- POSITIVE
Annual Revenue Rudra Gas Enterprise Mar-2026 Annual Revenue is Rs 121 Cr which is growth of 20.9% YoY.
- POSITIVE
Annual Net Profit Rudra Gas Enterprise Mar-2026 Annual Net Profit is Rs 9 Cr which is growth of 28.5% YoY.
Rudra Gas Enterprise was incorporated on 7 September 2015. The company is engaged in various facets of the infrastructure sector. It is mainly engaged in gas distribution network projects, fiber cable networks, renting of construction machinery and vehicles. It provides end-to-end solutions for the city gas distribution sector.
| Bidding Dates |
|---|
| 08 Feb 2024 - 12 Feb 2024 |
| Subscription |
|---|
| 332.7x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹126,000 | 1 | 1 | 2000 | 2.2 M | ₹63 | 73.04 % | ₹141.6 M | RHP DOC |
Rudra Gas Enterprise IPO SUBSCRIPTION STATUS
12 Feb '24Total332.7x
Retail Individual Investor383.51x
HNI (NII) Investors281.89x
Qualified Institutional Buyers-
Rudra Gas Enterprise IPO overall subscription rate was 332.7 times the total available shares
Rudra Gas Enterprise IPO retail subscription rate was 383.51 times in the retail segment
Rudra Gas Enterprise IPO non-institutional investor subscription rate was 281.89 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
12 Feb 2024 (Day 3) | 383.51x | 281.89x | - |
09 Feb 2024 (Day 2) | 110.62x | 25.12x | - |
08 Feb 2024 (Day 1) | 30.02x | 5.76x | - |
Rudra Gas Enterprise FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY24 | 24.7 | 343.6 | 33.8 | 31.5 | 14.8% |
| FY23 | 35.2 | 494.2 | 28.8 | 23.7 | 14.3% |
| FY22 | 17.9 | 438.4 | 42.3 | 4.2 | 10.1% |
| FY21 | 12.7 | 280.9 | 25.6 | 10.5 | 10.2% |
Rudra Gas Enterprise IPO SUBSCRIPTION STATUS DETAILS
Rudra Gas Enterprise had 2.2 M shares on offer
Rudra Gas Enterprise IPO offer price was ₹63
Rudra Gas Enterprise IPO minimum Investment was ₹126000
Rudra Gas Enterprise IPO issue size was ₹ 141.6 M
Rudra Gas Enterprise had a minimum lot size of 2000 Shares per application
Rudra Gas Enterprise NUMBER OF SHARES ON OFFER
Total2.2 M
Fresh Issue2.2 M
Offer for Sale0
Post Issue Promoter Holding %73.04 %
Rudra Gas Enterprise IPO IMPORTANT DATES
| Issue Open Date | 08 Feb 2024 |
| Issue close Date | 12 Feb 2024 |
| Allotment Date | 13 Feb 2024 |
| Refund Date | 14 Feb 2024 |
| Demat Account Credit Date | 14 Feb 2024 |
| Listing Date | 15 Feb 2024 |
| Listing on Exchange(s) | BSE |
| Rudra Gas Enterprise Allotment Status | Exchange |
Rudra Gas Enterprise IPO subscription opened on 08 Feb 2024, and closed on 12 Feb 2024
IPO allotment for Rudra Gas Enterprise was finalized on Tuesday, 13 Feb 2024
IPO listing for Rudra Gas Enterprise was on BSE on Thursday, 15 Feb 2024
Rudra Gas Enterprise IPO LISTING GAINS
| Issue Price (adjusted) | 63.0 |
| Listing Open Price | 119.7 |
| Listing Close Price | 125.7 |
| Listing Gain% | 90.0% |
| Current Gain% | 7.9% |
Rudra Gas Enterprise Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rudra Gas Enterprise Ltd. | 68 | 56.7 | 6.6 | 0.2 | 0.5 | 21 | 6.9 | 124.6 | 24.1 | 8.6 | 37.5 | 10.3 | 37.5 |
| Larsen & Toubro Ltd. | 4143.8 | 583017 | 32.6 | 3.6 | 1.9 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 127 | 8.9 |
| GMR Airports Ltd. | 99 | 104533.9 | 208.9 | 0.6 | 6.5 | -5.9 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.5 | 327.9 |
| Rail Vikas Nigam Ltd. | 199.5 | 41587.8 | 45.3 | -2.4 | 2 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.4 | -19.1 |
| Cemindia Projects Ltd. | 1314.8 | 24247.9 | 38.8 | 1 | 2.3 | 24.9 | 8.4 | 10237.5 | 11.9 | 597.7 | 60.3 | 33.9 | 40.2 |
| Kalpataru Projects International Ltd. | 1349.5 | 23045.7 | 19.4 | 0.4 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 69.4 | 44.4 |
Annual
Balance Sheet
Ratios
Cash Flow
Rudra Gas Enterprise annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
34.8% | 33.9% | 121.4 | 100.4 | 64.1 | 49.6 | 44 | 28.2 | ||
Operating Exp. Ann. | 34.8% | 32.7% | 103.5 | 87.6 | 54.4 | 42.3 | 39.3 | 25.2 | |
Operating Profit Ann. | 34.8% | 43.1% | 17.4 | 12.5 | 9.4 | 7.1 | 4.5 | 2.9 | |
OPM Ann. % | 0.1% | 7% | 14.33% | 12.42% | 14.71% | 14.29% | 10.26% | 10.21% | |
34.8% | 33% | 109.8 | 91.4 | 57.8 | 44.8 | 41.5 | 26.4 | ||
EBITDA Ann. | 35.5% | 42.9% | 17.9 | 12.9 | 9.7 | 7.2 | 4.6 | 3 | |
EBITDA Ann. margin % | 0.3% | 7% | 14.73% | 12.80% | 15.16% | 14.59% | 10.54% | 10.48% | |
Interest Ann. | 44.2% | 46.5% | 5.4 | 3 | 2.6 | 1.8 | 1.5 | 0.8 | |
Depr. | 4.6% | 21.7% | 0.8 | 0.8 | 0.8 | 0.7 | 0.6 | 0.3 | |
PBT Ann. | 35.1% | 45.2% | 11.6 | 9 | 6.3 | 4.7 | 2.5 | 1.8 | |
Tax Ann. | 35.7% | 43.1% | 3 | 2.3 | 1.6 | 1.2 | 0.6 | 0.5 | |
34.9% | 45.9% | 8.6 | 6.7 | 4.7 | 3.5 | 1.9 | 1.3 | ||
Net Profit Ann. | 34.9% | 45.9% | 8.6 | 6.7 | 4.7 | 3.5 | 1.8 | 1.3 | |
NPM Ann. % | 0% | 9.5% | 7.12% | 6.70% | 7.41% | 7.12% | 4.09% | 4.52% | |
EPS Adj. latest Ann. | 34.9% | 47% | 10.3 | 8 | 5.7 | 4.2 | 2.2 | 1.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
20.9%
2Y CAGR
37.6%
3Y CAGR
34.8%
5Y CAGR
33.9%
Total Revenue Annual growth is lower than historical averages.
Net Profit Ann.
1Y CHG
28.4%
2Y CAGR
35.3%
3Y CAGR
34.9%
5Y CAGR
45.9%
Net Profit Annual growth is lower than historical averages.
Operating Exp. Ann.
1Y CHG
18.2%
2Y CAGR
37.9%
3Y CAGR
34.8%
5Y CAGR
32.7%
Operating Expenses Annual Cr growth is lower than historical averages.
Rudra Gas Enterprise INFORMATION ON IPO ISSUE
About Rudra Gas Enterprise
Rudra Gas Enterprise was incorporated on 7 September 2015. The company is engaged in various facets of the infrastructure sector. It is mainly engaged in gas distribution network projects, fiber cable networks, renting of construction machinery and vehicles. It provides end-to-end solutions for the city gas distribution sector.
Object of the Issue
- To meet working capital requirements
- General corporate purposes
Rudra Gas Enterprise - PROMOTERS
| Name |
|---|
| Manjulaben Sureshbhai Patel |
| Kashyap Sureshbhai Patel |
| Kush Sureshbhai Patel |
Rudra Gas Enterprise Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Rudra Gas Enterprise Registrar to the Issue
Link Intime India Private Limited
rudragas@linkintime.co.in
Rudra Gas Enterprise Strengths
Robust infrastructure
The company's success in the gas pipeline business relies on owning and maintaining a large fleet of equipment. This enables it to meet diverse customer requirements and mobilize the necessary equipment at project sites
Strength
Long-term client relationships
The company has established a strong reputation in the industry, earning repeat orders from several prominent clients, even in the face of increased competition
Strength
Strong partnerships
Over the years, the company has built strong relationships and strategic partnerships with key stakeholders in the industry. This includes collaborations with suppliers, subcontractors, and technology providers
Strength
Rudra Gas Enterprise Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations, and financial condition
Risk
Dependent on few customers
The company is dependent on a few customers. The loss of any of these large customers may adversely affect revenues and profitability
Risk
Significant working capital requirements
The company has experienced significant working capital requirements in the past and may continue to experience them in the future as well. If it experiences insufficient cash flows from operations, it may materially and adversely affect the business
Risk
IPO FAQs
The promoters of the company are Manjulaben Sureshbhai Patel, Kashyap Sureshbhai Patel and Kush Sureshbhai Patel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 63.0 - 63.0.
The IPO application opens on Feb 08, 2024 and closes on Feb 12, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Feb 13, 2024.
The refund will be credited to your account on Feb 14, 2024.
The allotted shares will be credited to your demat on Feb 14, 2024.
Rudra Gas Enterprise Ltd.’s shares listed on the stock exchanges on Feb 15, 2024.