Rudra Gas Enterprise Limited IPO
- IPO Date08 Feb, 2024 to 12 Feb, 2024
- Listing Date15 Feb, 2024
- Face Value₹10 per share
- Issue Price₹63 to ₹63 per share
- Lot Size2000 Shares
- Minimum Investment₹1,26,000
- Listing AtBSE SME
- Total Issue Size22,48,000 Shares
(aggregating up to ₹14.16 Cr) - Fresh Issue22,48,000 Shares
(aggregating up to ₹14.16 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue60,90,000
- Shareholding post issue83,38,002
IPO Dates
Closing Date
12 Feb, 2024
Initiation of Refunds
14 Feb, 2024
Listing Date
15 Feb, 2024
08 Feb, 2024
Opening Date
13 Feb, 2024
Basis of Allotment
14 Feb, 2024
Credit of Shares
Rudra Gas Enterprise Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,26,000 |
| Retail (Max) | 1 | 2000 | ₹1,26,000 |
| HNI (Min) | 2 | 4000 | ₹2,52,000 |
Rudra Gas Enterprise Limited Promoter Holding
Mrs. Manjulaben Sureshbhai Patel, Mr. Kush Sureshbhai Patel and Mr. Kashyap Sureshbhai Patel are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | 73.03% |
Rudra Gas Enterprise Limited COMPANY INFORMATION
Rudra Gas Enterprise IPO is a fixed price issue of Rs 14.16 crores. The issue is entirely a fresh issue of 22.48 lakh shares. Rudra Gas Enterprise IPO bidding started from February 8, 2024 and ended on February 12, 2024. The allotment for Rudra Gas Enterprise IPO was finalized on Tuesday, February 13, 2024. The shares got listed on BSE SME on February 15, 2024. Rudra Gas Enterprise IPO price is ₹63 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹252,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Rudra Gas Enterprise IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rudra Gas Enterprise IPO is Spread X Securities. Refer to Rudra Gas Enterprise IPO RHP for detailed information.
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.
FAQs About Rudra Gas Enterprise Limited Ipo
Rudra Gas Enterprise Limited IPO will open on 08 Feb, 2024 and close on 12 Feb, 2024. Investors must apply within this period to participate.
The Rudra Gas Enterprise Limited IPO price band is set between ₹63.00 and ₹63.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹126000.00.
The Rudra Gas Enterprise Limited IPO shares are expected to be listed on 15 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Rudra Gas Enterprise Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rudra Gas Enterprise Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.