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SME IPO Status: Listed [8th Feb 2024 to 12th Feb 2024]
Rudra Gas Enterprise IPO, a SME IPO of ₹14.16 Cr was launced on 08-02-2024 to 12-02-2024 and the shares got listed on BSE SME on 15-02-2024.
The public issue of Rudra Gas Enterprise IPO (544121) was offered at ₹63.00 per share and the ipo was listed at ₹119.70. It has delivered listing gain of 90.00%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 113400 per lot return on listing.
| SME IPO Issue Opening Date: | 8th Feb 2024 |
| SME IPO Issue Closing Date: | 12th Feb 2024 |
| SME IPO Issue Price: | ₹63.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹14.16 Cr |
| Fresh Issue: | ₹14.16 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.99% |
| Promoter Holding Post IPO: | 73.03% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544121 |
Get important updates regarding Rudra Gas Enterprise SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 13th Feb 2024 |
| Refunds Initiation* | 14th Feb 2024 |
| Credit of Shares to Demat* | 14th Feb 2024 |
| SME IPO Listing Date* | 15th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹63.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹126000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 15-02-2024 | 63.00 | 57 | 86600 | ₹120 (90.48%) | 15-Feb-2024 9:26 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Rudra Gas Enterprise Limited is an infrastructure sector company founded in 2015. They specialize in various areas such as gas distribution network projects, fibre optic cable networks, construction equipment rental, and vehicle rental. The company offers end-to-end solutions for urban gas supply and has expertise in pipeline construction, civil works, and operation and maintenance of pipeline networks for urban gas supply. Their services ensure safe and efficient transportation of vital resources such as compressed natural gas (“CNG”) and piped natural gas (“PNG”).
In the fibre optic network area, the company provides services for the installation and maintenance of fiber optic cables with a focus on reliability and quality. They make sure to complete projects on time while maintaining the highest safety standards for their employees, stakeholders, and the surrounding communities. The company caters to established companies in both the public and private sectors within the municipal gas supply and telecommunications industries.
Rudra Gas Enterprise Limited has successfully implemented business strategies that have been instrumental to their growth in the industry. They have extensive technical expertise, industry knowledge, and valuable relationships that provide them with a competitive advantage to expand their geographic footprint and customer base while exploring new avenues for future growth. Their foresight and vision have helped them to identify and capitalize on opportunities, and they continue to benefit from their strong industry knowledge and customer relationships.
The company's revenue comes from three primary business areas:
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | GAS Distribution | ₹14.16 Cr | https://www.rudragasenterprise.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,066,000 (50%) | 1,066,000 (50%) | 2,132,000 | |
| 1 | 8th Feb 2024 19:04 | 6.05x | 31.66x | 18.87x |
| 2 | 9th Feb 2024 19:04 | 26.26x | 116.64x | 71.51x |
| 3 | 12th Feb 2024 19:04 | 286.62x | 404.38x | 350.75x |
Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,345.39 | 3,380.56 | 2,804.92 | 1,960.50 |
| Revenue | 3,446.81 | 4,957.02 | 4,395.95 | 2,816.96 |
| Profit After Tax | 247.41 | 352.02 | 179.41 | 127.05 |
| Net Worth | 1,149.10 | 798.50 | 446.48 | 267.07 |
| Reserves and Surplus | 540.10 | 773.50 | 421.48 | 242.07 |
| Total Borrowing | 1,990.15 | 1,738.34 | 1,379.98 | 1,008.22 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Rudra Gas Enterprise Limited | 6.71 | 15.21 | 9.39 | 44.09 | Standalone | |
| Likhitha Infrastructure Limited | 15.28 | 63.39 | 15.43 | 24.11 | Consolidated |
Last Updated on 19-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Rudra Gas Enterprise SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Rudra Gas Enterprise SME IPO with Zerodha.
Alternate approch to apply in Rudra Gas Enterprise SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Rudra Gas Enterprise SME IPO Review and Important Updates
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To subscribe or apply in Rudra Gas Enterprise SME IPO, you can use the following methods:
| Rudra Gas Enterprise SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Rudra Gas Enterprise SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Rudra Gas Enterprise SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Rudra Gas Enterprise SME IPO. Most of the Syndicate Banks provide access to apply in Rudra Gas Enterprise IPO via ASBA process. You must have your net banking access, DP ID information to apply in Rudra Gas Enterprise SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Rudra Gas Enterprise SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Rudra Gas Enterprise SME IPO Review and Important Updates
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Rudra Gas Enterprise SME IPO is going to be list on 15-02-2024. BSE Code for Rudra Gas Enterprise is 544121.
Other relevant questions:
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Rudra Gas Enterprise SME IPO Allotment Date is 13-02-2024.
Other relevant questions:
Rudra Gas Enterprise SME IPO share allotment date?Rudra Gas Enterprise SME IPO allotment date?
