Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Rudra Gas Enterprise IPO
Price Band
₹
Issue Size
₹14.16 Cr
Lot Size
2,000 shares
Min Investment
₹126,000
GMP
+₹57.0 (90.48%)
Issue Price
₹63.0
Subject to Sauda
₹86600
Paid only if allotted
Rudra Gas Enterprise IPO AI Summary
- Rudra Gas Enterprise IPO is listed on BSE SME in the Civil Construction sector.
- Subscription window: 08 Feb–12 Feb 2024, listing on 15 Feb 2024.
- Current GMP is +₹57.0 (90.48%) — unofficial and can change daily.
Rudra Gas Enterprise Limited is set to list on February 15, 2024, with an issue price of ₹63.0. The company has shown a decline in total income and profit in its latest financials, which may impact investor sentiment. The IPO is priced lower than its peers, suggesting a potentially attractive entry point for investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rudra Gas Enterprise IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rudra Gas Enterprise IPO Grey Market Premium (GMP) Today
GMP
+₹57.0
GMP %
+90.48%
Est. Listing
₹120.0
Updated: 25 Jul 2026 14:07
About the Company
Rudra Gas Enterprise Limited was founded in 2015 and is active in gas distribution network projects, fiber cable networks, construction equipment, and vehicle rental. 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. The company has three business verticals: Gas pipeline projects: These include the laying of pipelines for the distribution of city gas network and the construction of associated facilities such as CNG (compressed natural gas) stations, the construction, installation, testing, and commissioning of underground pipelines, maintenance, and repair facilities, the construction and installation of gas stations and their physical infrastructure such as pipelines, valves and stations required to carry out the works in accordance with the scope and specifications of the project. The company also provides comprehensive operation and maintenance services to city gas distribution companies(CGD). Fiber optic cable projects: This involves the development of special cables for the transmission of data using light signals. Rental of construction machinery and vehicles: This includes the rental of construction machinery and vehicles to subcontractors for specific projects. The company's customers include companies in the city gas distribution and telecommunications sectors, both in the public and private sectors. As of October 31, 2023, the company had 512 permanent employees on the payroll of the company.
Company Financials (₹ Cr)
As of 2023-10-31
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 43.45 | 33.81 | 28.05 | 19.61 |
| Total Income | 34.47 | 49.57 | 43.96 | 28.17 |
| Profit After Tax | 2.47 | 3.52 | 1.79 | 1.27 |
| NET Worth | 11.49 | 7.99 | 4.46 | 2.67 |
| Reserves and Surplus | 5.40 | 7.74 | 4.21 | 2.42 |
| Total Borrowing | 19.90 | 17.38 | 13.80 | 10.08 |
Key Ratios
EPS
₹5.78
NAV
₹15.21
ROE
57%
ROCE
25%
RoNW
44.09%
P/B Value
4.14
P/E Ratio
10.9
Market Cap
₹52.53 Cr
PAT Margin
7.12%
Debt/Equity
2.18
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Likhitha Infrastructure Limited | 63.39 | 24.11% | 15.43 | 15.28 |
| Rudra Gas Enterprise Limited This IPO | 15.21 | 44.09% | 9.39 | 6.71 |
Promoters
Manjulaben Sureshbhai Patel, Kush Sureshbhai Patel and Kashyap Sureshbhai Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Working Capital Requirements 9.50 2 General Corporate Purposes 3.25
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹49.57 Cr for the period ending 31 Mar 2023, decreasing to ₹34.47 Cr by 31 Oct 2023. This decline is notable, though the latter figure is for a 9-month period, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.52 Cr for the period ending 31 Mar 2023, dropping to ₹2.47 Cr by 31 Oct 2023. Similar to the revenue figures, this decrease is affected by the fact that the latter figure is for a 9-month period.
Valuation
At the issue price of ₹63.0, Rudra Gas Enterprise Limited has an implied P/E of 9.39, compared to peers trading at a P/E range of 15.43. This suggests that the IPO is priced at a lower multiple of earnings than its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading before its official listing. A positive GMP suggests that investors anticipate a higher price on the listing day compared to the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider market conditions and the company's fundamentals.
Who May Want to Wait
Investors who prefer stable and established companies with consistent earnings may want to avoid this IPO, especially given its recent decline in income and profit figures.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on market conditions, investor sentiment, and company performance. While a positive GMP suggests potential gains, there is no guarantee, and investors should be prepared for fluctuations in share price post-listing.
This evaluation is generated from Rudra Gas Enterprise's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rudra Gas Enterprise IPO GMP today?
Rudra Gas Enterprise IPO GMP today is +₹57.0 (90.48%). GMP is an unofficial grey-market indicator and can change daily.
When does Rudra Gas Enterprise IPO open and close?
Rudra Gas Enterprise IPO opens on 08 February 2024 and closes on 12 February 2024.
When does Rudra Gas Enterprise IPO list on the stock exchange?
Rudra Gas Enterprise IPO listed on 15 February 2024 at ₹120.0.
What is the lot size for Rudra Gas Enterprise IPO?
The lot size for Rudra Gas Enterprise IPO is 2000 shares, requiring a minimum investment of ₹126,000.
What is the lot size for Rudra Gas Enterprise's IPO?
The lot size for the IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹126,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹63.0.
When does the IPO open and close?
The IPO opens on February 8, 2024, and closes on February 12, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Feb 2024
Close
12 Feb 2024
Allotment
13 Feb 2024
Listing
15 Feb 2024
Similar IPOs in Civil Construction
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Rudra Gas Enterprise?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.