Rudra Gas Enterprise (BSE SME)
Feb 8, 2024 - Feb 12, 2024
| Price | ₹63 - ₹63 |
| Premium | ₹57 |
|---|---|
| Lot size | 2000 |
| Allotment | Feb 13, 2024 |
| Listing | Feb 15, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 126000 | 533 |
| HNI | 2 | 4000 | 252000 | 533 |
Last updated on 12 Feb 2024 | 05:58:11 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 1066000 | 316846000 | 297.23 |
| Retail | 1066000 | 431070000 | 404.38 |
| Total | 2132000 | 747916000 | 350.8 |
| Total Application : 253,183 | |||
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹25.14 | @8% ₹28.73 | @9% ₹32.32 | @10% ₹35.91 | @11% ₹39.5 | @12% ₹43.09 |
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.
Rudra Gas Enterprise IPO Details
| 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 |
Rudra Gas Enterprise IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Rudra Gas Enterprise IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
|---|---|---|---|
| ROE | 56.55% | 50.29% | 62.42% |
| ROCE | 25.26% | 21.60% | 20.48% |
| D/E Ratio | 2.18 | 3.09 | 3.78 |
| RONW | 44.09% | 40.18% | 47.57% |
| Basic EPS | 6.71 | 3.42 | 2.42 |
| Diluted EPS | 6.71 | 3.42 | 2.42 |
| P/BV | 4.14 |
Company Financials
Rudra Gas Enterprise Limited Financial Information (Restated Standalone)
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 | Oct 2023 | Mar 2023 | Mar 2022 | 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 | 247.41 | 352.02 | 179.41 | 127.05 |
| Net Worth | 1,149.10 | 798.50 | 446.48 | 267.07 |
| Reserves | 540.10 | 773.50 | 421.48 | 242.07 |
| Borrowing | 1,990.15 | 1,738.34 | 1,379.98 | 1,008.22 |
| Amount in ₹ Lakhs | ||||
Rudra Gas Enterprise IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
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