Rudra Gas Shines on Debut: Opens at 90% Premium on BSE SME

Rudra Gas Enterprise debuted on BSE SME with a 90% premium at ₹119.70, exceeding the ₹63 offer price, backed by a +57 GMP, reflecting high investor interest on listing day.
Rudra Gas Enterprise Lists at 90 Percent Premium

Rudra Gas Enterprise experienced a stellar launch on the BSE SME, with its shares opening at ₹119.70, a substantial 90% premium over the initial offer price of ₹63. This impressive debut was anticipated by a grey market premium (GMP) of +57, signaling strong investor interest.

The company’s public offering commenced on February 8 and concluded on February 12, with the shares priced at ₹63 each. The IPO attracted massive interest, boasting a subscription rate of 350.75 times by the third day, after recording 71.51 times on the second day and 18.87 times initially.


Rudra Gas Enterprise aimed to raise ₹14.16 crore through the issuance of 22,48,000 fresh equity shares, without any offer-for-sale portion. The capital raised is earmarked for enhancing general corporate purposes and bolstering working capital.

Beeline Capital Advisors Pvt Ltd served as the book running lead manager for the IPO, with Link Intime India Private Ltd acting as the registrar. Spread X Securities was designated as the market maker, ensuring liquidity for the shares post-listing.

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