Rudra Gas IPO consists of a fresh issue of 22,48,000 lakh shares worth INR 1,416.24 lakhs. The company seeks funds for working capital and general corporate purposes.
Rudra Gas Enterprise Ltd IPO – Important Details
| Rudra Gas Enterprise Limited IPO Date | February 8, 2024 to February 12, 2024 |
| Rudra Gas Enterprise Limited IPO Listing Date | February 15, 2024 |
| Rudra Gas Enterprise Limited IPO Price | INR 63 per share |
| Rudra Gas Enterprise Limited IPO Lot Size | 2000 Shares |
| Rudra Gas Enterprise Limited IPO Total Issue Size | Approx INR 1,416.24 lakhs |
| Rudra Gas Enterprise Limited IPO Basis of Allotment | February 13, 2024 |
| Rudra Gas Enterprise Limited IPO Initiation of Refunds | February 14, 2024 |
| Rudra Gas Enterprise Limited IPO Credit of Shares to Demat | February 14, 2024 |
| Rudra Gas Enterprise Limited IPO Issue Type | Fixed Price Issue |
| Rudra Gas Enterprise Limited IPO Listing At | NSE, SME |
Rudra Gas Enterprise Limited IPO – Company Profile
Rudra Gas Enterprise specializes in gas distribution, fiber cable networks, and construction machinery rentals. With a focus on safety and efficiency, they deliver end-to-end solutions and have experienced significant growth under skilled leadership.
They excel in gas pipeline, fiber cable projects, and construction machinery rentals. Leveraging expertise, they aim for sustained growth by expanding into new sectors, driving towards the desired trajectory.
They ensure year-round service consistency and prioritize quality. Focusing on expanding service offerings, they actively seek to complement client projects, demonstrating a commitment to continuous improvement and client satisfaction.
Rudra Gas IPO – Fundamental Analysis
Rudra Gas Enterprise Ltd showcases a promising trajectory with steady revenue increases, significant profit growth, and robust financial health ahead of its IPO, indicating a solid investment opportunity for growth-oriented investors within the energy sector.
Revenue Growth:
The company has shown consistent revenue growth from ₹2,809.27 lakhs in 2021 to ₹4,942.39 lakhs in 2023. This indicates a strong demand for its products or services and an expanding market presence.
Equity Expansion:
Equity has nearly tripled from ₹267.07 lakhs in 2021 to ₹798.50 lakhs in 2023, reflecting investor confidence and possibly effective capital management to support growth.
Profitability:
Profit after tax has almost tripled from ₹127.05 lakhs in 2021 to ₹352.02 lakhs in 2023, demonstrating the company’s increasing operational efficiency and profitability.
Return on Net Worth (RoNW):
RoNW remains impressive, showcasing a strong ability to generate profit from shareholders’ equity, with a slight fluctuation but an overall upward trend to 44.09% in 2023.
Diluted EPS:
The Diluted EPS has shown a significant increase, from ₹2.42 in 2021 to ₹6.71 in 2023, indicating the company’s growing earnings power per share.
Asset and Liability Management:
Total assets have grown, indicating expansion and investment in the business’s operational capacity. Liabilities have also increased but at a pace that suggests manageable debt levels in relation to its assets.
NAV:
The Net Asset Value per share has significantly increased, from ₹5.09 to ₹15.21, highlighting the growth in the intrinsic value of the company’s shares.
Rudra Gas Enterprise Ltd IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 2,809.27 | 4,383.66 | 4,942.39 |
| Equity (₹ in lakhs) | 267.07 | 446.48 | 798.50 |
| Expenses (₹ in lakhs) | 2,634.77 | 4,145.72 | 4,482.91 |
| Profit and Loss After Tax (₹ in lakhs) | 127.05 | 179.41 | 352.02 |
| RoNW (%) | 47.57 | 40.18 | 44.09 |
| Diluted EPS only (₹) | 2.42 | 3.42 | 6.71 |
| Total Assets (in lakhs) | 1,960.50 | 2,804.92 | 3,380.56 |
| Total Liabilities (in lakhs) | 1,693.43 | 2,358.44 | 2,582.07 |
| NAV (in INR) | 5.09 | 8.50 | 15.21 |
Rudra Gas IPO Peer Comparison
Rudra Gas Enterprise Limited stands out with a higher RoNW of 44.09% and a competitive EPS of ₹6.71 at a P/E ratio of 9.39, showcasing stronger profitability efficiency compared to Likhitha Infrastructure Limited despite a lower NAV per equity share.
| Company | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Rudra Gas Enterprise Limited | 10 | 9.39 | 6.71 | 44.09 | 15.21 |
| Likhitha Infrastructure Limited | 5 | 15.43 | 15.28 | 24.11 | 63.39 |
Rudra Gas IPO Objective
The main objective of Rudra Gas is to meet working capital requirements.
- To Meet Working Capital Requirements: The company will meet the requirement of INR 950 lakhs from the Net Proceeds of the Issue and balance from borrowings and internal accruals at an appropriate time as per the requirement. The company aims to provide end-to-end solutions for infrastructure needs.
- General Corporate Purposes: The company intends to deploy INR 324.68 lakh towards general corporate purposes to drive business growth, including land acquisition, hiring, alliances, growth funding, repayment, capex, working capital, strategic initiatives, and corporate needs.
Rudra Gas Enterprise Ltd IPO Risks And Challenges
Rudra Gas Enterprise’s risks include legal uncertainties, critical personnel reliance, and working capital challenges are risks. Loss may hinder operations, impacting business continuity and growth for Rudra Gas Enterprise.
- Legal uncertainties with pending proceedings across levels. Adverse decisions could impact finances. Risks include complaints, regulatory actions, and employee grievances, potentially leading to investigations or legal actions.
- The company heavily relies on promoters, executive directors, and key personnel for strategic direction and operations. Loss of their services may hinder operations, customer relations, and strategic implementation, impacting business continuity and growth.
- The company’s operations depend heavily on working capital for project financing and material procurement. Challenges include credit term changes and collateral requirements, necessitating proactive financial management and diverse financing options.
Rudra Gas Enterprise Limited IPO – Industry & Market Potential
Construction activity surged in FY23 due to increased central government and public sector enterprise capital budgets. States also perform well with larger capital budgets, supported by grants and interest-free loans from the center.
Private sector involvement across infrastructure segments is crucial for India’s growth to a $5 trillion economy—The expected yearly PE and VC investment will exceed $65 billion by 2025, reflecting significant growth potential.
India’s IT industry contributes 7.4% to GDP, aiming for 10% by 2025. FY22 revenue was $227 billion with 15.5% YoY growth, and service exports reached $254.4 billion.
Rudra Gas Enterprise IPO – Type of Offer
Rudra Gas Enterprise will have a fresh issue of 22,48,000 lakh shares. The company seeks funds for working capital and general purposes.
Rudra Gas Enterprise IPO Offer Size
The offer size of the Rudra Gas Enterprise is INR 1,416.24 lakhs. The company seeks funds for working capital and general purposes.
Rudra Gas Enterprise Limited IPO Allotment Structure
Rudra Gas Enterprise Limited’s IPO allotment structure includes a Retail Individual Investors (RII) category with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 1,16,000 shares for Market Makers. A portion of the issue is also set aside for the eligible employees.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 1,16,000 shares for this purpose.
- Eligible Employees: A portion of the issue is reserved for eligible employees.
How to apply for Rudra Gas Enterprise Limited IPO through Alice Blue?
To apply for the Rudra Gas Enterprise Limited IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the Rudra Gas Enterprise Limited IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for the Rudra Gas Enterprise Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to check Rudra Gas Enterprise Limited IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Rudra Gas Enterprise Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Rudra Gas Enterprise Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Rudra Gas Enterprise Limited IPO:
Registrar’s Website: Visit the website of Link In Time Private Limited, the registrar of the Rudra Gas Enterprise Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Rudra Gas Enterprise Limited IPO Offer Registrar
The registrar for the Rudra Gas Enterprise Limited IPO is Link In Time Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai,
Maharashtra, India – 400 083.
Tel. Number: + 91 810 811 4949
Email Id [email protected]
Website: www.linkintime.co.in
Rudra Gas Enterprise Limited IPO FAQs
1. What is the allotment date of the Rudra Gas Enterprise Limited IPO?
The allotment date of the Rudra Gas Enterprise Limited IPO is February 13, 2024.
2. What is the price band of the Rudra Gas Enterprise Limited IPO?
The company is going to issue shares at INR 63 per share.
3. What is the size of the Rudra Gas Enterprise Limited IPO?
Rudra Gas IPO consists of a fresh issue of 22,48,000 lakh shares worth INR 1,416.24 lakhs. The company seeks funds for working capital and general corporate purposes.
4. What is the listing date of the Rudra Gas Enterprise Limited IPO?
The listing date of the Rudra Gas Enterprise Limited IPO is February 15, 2024.
