Rudra Gas Enterprises launched its initial public offer on 8th February 2024. This IPO is going to end on 12th February 2024. Through this IPO company is raising ₹14.16 Crore by fresh equity. Rudra Gas Enterprises is known for its fiber cable networks, construction equipment, and vehicle rental. Interestingly, the IPO has gained the attention of retail investors and as a result, it was fully booked within an hour after opening on 8th February 2024. Let’s unveil the Rudra Gas Enterprises IPO GMP Today and updated grey market premium list with expected gains.
As per the details, Rudra Gas Enterprises IPO price band of ₹63 per share, and it is going to be listed on the exchanges on February 15, 2024. In this IPO the minimum lot size is 2000 shares and the retail investors can bid for a maximum of 2000 shares. The allotment of this IPO will be declared soon on February 14, 2024. The basis of allotment will come on Feb 13, 2024.
The IPO has amazed retail investors by the subscription on the first day. It was fully booked which shows the interest of retail investors in this Initial Public Offer. The grey market premium is available with the expected listing gains on this IPO.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
| 08-02-2024 Open | 63.00 | ₹35 | 53200 | ₹98 (55.56%) |
| 07-02-2024 | 63.00 | ₹35 | 53200 | ₹98 (55.56%) |
| 06-02-2024 | 63.00 | ₹30 | 45600 | ₹93 (47.62%) |
| 05-02-2024 | 63.00 | ₹20 | 30400 | ₹83 (31.75%) |
The company has achieved ₹3,446.81 cr revenue in the Quarter 2 of FY24. The profit after tax (PAT) was ₹247.41 crore. They have several clients and are involved in the pipeline construction. The complete financials are available on the official website of Rudra Gas Enterprises. Stay tuned to read the latest updates and subscription status