Incorporated in 2015, Rudra Gas Enterprise Limited is primarily engaged in gas distribution network projects, fibre cable networks, and renting of construction machinery and vehicles. The company has successfully executed over 50 projects over the past years. The company’s major completed projects quantify to ~₹2,268 lakh.
As of March 2023, the company derived ~90.05% of its revenue from the gas pipeline projects, followed by ~7.53% from fiber cable projects and ~2.42% from renting of construction machinery and vehicles.
The government is focused on the development of the sector through construction projects like the Smart Cities Mission (SCM). The Finance Ministry has announced a commitment of ₹79,000 crore (US$ 9.64 billion) in the Union Budget 2023-24 for PM Awas Yojana, reflecting a 66% increase against the last year.
Rudra Gas Enterprise Limited IPO Details
Rudra Gas Enterprise Limited IPO Date
Rudra Gas Enterprise Limited IPO is a 100% fresh issue of 22,48,000 new equity shares. Rudra Gas Enterprise Limited’s IPO will be listed on the BSE SME. It is a book-built issue IPO.
Rudra Gas Enterprise Limited IPO Price Band
The price of the IPO has been fixed at ₹63 per share.
Rudra Gas Enterprise Limited IPO Lot Size
The lot size of the IPO has been fixed at 2,000 shares.
Rudra Gas Enterprise Limited IPO Objectives
The objectives of Rudra Gas Enterprise Limited IPO are listed below
- Working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, Likhitha Infrastructure Limited is the only listed peer of the company.
How To Check the Allotment Status of the Rudra Gas Enterprise Limited IPO?
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Contact Details of Rudra Gas Enterprise Limited
Registered office: B-702, The Capital Building, Science City Road, Opp.
Hetarth Party Plot, Sola, Ahmedabad-380060, Gujarat, India
Phone: +91 98751 39472
E-mail:cs@rudragasenterprise.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Total InYear ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 4,957.02 | 4,395.95 | 2,816.96 |
| Profit After Tax (PAT) | 352.02 | 179.41 | 127.05 |
| Assets | 3,380.57 | 2,804.92 | 1,960.50 |
| Net Worth | 798.50 | 446.48 | 267.07 |
| Total Borrowings | 1738.34 | 1379.98 | 1008.22 |
Know before investing
Strengths
2The company has a robust infrastructure and effective project execution. The success in the gas pipeline business depends on owning and maintaining a large fleet of equipment. It allows the company to meet diverse customer requirements and mobilise the necessary equipment at the project site.
The company has developed a solid reputation in the industry, earning repeat orders from several prominent clients, even in the face of increased competition. These clients include major gas companies throughout the country, with whom we have developed a long-term partnership.
Risks
2The company is facing outstanding legal proceedings. Any adverse decision in those proceedings may have a material adverse effect on its business, results of operations and financial condition.
The company is dependent on a few suppliers for the purchase of products. Any loss in large suppliers may adversely affect its business operations.
