribution and telecommunications sectors, serving both public and private entities.
As of October 31, 2023, Rudra Gas Enterprise Limited had 512 permanent employees on its payroll, contributing to the successful execution of various projects. The company's expertise lies in laying pipelines for city gas networks, constructing facilities such as CNG stations, and providing comprehensive operation and maintenance services to city gas distribution companies. Additionally, they focus on developing specialized fiber optic cables for efficient data transmission and offer construction machinery and vehicle rentals to subcontractors for specific projects. Rudra Gas Enterprise Limited plays a vital role in supporting the infrastructure needs of its clients in the gas distribution and telecommunications sectors.
Rudra Gas Enterprise IPO Details
Rudra Gas Enterprise IPO opens on Feb 08, 2024, and closes on Feb 12, 2024. The Listing date for Rudra Gas Enterprise IPO is on Feb 15, 2024. The price band for IPO is ₹63 per share and lot size of 2000 Shares.
IPO Date | Feb 08, 2024 to Feb 12, 2024 |
Listing Date | Feb 15, 2024 |
Price | ₹63 per share |
Lot Size | 2000 Shares |
Issue Size | ₹14.16 Cr |
Face Value | ₹10 per share |
Rudra Gas Enterprise IPO Tentative Timetable
Rudra Gas Enterprise opening date is February 08, 2024 and close date is February 12, 2024. The IPO allotment date is February 13, 2024. The refund initiation of IPO is on February 14, 2024. The credit of shares in demat account is on February 14, 2024. The listing date is on February 15, 2024.
Event | Date |
---|---|
IPO Opening | Feb 08, 2024 |
IPO Closing | Feb 12, 2024 |
IPO Allotment Date | Feb 13, 2024 |
Refund Initiation | Feb 14, 2024 |
Shares Credit to Demat | Feb 14, 2024 |
Lisiting Date | Feb 15, 2024 |
Rudra Gas Enterprise IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹126,000).
Category | Lots | Shares | Amount |
---|---|---|---|
Retail(Minimum) | 1 | 2000 | ₹126,000 |
Retail(Maximum) | 1 | 2000 | ₹126,000 |
HNI (Minimum) | 2 | 4000 | ₹252,000 |
Rudra Gas Enterprise IPO Promoter Holding
Pre Issue Share Holding | 99.99% |
Post Issue Share Holding | 73.03% |
Rudra Gas Enterprise IPO Review
Rudra Gas Enterprises Ltd. (RGEL) is gearing up to introduce its initial public offering (IPO) with a focus on infrastructure projects such as gas pipelines, fiber cable networks, and renting construction machinery and vehicles. The company's strong presence in the city gas distribution and telecommunication sectors, along with its commitment to safety and efficiency, positions it as a promising player in the industry. With a solid track record of successfully executing numerous projects and a substantial order book of Rs. 327.83 crore as of October 31, 2023, RGEL showcases stability and growth potential in the infrastructure domain.
Investors eyeing the RGEL IPO should take note of the company's financial performance, which has demonstrated consistent revenue and profit growth over the years. The company's revenue and net profit figures for the last three fiscal years, along with its healthy order book, reflect its operational strength and market position. While RGEL's diversified service offerings and established client base provide a competitive edge, potential investors should carefully assess the pricing of the IPO. At a fixed price of Rs. 63 per share and based on its post-IPO earnings projection for FY24, the issue appears to be valued at a premium, suggesting a cautious approach before making investment decisions.
In conclusion, RGEL's IPO presents an opportunity for investors seeking exposure to the infrastructure sector and looking for medium to long-term investment prospects. The company's focus on delivering end-to-end solutions in gas distribution and fiber cable networks, coupled with its history of project execution and order book visibility, bodes well for its future growth trajectory. While RGEL's financial performance indicates stability and potential for further expansion, investors are advised to conduct thorough due diligence and consider the pricing dynamics before participating in this IPO to make informed investment choices aligned with their financial goals.
Rudra Gas Enterprise IPO Subscription Status (Bidding Details)
Table not foundRudra Gas Enterprise IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Rudra Gas Enterprise IPO FAQs
What is Rudra Gas Enterprise IPO?
Rudra Gas Enterprise is issuing 2,248,000 equity shares with a face value of ₹10 each, totaling up to ₹14.16 Cr. The shares are being offered at a price of ₹63 each, with a minimum order quantity of 2000 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Rudra Gas Enterprise IPO will open?
Rudra Gas Enterprise will open on February 08, 2024 for QIB, NII, and Retail Investors.
When Rudra Gas Enterprise IPO will end?
Rudra Gas Enterprise will end on February 12, 2024.
What is Rudra Gas Enterprise IPO Size?
Rudra Gas Enterprise IPO size is ₹14.16 Cr.
What is Rudra Gas Enterprise IPO Price Band?
Rudra Gas Enterprise price band is ₹63 per share.
What is the Rudra Gas Enterprise IPO Allotment Date?
Rudra Gas Enterprise allotment date is February 13, 2024.
What is the Rudra Gas Enterprise IPO Listing Date?
Rudra Gas Enterprise listing date is February 15, 2024. The IPO is to be listed on BSE and NSE.
How to Rudra Gas Enterprise IPO through Zerodha?
To apply for the IPO “Rudra Gas Enterprise” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Rudra Gas Enterprise IPO through Upstox?
To apply for the IPO “Rudra Gas Enterprise” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Rudra Gas Enterprise IPO Allotment Status?
For Rudra Gas Enterprise IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Rudra Gas Enterprise IPO GMP?
You can check out here: Rudra Gas Enterprise IPO GMP