Rudra Gas Enterprise IPO vs WTI Cabs IPO

Comparision between Rudra Gas Enterprise IPO and WTI Cabs IPO.

IPO Details

Rudra Gas Enterprise IPO is a SME Book Built Issue IPO proposed to list at BSE SME while WTI Cabs IPO is a SME Book Built Issue proposed to list at NSE SME.

	Rudra Gas Enterprise IPO	WTI Cabs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Share India Capital Services Private Limited
Registrar	Link Intime India Private Ltd	Beetal Financial & Computer Services (P) Limited
Market Maker	Spread X Securities Private Limited	Share India Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Rudra Gas Enterprise IPO is up to ₹14.16 Cr whereas the issue size of the WTI Cabs IPO is up to ₹94.68 Cr. The final issue price of Rudra Gas Enterprise IPO is ₹63.00 per share and of WTI Cabs IPO is ₹147.00 per share.

	Rudra Gas Enterprise IPO	WTI Cabs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹140.00 per share
Issue Price (Upper)		₹147.00 per share
Issue Price (Final)	₹63.00 per share	₹147.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	22,48,000 shares	64,41,000 shares
Fresh Issue Size (Amount)	up to ₹14.16 Cr	up to ₹94.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,48,000 shares	64,41,000 shares
Issue Size Total (Amount)	up to ₹14.16 Cr	up to ₹94.68 Cr

IPO Timetable

Rudra Gas Enterprise IPO opens on Feb 08, 2024, while WTI Cabs IPO opens on Feb 12, 2024. The closing date of Rudra Gas Enterprise IPO and WTI Cabs IPO is Feb 12, 2024, and Feb 14, 2024, respectively.

	Rudra Gas Enterprise IPO	WTI Cabs IPO
Anchor Bid Date		Feb 09, 2024
Issue Open	Feb 08, 2024	Feb 12, 2024
Issue Close	Feb 12, 2024	Feb 14, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Feb 15, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 16, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 16, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 19, 2024
Anchor Lockin End date 1		Mar 16, 2024
Anchor Lockin End date 2		May 15, 2024

Financials

Rudra Gas Enterprise IPO P/E ratio is 10.9, as compared to WTI Cabs IPO P/E ratio of 24.81.

Rudra Gas Enterprise IPO

WTI Cabs IPO

Financial

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,345.39	3,380.56	2,804.92	1,960.50
Revenue	3,446.81	4,957.02	4,395.95	2,816.96
Profit After Tax	247.41	352.02	179.41	127.05
Net Worth	1,149.10	798.50	446.48	267.07
Reserves and Surplus	540.10	773.50	421.48	242.07
Total Borrowing	1,990.15	1,738.34	1,379.98	1,008.22
Amount in ₹ Lakhs

Wise Travel India Limited Financial Information (Restated)

Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,427.82	12,161.21	6,002.64	5,271.17
Revenue	19,016.53	24,997.04	8,970.00	4,405.51
Profit After Tax	1,132.91	1,029.36	377.74	172.85
Net Worth	5,194.36	4,061.45	2,832.10	2,454.36
Reserves and Surplus	3,457.28	3,745.62	2,537.10	2,159.36
Total Borrowing	1,627.55	1,674.50	216.32	56.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

95.63%

Promoter Shareholding (Post-Issue)

73.03%

69.76%

P/E Ratio

10.9

24.81

Market Cap

₹52.53 Cr.

₹350.03 Cr.

ROE

57%%

29.79%%

ROCE

25%%

22.90%%

Debt/Equity

2.18

0.65

EPS

₹5.78

₹5.91

RoNW

44.09%%

25.28%%

Shares Offered

In the Rudra Gas Enterprise IPO retail investors (RII) are offered 10,66,000 shares while in WTI Cabs IPO retail investors are offered 10,66,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Rudra Gas Enterprise IPO and 11,91,000 shares in WTI Cabs IPO.

	Rudra Gas Enterprise IPO	WTI Cabs IPO
Anchor Investor Reserveration		17,85,000 shares
Market Maker Reserveration	1,16,000 shares	4,38,000 shares
QIB	0 shares	11,91,000 shares
NII	10,66,000 shares	8,94,000 shares
RII	10,66,000 shares	20,84,000 shares
Employee	0 shares	0 shares
Others
Total	21,32,000 shares	42,18,000 shares

Bids Received (Subscription)

Rudra Gas Enterprise IPO subscribed 350.75x in total, whereas WTI Cabs IPO subscribed 163.46x.

	Rudra Gas Enterprise IPO	WTI Cabs IPO
QIB (times)		106.69x
NII (times)	286.62x	375.56x
Big NII (times)
Small NII (times)
RII (times)	404.38x	108.76x
Employee (times)
Other (times)
Total (times)	350.75x	163.46x

Compare with others

Rudra Gas Enterprise IPO	WTI Cabs IPO
Interiors and More IPO	Atmastco IPO
Atmastco IPO	Thaai Casting IPO
Thaai Casting IPO	Kalahridhaan Trendz IPO
Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO
Polysil Irrigation Systems IPO	Rudra Gas Enterprise IPO
WTI Cabs IPO	Alpex Solar IPO
Alpex Solar IPO	Italian Edibles IPO
Italian Edibles IPO	Gabriel Pet Straps IPO
Gabriel Pet Straps IPO	Mayank Cattle Food IPO
Mayank Cattle Food IPO	Docmode Health Technologies IPO

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