Rudra Gas Enterprise Limited opens IPO on BSE SME from Feb 8-12, 2024, raising funds for working capital, corporate purposes, and growth.

Rudra Gas Enterprise Limited, a leading infrastructure company, announced the opening of its Initial Public Offering on the BSE SME platform on February 8th, 2024, closing on February 12th, 2024. The company, founded in 2015, has a strong presence across 15 Indian states and completed over 50 projects. The IPO comprises 2,248,000 Equity Shares with a face value of Rs10 each, available at a fixed price of Rs.63 per share. Funds raised will be utilized for working capital requirements, general corporate purposes, and growth. Rudra Gas, with a standout financial performance, reported net profits of Rs.1.27 crore (FY21), Rs.1.79 crore (FY22), and Rs.3.52 crore (FY23).

February 09, 2024
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