Rudra Gas Enterprise Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 8 to FEB 12, 2024
Price Band
₹63
Current GMP
₹119.7 (90%)
Subscription
350.75 times
IPO Details
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | Thursday, 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 |
IPO Date
February 8, 2024 to February 12, 2024
Listing Date
Thursday, 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
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 286.62 |
| Retail Investors | 404.38 |
| Total ** | 350.75 |
Market Maker
1
Non-Institutional Buyers*
286.62
Retail Investors
404.38
Total **
350.75
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Feb 8, 2024 | 6.05 | 31.66 | 18.87 |
| Day 2 Feb 9, 2024 | 26.26 | 116.64 | 71.51 |
| Day 3 Feb 12, 2024 | 286.62 | 404.38 | 350.75 |
DayDay 1
Feb 8, 2024
NII*6.05
Retail31.66
Total18.87
DayDay 2
Feb 9, 2024
NII*26.26
Retail116.64
Total71.51
DayDay 3
Feb 12, 2024
NII*286.62
Retail404.38
Total350.75
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 15-02-2024 | 63.00 | 57 (90.48%) | 120 |
| 14-02-2024 | 63.00 | 57 (90.48%) | 120 |
| 13-02-2024 | 63.00 | 50 (79.37%) | 113 |
| 12-02-2024 | 63.00 | 50 (79.37%) | 113 |
| 11-02-2024 | 63.00 | 43 (68.25%) | 106 |
| 10-02-2024 | 63.00 | 43 (68.25%) | 106 |
| 09-02-2024 | 63.00 | 43 (68.25%) | 106 |
| 08-02-2024 | 63.00 | 40 (63.49%) | 103 |
| 07-02-2024 | 63.00 | 35 (55.56%) | 98 |
| 06-02-2024 | 63.00 | 30 (47.62%) | 93 |
| 05-02-2024 | 63.00 | 20 (31.75%) | 83 |
Date15-02-2024
Price63.00
GMP57 (90.48%)
Estimate List Price120
Date14-02-2024
Price63.00
GMP57 (90.48%)
Estimate List Price120
Date13-02-2024
Price63.00
GMP50 (79.37%)
Estimate List Price113
Date12-02-2024
Price63.00
GMP50 (79.37%)
Estimate List Price113
Date11-02-2024
Price63.00
GMP43 (68.25%)
Estimate List Price106
Date10-02-2024
Price63.00
GMP43 (68.25%)
Estimate List Price106
Date09-02-2024
Price63.00
GMP43 (68.25%)
Estimate List Price106
Date08-02-2024
Price63.00
GMP40 (63.49%)
Estimate List Price103
Date07-02-2024
Price63.00
GMP35 (55.56%)
Estimate List Price98
Date06-02-2024
Price63.00
GMP30 (47.62%)
Estimate List Price93
Date05-02-2024
Price63.00
GMP20 (31.75%)
Estimate List Price83
IPO Important Dates
| 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 |
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
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 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹126,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹126,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹252,000
Financial Information
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,345.39 | 3,380.56 | 2,804.92 |
| Revenue | 3,446.81 | 4,957.02 | 4,395.95 |
| Profit After Tax | 247.41 | 352.02 | 179.41 |
| Net Worth | 1,149.10 | 798.50 | 446.48 |
| Reserves and Surplus | 540.10 | 773.50 | 421.48 |
| Total Borrowing | 1,990.15 | 1,738.34 | 1,379.98 |
Period EndedPeriod Ended
31 Oct 202331 Oct 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Oct 20234,345.39
31 Mar 20233,380.56
31 Mar 20222,804.92
Period EndedRevenue
31 Oct 20233,446.81
31 Mar 20234,957.02
31 Mar 20224,395.95
Period EndedProfit After Tax
31 Oct 2023247.41
31 Mar 2023352.02
31 Mar 2022179.41
Period EndedNet Worth
31 Oct 20231,149.10
31 Mar 2023798.50
31 Mar 2022446.48
Period EndedReserves and Surplus
31 Oct 2023540.10
31 Mar 2023773.50
31 Mar 2022421.48
Period EndedTotal Borrowing
31 Oct 20231,990.15
31 Mar 20231,738.34
31 Mar 20221,379.98
Key Performance Indicator
| ROE | 57% |
| ROCE | 25% |
| Debt/Equity | 2.18 |
| RoNW | 44.09% |
| P/BV | 4.14 |
| EPS (Rs) | 5.78 |
ROE
57%
ROCE
25%
Debt/Equity
2.18
RoNW
44.09%
P/BV
4.14
EPS (Rs)
5.78
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 116,000 (5.16%) |
| Other Shares Offered | 1,066,000 (47.42%) |
| Retail Shares Offered | 1,066,000 (47.42%) |
| Total Shares Offered | 2,248,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
116,000 (5.16%)
Other Shares Offered
1,066,000 (47.42%)
Retail Shares Offered
1,066,000 (47.42%)
Total Shares Offered
2,248,000 (100%)
Information about company
Rudra Gas Enterprise Limited was founded in 2015 and is active in gas distribution network projects, fiber cable networks, construction equipment, and vehicle rental.
The company provides services in the fields of pipeline construction, civil works, and operation and maintenance of pipeline networks in city gas distribution. The company also provides services for the installation of fiber optic cables and their maintenance.
The company has three business verticals:
Gas pipeline projects: These include the laying of pipelines for the distribution of city gas network and the construction of associated facilities such as CNG (compressed natural gas) stations, the construction, installation, testing, and commissioning of underground pipelines, maintenance, and repair facilities, the construction and installation of gas stations and their physical infrastructure such as pipelines, valves and stations required to carry out the works in accordance with the scope and specifications of the project. The company also provides comprehensive operation and maintenance services to city gas distribution companies(CGD).
Fiber optic cable projects: This involves the development of special cables for the transmission of data using light signals.
Rental of construction machinery and vehicles: This includes the rental of construction machinery and vehicles to subcontractors for specific projects.
The company's customers include companies in the city gas distribution and telecommunications sectors, both in the public and private sectors.
As of October 31, 2023, the company had 512 permanent employees on the payroll of the company.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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