About Rudra Gas Enterprise Limited
Rudra Gas Enterprise Limited is launching its IPO. The IPO opens for subscription on 08th February and will close on 12th February 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does Rudra Gas Enterprise Limited do?
Incorporated in 2015, Rudra Gas Enterprise Limited operates in the infrastructure sector with a focus on three key business verticals:
- Gas Pipeline Projects: The company specializes in gas distribution network projects and provides a range of services. This includes experience with pipeline construction, civil works, and the operation and maintenance of pipeline networks in the city gas distribution domain. The company’s functions include pipeline laying for city gas networks, the construction of associated facilities such as CNG stations, the installation, testing, and commissioning of underground pipelines, and maintenance and repair services. They also build and install gas stations, including the infrastructure components like pipelines, valves, and stations required to meet project scope and specifications. Further, the company provides comprehensive operational and maintenance services to city gas distribution companies (CGD).
- Fiber Optic Cable Projects: This includes providing specialized services for the planning and installation of fiber optic cables. These cables are intended to provide efficient data transmission via light signals.
- Rental of Construction Machinery and Vehicles: The company provides subcontractors with construction machinery and vehicle rental services that cater to specific project requirements.
Schedule/Timeline of Rudra Gas Enterprise Limited IPO
| Issue Period | 8th February to 12th February 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | February 13, 2024 |
| Initiation of Refunds | February 14, 2024 |
| Credit of Shares | February 14, 2024 |
| Date of Listing | February 15, 2024 |
| Mandate end date | February 27, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | March 13, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | May 12, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Rudra Gas Enterprise Limited IPO?
You can apply for the Rudra Gas Enterprise Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Rudra Gas Enterprise Limited IPO?
You can check the allotment status for the Rudra Gas Enterprise Limited IPO on the website of the Registrar and Transfer agent.