Rudra Gas Enterprise Limited, a dynamic player in the realm of gas distribution networks, fiber cable infrastructure, and construction equipment, has recently conducted its Initial Public Offering (IPO) with a fixed price issue of Rs 14.16 crores. The IPO comprises an entirely fresh issue of 22.48 lakh shares, a move that has captivated the attention of investors.
The IPO bidding window opened on February 8, 2024, and closed on February 12, 2024. The allotment results were unveiled on Tuesday, February 13, 2024. Investors eagerly anticipate the listing of Rudra Gas Enterprise IPO on BSE SME, with a tentative date set for Thursday, February 15, 2024.
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The IPO of Rudra Gas Enterprise is priced at Rs 63 per share, the IPO boasts a minimum lot size of 2000 shares, demanding a minimum investment of Rs 126,000 for retail investors. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots (4,000 shares), amounting to Rs 252,000.
The grey market premium (GMP) for Rudra Gas Enterprise shares is reported to be in the range of Rs 30 to Rs 40 in the unlisted market, indicating heightened market interest and potential positive sentiment.
The investors keen on tracking their IPO allotment status can utilise two primary platforms.
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–Firstly, through Link Intime India, where they need to select “Rudra Gas Enterprise Limited”
–From the drop-down menu and enter relevant details like Application Number, PAN, or DP Client ID.
Alternatively, the official BSE website can be accessed, follow these steps:
–Visit the official BSE website at bseindia.com/investors/appli_check.aspx.
–Choose the option for Rudra Gas Enterprise Limited IPO.
–Enter your Rudra Gas Enterprise Limited IPO application number.
–Provide your PAN details as required.
–Complete the captcha by clicking on ‘I’m not a robot’.
–Finally, click the ‘Submit’ button to retrieve the allotment status
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Beeline Capital Advisors Pvt Ltd serves as the book running lead manager for the IPO, while Link Intime India Private Ltd functions as the registrar. Spread X Securities assumes the role of the market maker for Rudra Gas Enterprise IPO.
The company was founded in 2015 and Rudra Gas Enterprise has carved a niche in gas distribution, fiber cable projects, and construction equipment rentals.
