Rudra Gas Enterprise Ltd - IPO

Rudra Gas Enterprise Ltd IPO Details

Public issue of 2248000 equity shares of face value of Rs. 10/- each of Rudra Gas Enterprise Limited (RGEL) or the Company or the Issuer) for cash at a price of Rs. 63/- per equity share including a share premium of Rs. 53/- per equity share (the Issue Price) aggregating to Rs. 14.16 crores (The Issue), of which 116000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 63/- per equity share including a share premium of Rs. 53/- per equity share aggregating to Rs. 0.73 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 2132000 equity shares of face value of Rs. 10/- each at a price of Rs. 63/- per equity share including a share premium of Rs. 53/- per equity share aggregating to Rs. 13.43 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.96% and 25.57% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 63. The issue price is 6.3 times of the face value.

Objective of issue

To meet working capital requirements. General corporate purposes.

Rudra Gas Enterprise Ltd Contact Details

Rudra Gas Enterprise Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@rudragasenterprise.com

Website - www.rudragasenterprise.com