IPO Synopsis

Rudra Gas Enterprise Ltd
Registered Office: B-702 The Capital Building,Science City Road Sola,Ahmedabad-380060, Gujarat
Tel. No: +91 98751 39472
Fax No:
Email: cs@rudragasenterprise.com
Website: www.rudragasenterprise.com
Public issue of 2248000 equity shares of face value of Rs. 10/- each of Rudra Gas Enterprise Limited ("RGEL") or the "Company" or the "Issuer") for cash at a price of Rs. 63/- per equity share including a share premium of Rs. 53/- per equity share (the "Issue Price") aggregating to Rs. 14.16 crores ("The Issue"), of which 116000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 63/- per equity share including a share premium of Rs. 53/- per equity share aggregating to Rs. 0.73 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 2132000 equity shares of face value of Rs. 10/- each at a price of Rs. 63/- per equity share including a share premium of Rs. 53/- per equity share aggregating to Rs. 13.43 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.96% and 25.57% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 63. The issue price is 6.3 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
08-Feb-2024 12-Feb-2024 ₹63.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of :2000
(₹ Cr) Lead Managers to the Issue
Project Cost 12.75 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 14.16
Post Issue Equity Share Capital 8.34
Issue Price 63.00
Projects
To meet working capital requirements
General corporate purposes
Promoted By
Kush Sureshbhai Patel
Kashyap Sureshbhai Patel
Manjulaben Sureshbhai Patel
Listing At
BSE - SME
Registrar To The Issue