Rudra Gas Enterprise Limited IPO: Key Details and Upcoming Dates 2024

Rudra Gas Enterprise Limited IPO:

Rudra Gas Enterprise Limited (RGEL) is preparing for its initial public offering (IPO) on the BSE SME platform. This SME IPO allows investors to participate in the expansion of a firm that operates in the infrastructure industry, with a concentration on gas pipelines, fibre optic networks, and construction machinery rental.

Issue Details:

• Issue Type: Fresh Issue
• Issue Size: ₹14.16 Crores
• Number of Shares Offered: 2,248,000 Equity Shares (Face Value: ₹10)
• Offer Price: ₹63 per Share
• Minimum Lot Size: 2,000 Shares

Dates to Remember:

• Subscription Dates: February 8, 2024 to February 12, 2024
• Allotment Finalization: February 13, 2024 (Tentative)
• Expected Listing Date: February 15, 2024 (Tentative)

Allotment & Listing:

• The allotment of shares will be completed on February 13, 2024, and investors can check their progress online via the registrar’s website or their broker’s platform.
• The shares are planned for listing on the BSE SME platform on February 15, 2024. However, this date is subject to change based on regulatory clearances and market conditions.

Company Profile:

RGEL specialises in the building and maintenance of gas pipelines, the installation of fibre optic networks, and the rental of construction tools and trucks. With a diverse order book of almost ₹250 crores, the company has a proven track record of sales and profitability growth.

Conclusion:

The RGEL IPO allows investors to participate in the growth of a firm that operates in promising fields. However, it is critical to carefully analyse the risks connected with the investment before making a decision. Potential investors should perform their own research and due diligence before subscribing to the IPO.