Rudra Gas Enterprise Limited 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.
Rudra Gas Enterprise IPO – Details
| IPO Opening Date | 08 February 2024 |
| IPO Closing Date | 12 February 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 22,48,000 Shares Worth ₹14.16 Crore Fresh Issue: 22,48,000 Shares Worth ₹14.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹63 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Rudra Gas Enterprise IPO – Date Schedule
| IPO Open Date | 08 February 2024 |
| IPO Close Date | 12 February 2024 |
| Basis of Allotment | 13 February 2024 |
| Initiation of Refund | 14 February 2024 |
| Credit of Shares to Demat Account | 14 February 2024 |
| IPO Listing Date | 15 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 12 February 2024 |
Rudra Gas Enterprise IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,26,000 |
| Retail (Maximum) | 1 | 2000 | 1,26,000 |
| HNI (Minimum) | 2 | 4000 | 2,52,000 |
Competitive Strengths
- Experienced Promoter and Management Team.
- Robust infrastructure and effective project execution.
- Establishing long-term client relationships and driving repeat business.
- Strong Partnerships.
- Expanding Operational Capabilities.
- Compliance and Safety Culture.
- Customer Focus.
- Optimal Utilization of Resources.
Company Promoters
- Mrs. Manjulaben Sureshbhai Patel
- Mr. Kush Sureshbhai Patel
- Mr. Kashyap Sureshbhai Patel
Object Of The Issue
- To Meet Working Capital Requirements.
- General Corporate Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 28.16 | 26.34 | 1.27 | 10.08 |
| 31 March 2022 | 43.95 | 41.45 | 1.79 | 13.79 |
| 31 March 2023 | 49.57 | 44.82 | 3.52 | 17.38 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 57% |
| ROCE | 25% |
| Debt/Equity | 2.18 |
| RoNW | 44.09% |
| P/BV | 4.14 |
Rudra Gas Enterprise IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.03% |
Rudra Gas Enterprise IPO Prospectus
Company Contact Information
| Rudra Gas Enterprise Limited B-702, The Capital Building, Science City Road, Opp. Hetarth Party Plot, Sola, Ahmedabad-380060 Phone: +91 98751 39472 Email: cs@rudragasenterprise.com Website: https://www.rudragasenterprise.com/ |
Rudra Gas Enterprise IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: rudragas@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Rudra Gas Enterprise IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Rudra Gas Enterprise IPO FAQs
| What is Rudra Gas Enterprise IPO? Rudra Gas Enterprise IPO is a SME IPO. The issue is priced at ₹63 per equity share. The IPO is to be listed on BSE SME. |
| When Rudra Gas Enterprise IPO will open? The IPO is to open on 08 February 2024 for NII – 50% and Retail – 50% Investors. |
| How to Rudra Gas Enterprise IPO? You can apply Rudra Gas Enterprise IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rudra Gas Enterprise IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rudra Gas Enterprise”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rudra Gas Enterprise IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rudra Gas Enterprise”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Rudra Gas Enterprise IPO Size? Rudra Gas Enterprise IPO size is ₹14.16 crores. |
| What is Rudra Gas Enterprise IPO Price Band? Rudra Gas Enterprise IPO Price Band is ₹63. |
| What is Rudra Gas Enterprise IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 2000 Shares with ₹1,26,000 amount while the maximum bid is 2000 shares with ₹1,26,000. |
| What is the Rudra Gas Enterprise IPO Allotment Date? Rudra Gas Enterprise IPO allotment date is 13 February 2024. |
