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Open
8 Feb 2024
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Close
12 Feb 2024
3
Allotment
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Listing
Thu, Feb 15, 2024
Price Band
₹63 per share
Issue Size
22,48,000 shares (agg. up to ₹14 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Feb 15, 2024
Latest GMP
₹57
Est. Gain
90.48%
✦ AI Insight
GMP Trend
15-02-2024₹57Est. ₹120+90.48%
14-02-2024₹57Est. ₹120+90.48%
13-02-2024₹50Est. ₹113+79.37%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 346.78x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 43.45 | 33.81 | 28.05 | 19.61 |
| Total Income | 34.47 | 49.57 | 43.96 | 28.17 |
| Profit After Tax | 2.47 | 3.52 | 1.79 | 1.27 |
| NET Worth | 11.49 | 7.99 | 4.46 | 2.67 |
| Reserves and Surplus | 5.40 | 7.74 | 4.21 | 2.42 |
| Total Borrowing | 19.90 | 17.38 | 13.80 | 10.08 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Konstelec Engineers Ltd. | SME | ₹28.70 Cr | ₹70 | 9.9 | ₹220.50 | +215.00% | ₹67.85 (+4.95%) |
| Vishnusurya Projects & Infra Ltd. | SME | ₹49.98 Cr | ₹68 | 2.69 | ₹76.65 | +12.72% | ₹160.00 (+0.00%) |
| Chavda Infra Ltd. | SME | ₹43.26 Cr | ₹65 | 9.72 | ₹86.45 | +33.00% | ₹105.25 (+1.15%) |
| Vishnu Prakash R.Punglia Ltd. | Mainboard | ₹308.61 Cr | ₹99 | 13.61 | ₹145.70 | +47.17% | ₹25.83 (-1.75%) |
| Udayshivakumar Infra Ltd. | Mainboard | ₹66.00 Cr | ₹35 | 9.67 | ₹31.50 | -10.00% | ₹22.18 (+0.27%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 9.50 |
| 2 | General Corporate Purposes | 3.25 |
About Rudra Gas Enterprise IPO
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
Contact Details
Rudra Gas Enterprise Ltd. AddressB-702, The Capital BuildingScience City Road, Opp.Hetarth Party PlotSolaAhmedabad, Gujarat, 380060+91 98751 39472cs@rudragasenterprise.comVisit Website