IPO

Rudra Gas Enterprise Ltd

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
Opens On Closes On
08-Feb-24 12-Feb-24
Money Payable On
Application Allotment
63.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 12.75 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 14.16  
Post Issue Equity Share Capital (.Cr) 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
No Data Available