Rudra Gas Enterprise Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹57(90.48%)
Premium (ELP)
Following its successful public offering, Rudra Gas Enterprise Limited's made its market debut on Feb 15, 2024 and is now actively traded on the BSEplatform. The IPO mobilized 22,48,000 Shares in total capital, including 22,48,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹63 to ₹63 and minimum investment lots of 2000 shares. Investor participation during the subscription window from Feb 08, 2024 to Feb 12, 2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on Feb 13, 2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rudra Gas Enterprise Limited, founded in 2015, operates in gas distribution network projects, fiber cable networks, and construction equipment and vehicle rental. The company specializes in pipeline construction, civil works, and the operation and maintenance of city gas distribution networks, as well as the installation and maintenance of fiber optic cables. Rudra Gas Enterprise has three main business verticals: Gas Pipeline Projects – This includes laying pipelines for city gas distribution, building CNG stations, installing, testing, and commissioning underground pipelines, and maintaining gas infrastructure such as pipelines, valves, and stations. The company also offers operation and maintenance services for city gas distribution (CGD) companies. Fiber Optic Cable Projects – The company develops and installs fiber optic cables for data transmission using light signals. Construction Machinery & Vehicle Rental – It rents construction equipment and vehicles to subcontractors for project-specific needs. The company serves public and private sector clients in the city gas distribution and telecommunications industries. As of October 31, 2023, Rudra Gas Enterprise had 512 permanent employees, ensuring smooth execution of its projects.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mrs. Manjulaben Sureshbhai Patel
- Mr. Kush Sureshbhai Patel
- Mr. Kashyap Sureshbhai Patel
Rudra Gas Enterprise Limited
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