Rudra Gas Enterprise share price made a bumper debut on BSE SME today. On BSE SME, Rudra Gas Enterprise share price was listed at ₹119.70, which is 90% higher than the issue price of ₹63.
Rudra Gas Enterprise IPO opened for subscription on Thursday, February 08, and closed on Monday, February 12. Rudra Gas Enterprise IPO price band was set at ₹63 apiece. Rudra Gas Enterprise IPO lot size consisted of 2,000 shares. Investors could bid for a minimum of 2,000 shares and in multiples thereof. The issue price was 6.3 times the face value of ₹10.
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Rudra Gas Enterprise IPO subscription status was 350.75 times on day 3. The issue was subscribed 71.51 times on day 2, and 18.87 times on day 1.
Rudra Gas Enterprise IPO details
Rudra Gas Enterprise IPO comprises a fresh issue of 22,48,000 equity shares aggregating to ₹14.16 crore. This is a completely a fresh issue, and there is no offer-for-sale component.
The proceeds from the fresh issue will be used for the following goals in order to meet the company's general objectives and working capital needs.
The Rudra Gas Enterprise IPO's book running lead manager is Beeline Capital Advisors Pvt Ltd, and the registrar is Link Intime India Private Ltd. Spread X Securities is the market maker for the Rudra Gas Enterprise IPO.
Rudra Gas Enterprise IPO GMP today
Rudra Gas Enterprise IPO GMP or grey market premium is +57. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rudra Gas Enterprise share price was indicated at ₹120 apiece, which is 90.48% higher than the IPO price of ₹63.
Based on last 11 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹20, while the highest GMP is ₹57. according to investorgain.com analysts.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
FAQs
Rudra Gas Enterprise IPO price is fixed at Rs. 63 per share. The total issue size of this IPO amounts to Rs. 14.16 CR.
How to apply for Rudra Gas IPO? ›
An investor can apply in Rudra Gas Enterprise IPO online via bank (using ASBA) or the broker (using UPI). The Rudra Gas Enterprise IPO shares are offered online only.
What is the lot size of Rudra gas? ›
What is the lot size of Rudra Gas Enterprise IPO? Rudra Gas Enterprise IPO lot size is 2000 Shares, and the minimum amount required is ₹126,000.
Who is the registrar of Rudra gas IPO? ›
Once share allocation is announced, bidders will be able to check Rudra Gas Enterprise IPO allotment status online by logging in to the website of its official registrar — Link Intime Private Limited. Go to the website of Link Intime. Step 2- Click on 'Company Selection' and then select the IPO name.
Is Rudra gas ipo good? ›
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):
Who is the owner of Rudra gas? ›
There are 3 promoter(s) of the company viz. Kashyap Sureshbhai Patel, Kush Sureshbhai Patel, Manjulaben Sureshbhai Patel, . RUDRA GAS ENTERPRISE PRIVATE LIMITED Annual General Meeting (AGM) was last held on 01-11-2021 as per records from the Ministry of Corporate Affairs (MCA).
What does Rudra gas do? ›
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.
What is the PE ratio of Rudra gas? ›
Rudra Gas Enterprise has a PE ratio of 27.47 which is high and comparatively overvalued .
What is the price of Rudra gas IPO? ›
On BSE SME, Rudra Gas Enterprise share price was listed at ₹119.70, which is 90% higher than the issue price of ₹63. Rudra Gas Enterprise IPO opened for subscription on Thursday, February 08, and closed on Monday, February 12. Rudra Gas Enterprise IPO price band was set at ₹63 apiece.
Where to buy rudra gas ipo? ›
Retail investors can apply online for Rudra Gas Enterprise IPO shares through the banks (using ASBA) or through the broker (using UPI).
Rudra Gas Enterprise has a total shareholder equity of ₹261.8M and total debt of ₹209.1M, which brings its debt-to-equity ratio to 79.9%. Its total assets and total liabilities are ₹576.8M and ₹315.0M respectively.
What is the GMP of Rudra Gas Enterprise Limited? ›
The last GMP for Rudra Gas Enterprise IPO was ₹57, updated on Feb 15th 2024 09:26 AM. As per the last GMP, the expected profit/loss for the IPO was 90.48%. The issue price of Rudra Gas Enterprise IPO (544121) was ₹63.00, listed at a price of ₹119.70, which is 90.00% higher than the allotment price.
What is the GREY market premium of Rudra gas IPO? ›
Rudra Gas Enterprise IPO GMP or grey market premium is +40. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rudra Gas Enterprise share price was indicated at ₹103 apiece, which is 63.49% higher than the IPO price of ₹63.
What is the gain of Rudra gas listing? ›
Rudra Gas Enterprise IPO: Ahead of the listing, Rudra Gas shares were trading at a 90 percent premium in the grey market. Rudra Gas Enterprise stock made a strong debut on February 15, listing at a 90 percent premium to the IPO price. The stock opened at Rs 119.7 against the issue price of Rs 63 on the BSE SME.
Who is director of Rudra shares? ›
Siddhartha Bansal Director Rudra Shares & Stock Brokers Ltd.
What is the share price of Rudraksh gas? ›
Rudra Gas Enterprise stock price today is Rs 155.75.
What is the net worth of Rudra Gas Enterprise? ›
What is the market cap of Rudra Gas Enterprise Ltd? Rudra Gas Enterprise Ltd has a market capitalisation of ₹ 119 Cr as on 09-Sep-2024. As per Value Research classification, it is a Small Cap company.
