Rudra Gas Enterprise Limited IPO

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Rudra Gas Enterprise Limited stands as a pivotal player in the infrastructure sector, with a diversified portfolio encompassing gas distribution network projects, fiber cable network services, and the renting of construction machinery and vehicles. Their operational excellence and commitment to quality position us as a trusted partner across vital industries, ensuring the safe and efficient transportation of resources like Compressed Natural Gas (CNG) and Piped Natural Gas (PNG), alongside pivotal telecommunications infrastructure through optical fiber cable installations.

Core Business Verticals

  1. Gas Pipeline Projects: Their proficiency spans across the city gas distribution sector, delivering comprehensive solutions from pipeline construction to civil works, and operation and maintenance of pipeline networks. They cater to both domestic and industrial/commercial sectors, fulfilling the diverse needs of their clients with precision and reliability.
  2. Fiber Cable Network Projects: they are at the forefront of the telecommunications infrastructure, offering state-of-the-art optical fiber cable installation services. their expertise ensures high-speed data transmission networks that are foundational to modern connectivity and telecommunications.
  3. Renting of Construction Machinery and Vehicles: This vertical supports the operational capabilities and enhances the service offerings, providing essential machinery and vehicles to the subcontractors. It represents a strategic approach to asset utilization, contributing significantly to the revenue and operational efficiency.

Market Position

Under the visionary leadership of the promoters, Rudra Gas Enterprise Limited has witnessed remarkable growth and expansion. The promoters’ deep technical expertise, industry knowledge, and strategic relationships have propelled them to the forefront of our industry sectors. They have been instrumental in the successful execution of their business strategies, driving growth and expanding the geographical and client base.

Future Outlook

Looking ahead, Rudra Gas Enterprise Limited aims to leverage its strengths and continue its expansion within and beyond its current sectors. With a solid foundation and a clear vision for growth, they are poised to explore new avenues for development, capitalizing on emerging opportunities in the infrastructure domain.

In conclusion, Rudra Gas Enterprise Limited embodies excellence, reliability, and strategic growth in the infrastructure sector. Their comprehensive services, combined with their commitment to quality and safety, make them a preferred partner in the industry, poised for continued success and expansion.

Objects of the Rudra Gas Enterprise Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: i. To Meet Working Capital Requirements ii. General Corporate Purposes.
DRHP of Rudra Gas Enterprise Limited IPO
RHP of Rudra Gas Enterprise Limited IPO

Rudra Gas Enterprise Limited IPO Details:

Open Date: Feb 08 2024
Close Date: Feb 12 2024
Total Shares: 2,248,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 14.16 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 63 Per Equity Share
Listing At: BSE SME
Listing Date: Feb 15 2024

Promoters And Management:

Mr. Kush Sureshbhai Patel, aged 34 years, is Chairman and Managing Director and Promoter of the Company. He holds degree of Bachelor of Technology from Pandit Deendayal Petroleum University, Gandhinagar, Gujarat He is having an experience of more than 10 years in the field of Oil and Gas Industry. He manages finance, accounting, design and development of gas distribution network, optical fiber cable network and overall management of the Company. Mr. Kashyap Sureshbhai Patel, aged 34 years, is Executive Director and Promoter of the Company. He holds degree of Bachelor of Technology from Pandit Deendayal Petroleum University, Gandhinagar, Gujarat. He is having an experience of more than 11 years in the field of Oil and Gas Industry. He manages Tendering Department, Project construction activities and overall operations of the Company. Mrs. Manjulaben Sureshbhai Patel, aged 56 years, is Non-Executive Director and Promoter of the Company. She is an Under Graduate. She is having an experience of more than 8 years as a Director in Rudra Gas Enterprise Limited.

Financials of Rudra Gas Enterprise Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
7M-FY24
Revenue from Operations 2,809 4,384 4,942 3,436
Other Income 8 12 15 10
Total Revenue 2,817 4,396 4,957 3,447
Cost of Materials Consumed 2,127 3,171 3,183 2,128
Employees Benefit Expenses 295 582 873 692
Other Expenses 100 180 178 108
EBITDA 295 463 723 518
Depreciation & Amortisation 32 64 74 46
Finance cost 81 149 175 141
EBIT 264 399 649 472
OPM (%) 10.48% 10.54% 14.59% 15.03%
PBT 180 240 474 331
Tax 53 61 122 84
PAT 127 179 352 247
NPM (%) 4.51% 4.08% 7.10% 7.18%
No.of Shares 83.38 83.38 83.38 83.38
EPS 1.52 2.15 4.22 2.96

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Rudra Gas Enterprise Limited 49 4 4.22 14.9 63 53
Likhitha Infrastructure Limited 351 60 15.22 17.1 272 1,077
* All the data is as per FY23.

Recommendation on Rudra Gas Enterprise Limited IPO:

To be updated shortly.

Lead Manager of Rudra Gas Enterprise Limited IPO:

  1. Beeline Broking Limited

Registrar of Rudra Gas Enterprise Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Rudra Gas Enterprise Limited B-702, The Capital Building, Science City Road, Opp. Hetarth Party Plot, Sola, Ahmedabad-380060 Phone: +91 98751 39472 Email: cs@rudragasenterprise.com Website: https://www.rudragasenterprise.com/

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