
Emerging SME Services · BSE
Rudra Gas Enterprise Limited, founded in 2015, operates in gas distribution network projects, fiber cable networks, and construction equipment and vehicle rental. The company specializes in pipeline construction, civil works, and the operation and maintenance of city gas distribution networks, as well as the installation and maintenance of fiber optic cables. Rudra Gas Enterprise has three main business verticals: Gas Pipeline Projects – This includes laying pipelines for city gas distribution, building CNG stations, installing, testing, and commissioning underground pipelines, and maintaining gas infrastructure such as pipelines, valves, and stations. The company also offers operation and maintenance services for city gas distribution (CGD) companies. Fiber Optic Cable Projects – The company develops and installs fiber optic cables for data transmission using light signals. Construction Machinery & Vehicle Rental – It rents construction equipment and vehicles to subcontractors for project-specific needs. The company serves public and private sector clients in the city gas distribution and telecommunications industries. As of October 31, 2023, Rudra Gas Enterprise had 512 permanent employees, ensuring smooth execution of its projects.
Price Band
₹63
Issue Size
₹14.16 Cr
Lot Size
2000 shares
GMP
+90.5%
Est. Listing
₹120
at current GMP
Subscribed
350.80x
overall
Open
8 Feb 2024
Close
12 Feb 2024
Allotment
13 Feb 2024
Refund
14 Feb 2024
Demat Credit
15 Feb 2024
Listing
15 Feb 2024
Overall Subscription
350.80x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
297.23x
High Net-Worth
Retail (RII)
404.38x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,066,000 | 316,846,000 | 297.23x |
| RETAIL | 1,066,000 | 431,070,000 | 404.38x |
| Total | 2,132,000 | 747,916,000 | 350.80x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 393 | 158,921 | 404.38x |
| HNIs (10L +) | 3 | 892 | 297.23x |
| HNIs (2-10L) | 12 | 3,567 | 297.23x |
| Total Applications | 408 | 163,380 | 400.44x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Rudra Gas Enterprise Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹14.16 Crores. The shares are offered at a price band of ₹63 to ₹63 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,26,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-02-15, while un-allotted funds or UPI block mandates will be released on 2024-02-14.
The latest Grey Market Premium (GMP) for Rudra Gas Enterprise Limited IPO is ₹57 per equity share. Based on the upper price band of ₹63 to ₹63 per equity share, the estimated listing price is ₹120 (+90.5% expected listing gain).
With a lot size of 2000 shares and current GMP of ₹57, the expected profit per application lot is approx ₹1,14,000 (+90.5% gain). Minimum application cost is approx ₹1,26,000.
The Rudra Gas Enterprise Limited IPO aggregate issue size is ₹14.16 Crores with an equity price band set at ₹63 to ₹63 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,26,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 350.80x (Retail: 404.38x, QIB: 0.00x, NII: 297.23x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-02-13. Investors can verify status using PAN card or application number.
Rudra Gas Enterprise Limited shares are scheduled to list on BSE on 2024-02-15.