Rudra Gas Enterprise IPO will open for subscription from 08 February 2024. The company aims for an issue size of ₹14.16 Cr through this IPO.
Company Overview
| Full name | Rudra Gas Enterprise Limited |
| Sector | Gas Transmission |
| Industry | Gas Transmission/marketing |
| Company Website | https://www.rudragasenterprise.com/ |
About Company
Rudra Gas Enterprise actively participates in multiple dimensions of the infrastructure sector. The company primarily focuses on projects related to gas distribution networks, fiber cable networks, and the rental of construction machinery and vehicles. Offering comprehensive solutions for the city gas distribution sector, Rudra Gas specializes in pipeline construction, civil works, and the operation and maintenance of pipeline networks in city gas distribution.
The company operates in three business verticals:
- Gas Pipeline Projects: Involves laying city gas distribution pipelines, constructing CNG stations, and providing operation and maintenance services for City Gas Distribution companies (CGD).
- Fiber Optic Cable Projects: Encompasses the creation of specialized cables designed for data transmission using light signals.
- Rental of Construction Machinery and Vehicles: Involves leasing construction machinery and vehicles to subcontractors for specific projects.
Over the years, Rudra Gas has effectively completed over 50 projects, with the total value of major completed projects amounting to approximately INR 127.08 crore. The company serves clients within the city gas distribution and telecommunications sectors, encompassing both public and private entities.
The Objectives of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
Rudra Gas Enterprise IPO Timetable
| IPO Opening date | 08 February 2024 |
| IPO Closing | 12 February 2024 |
| Basis of Allotment | 13 February 2024 |
| Initiation Refund | 14 February 2024 |
| Credit to Demat Account | 14 February 2024 |
| Listing Date | 15 February 2024 |
Rudra Gas Enterprise IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹14.16 Cr – 2,248,000 shares |
| Fresh Issue | ₹14.16 Cr – 2,248,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹63 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 116,000 shares |
| Shareholding pre-issue | 6,090,000 |
| Shareholding post-issue | 8,338,000 |
| Listing Exchange | BSE SME |
Rudra Gas Enterprise 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 |
Rudra Gas Enterprise IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| 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%) |
Rudra Gas Enterprise Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 | |
| Revenue | 28.09 | 43.84 | 49.42 | 34.36 |
| Expenses | 26.35 | 41.46 | 44.83 | 31.16 |
| Net income | 1.27 | 1.79 | 3.52 | 2.47 |
Rudra Gas Enterprise Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.42 | 3.42 | 6.71 |
| PE ratio | – | – | 9.39 |
| RONW (%) | 47.57 | 40.18 | 44.09 |
| NAV | 5.09 | 8.50 | 15.21 |
| ROCE (%) | 20.48 | 21.60 | 25.26 |
| EBITDA (%) | 10.15 | 10.05 | 14.34 |
| Debt/Equity | 3.78 | 3.09 | 2.18 |
Company Promoters
- Mrs. Manjulaben Sureshbhai Patel
- Mr. Kush Sureshbhai Patel
- Mr. Kashyap Sureshbhai Patel
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.03% |
Rudra Gas Enterprise IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Rudra Gas Enterprise Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: rudragas.ipo@linkintime.co.in
Website: www.linkintime.co.in
Rudra Gas Enterprise Contact Details
RUDRA GAS ENTERPRISE LIMITED
B-702, The Capital Building, Science City Road,
Opp. Hetarth Party Plot, Sola, Ahmedabad-380060
Phone: +91 98751 39472
E-mail: cs@rudragasenterprise.com
Website: www.rudragasenterprise.com
Rudra Gas Enterprise IPO Allotment Status
Rudra Gas IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Rudra Gas Enterprise IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
