Rudra Gas Enterprise Limited IPO (Rudra Gas Enterprise IPO) Detail

at LC today, selling pressure in many of the SME

Does anyone know why circuit limit was revised back to 5% today? I understand it was revised to 5% for Saturday because of special session rules -- but I am confused as to why it is still 5% today

strong UC today also

​@SMEARV ok

@SJogi welcome back

Sold today

RETAIL 2 ALLOTE OUT OF 3 .SHNI 1/0

​@SJogi Can u give any idea about this after todays happening where entirel selling was absorbed within 10 minutes . Now it is safe or still have some ground of seller pack ....Disclaimer Holding one lot of allotment

further tomorrow will be in 5% circuit thereafter perhaps 10% ...

Sold at 185.62 today. Thank you all for guidance.

📌BSE notification:- Rudra Gas enterprise ltd announced that, their associate Concern M/s. Rudra Gas Greenstat Hydrogen Private Limited is organizing the Ground Breaking Ceremony for Green Hydrogen Generation & Blending Project at Khanipur CGS, Gorakhpur😮🔥🔥

Yes true! Some big HNIs also bought as they knew flippers would dump in one go! All were ready to buy!

​@SJogi @PLAZA ...guys 1 question....am also holding 1 lot .....promoter/Director share in their pvt ltd company is different thn public ltd....all the profits or orders may go to pvt ltd company for ths specific green hydrogen project.

So in future, won't ths pvt ltd company get converted to public ltd and come wid der green hydrogen ipo?

i may be wrong, so request u all to correct my thinking.

everyday i am keeping sl at lc....

When is this coming under 10% circuit ?

Where did you know that its 29th Feb? Is there some link you can share?

11th day is the circuit change day

📌Rudra Gas Enterprise Limited✅ has entered into a Joint Venture Agreement Dated 14th Dec 2023 with Greenstat Hydrogen India Private Limited✅ in a name “Rudra Gas Greenstat Hydrogen Private Limited”🔥 for Providing Business of Generating, Storing, Transmitting, Distributing, Trading, and Supplying Energy Using Non-Conventional and renewable Sources.😮🚀

(📍Greenstat Hydrogen India Pvt Ltd is a GREEN ENERGY company facilitating energy transition throughout the whole value chain of Green Hydrogen from analysis to execution.)

📌Rudra Gas has an order book of Rs. 327.83Cr🔥, out of which income is booked for Rs. 75.71 cr. (➡️as per management, these order will be completed in 2.5 years.✅)

▪️Rudra Gas has its presence in Maharashtra, MP, Bihar, Chandigarh, Gujarat, Haryana, Himachal Pradesh, Karnataka, Punjab, Pondicherry, Rajasthan, Tamil Nadu, Telangana ,UP, West Bengal.💫

➢Achieved a milestone by installing over 20,000+ household piped connections for various city gas companies, significantly improving access to CLEAN ENERGY✅ for families across India.🔥😮

📍Completed and ongoing project details are attached in the last.✅

📌📌 ➡️ ➡️
▪️Rudra Gas Enterprise Limited✅ was founded in 2015 and is active in gas distribution network projects, fiber cable networks, construction equipment, and vehicle rental.

▪️They derive revenue from following 3 business verticals:-

1)Gas Pipeline Projects (90% Revenue)✅:-

a)Industrial Natural Gas Connection.
b)Commercial Natural Gas Connection.
c)PNG Domestic Connection.
d)Operation & Maintenance Of Gas Pipeline Network.

2)Fiber Cable Projects (7.5% Rev)✅

3)Renting of Construction Machineries and vehicles (2.5% Rev)✅

1)Gas pipeline projects:- These include the laying of pipelines for the distribution of city gas network and the construction of associated facilities such as CNG (compressed natural gas) stations, the construction, installation, testing, and commissioning of underground pipelines, maintenance, and repair facilities, the construction and installation of gas stations and their physical infrastructure such as pipelines, valves and stations required to carry out the works in accordance with the scope and specifications of the project. The company also provides comprehensive operation and maintenance services to city gas distribution companies(CGD).💫

2)Fiber optic cable projects: This involves the development of special cables for the transmission of data using light signals.💫

3)Rental of construction machinery and vehicles: This includes the rental of construction machinery and vehicles to subcontractors for specific projects.💫

▪️Company serves both in the public and private sectors.💫

▪️Over the years, it has successfully executed more than 50 projects✅ and its major completed projects quantify to approximately Rs. 127.08 cr✅.(Outstanding order book is 250Cr🔥)

📌Awards and achievements:-🔥
➢ Received Certificate of Recognition for exceptional contribution towards HSEF from JIO.(2016)

➢Received Certificate of Achievement for excellent performance in showcasing the highest level of HSE compliance and being a privileged winner of Green Gap from Adani Total Gas .(2021)✅

➢Achieved a engineering accomplishment of 1200-meter river pipeline crossing for Torrent Gas Pvt Ltd in Gorakhpur, revolutionizing city gas distribution infrastructure.(2021)🔥🔥

➢Achieved a significant milestone by installing more than 100 kilometers of high-pressure steel pipelines across India, catering to various city gas companies needs.(2022)🔥🔥

📌📌
▪️IPO price: Rs.63
▪️IPO size: 14.16Cr
▪️CMP: Rs.152
▪️Market cap: 126 Cr
▪️P/E: 29✅
▪️EPS:5.09
▪️ROE: 57%
▪️ROCE: 25%
▪️RoNW: 44.09%
▪️Permanent employees:512
▪️Debt/Equity:2.18
▪️Assets: 43.45Cr
▪️Total Borrowing: 19.90Cr (Reserves and Surplus:5.4Cr)
▪️Cash and cash equivalents:3.5Cr
▪️Share Holding Pre Issue: 99.99%
▪️Share Holding Post Issue: 73.03%

📌FINANCIALS:
▪️FY24-7M Rev: 34.5 Cr🔥
▪️FY24-7M PAT: 2.47 Cr🔥
▪️FY23 revenue is 49.6 Cr as compared to 43.9 Cr(FY22), 13%✅ growth yoy.
▪️FY23 PAT is 3.52 Cr as compared to 1.79 Cr(FY22), 97%✅ growth yoy.
▪️76%🔥 growth in revenue in last 2 years.
▪️180%🔥 growth in PAT in last 2 years.

(PAT margins of 4.52% (FY21), 4.09% (FY22), 7.12% (FY23), 7.20% (7M-FY24)✅)

📌IPO funds:
from the net proceeds, it will utilize Rs. 9.50 cr. for working capital, and Rs. 3.24 cr. for general corporate purposes.

📌PEERS:
As per the offer document, the company has shown Likhitha Infra as their listed peers. It is trading at a P/E 16.1 (as of February 02, 2024). However, they are not comparable on an apple-to-apple basis.

📌CLIENTS:🔥
(pls check the photos i added in my tweet, id name Sjogi.)

📌SECTOR GROWTH:
▪️In Union Budget 2023-24, the government has given a massive push to the infrastructure sector by allocating ₹11.11 lakh crore to enhance the infrastructure sector.🔥

▪️The government expanded the ‘National Infrastructure Pipeline (NIP)’ to 9,335 projects. 217 projects worth ₹ 1.10 lakh crore (US$ 15.09 billion) were completed as of 2020.✅

▪️As of July 09, 2021, cities under Smart Cities Mission(SCM) have released tenders for 6,017 projects worth ₹ 1,80,873 crore (US$ 24.36 billion); of this, work orders have been issued in 5,375 projects worth ₹ 1,49,251 crore (US$ 20.10 billion); and of these, 2,781 projects worth ₹ 48,150 crore (US$ 374.60 million) have been completed.✅

▪️Private investment into physical and social infrastructure is key to putting India in a high growth trajectory, which will make it a US$ 5 trillion economy by 2024-25.

▪️Few report projects an average annual growth rate of over 8% in India's natural gas demand, between 2022 and 2026.💫

📌STRENGTH:
➢Experienced Promoter and Management Team(promoters have combined experience of 24 years✅ in the industry)

➢Robust infrastructure and effective project execution.✅

➢Established long-term client relationships and driving repeat business.

➢Compliance and Safety Culture.

➢Customer Focus.

➢Optimal Utilization of Resources.

📌FUTURE PLAN:
▪️Expanding Operations Nationwide.💫

▪️Continuing Client Relationship Development and Expansion.💫

▪️Expanding Operation & Management Services.

▪️Enhancing Working Capital Management:

📌Disclosure: Not a buy/sell recommendation. only for study and education purpose. Please consult your financial advisor before investing. Please stop investing blindly.

60% returns in 10 days.

some Big players entered thats why it is hitting UC daily.

yes. Suddenly today approx 10Lac buy orders, till yday it used to be 1.5/2 lac orders.

Yday i posted a small msg, but somehow it didn't get posted, or someone might have deleted

or they may come up wid new ipo in future for green hydrogen. y merge companies when u can hav both if them listed.
Green hydrogen name can get good response.

📌Added RudraGas enterprise yesterday for long term.
▪️ Company has order book of 250Cr✅ and mkt cap is only 120Cr.
➡️Their Green Hydrogen generation😮 pilot project is completed.(will post detailed info soon)
▪️Gas pipeline Sector is growing rapidly.
📍It may touch 230-250 in short time.🔥

▪️Will post detailed analysis soon.

Disclosure: Not a buy/sell recommendation. only for study and education purpose. Please consult your financial advisor before investing. Please stop investing blindly

Big UC😲🔥🔥

​@SJogi sir, any new news in counter as it’s 10 lakhs plus buyers at UC?

Any view on Precision Metalike sme.... holding since ipo..... sorry for other stock query but if any one have any view on this stock than plz reply

​@SJogi Can I hold for next 2 days ? Or shud I quit ? Holding 1@134 today.

It may cross 200-240 in short time!
Will post detailed analysis today!
Then u may take decision accordingly 🙏🙏

almost all the flippers sold today, only few remaining!
will add more lots tomorrow for long term.

We had jittery start, but the stock held on to UC most of the day. More than 13 L stock got traded. If we add up daily volumes, and assuming flippers (accumulates) haven't sold today, most of the weak hands might have exited by now. So, we may not necessarily see a repeat of swan agro in this stock. Experts , eager to know your analysis, to make final hold / sell decision.

Contrary to what I said, flippers seem to have also squared off most of their open positions today. Net buying through all bulk deals since the listing is just 108 lots. Can someone explain what might be going on here ? Are they just flipping for some quick profit ? And not trying to accumulate sharesfor long term ?

IMO, The share has potential to touch around 200, seeing the growth in financials, smaller size of issue, nature of business and its prospects for growth. Already has big orders in hand. But price can be manipulated by operators, either way.

Again flippers bought around 1.88L shares! Now they hold nearly 50% of free float😂
They may dump on Monday

Told u✅

Again UC....I think ye 200 par jayega

i think all the stock went to flipper group. let see bulk deal.

Just want to know how this company is to hold for 3-6 months? Please comment @SJogi @lokes and other experts.

Company is good! But flippers got 8L shares (nearly 35% of free float) yesterday and they will dump anytime!
Stock was good to add near 90-100₹.
But flippers are not allowing retailers to buy and only increasing price, i hope they don’t destroy it like swanagro!
PE is 26 now so i think it will consolidate for some time !
But company is good✅

Don't know whats going wrong not showing in Zerodha kite.
After logout after updation as well not showing