Rudra Gas Enterprise IPO: Issue Subscribed 344.74 times on Day 3

Rudra Gas Enterprise started the subscription status for its IPO on February 8, 2024, and will close it on February 12, 2024. The IPO aims to raise around Rs 14.16 crores. The retail quota constitutes 50%, while NII comprises the remaining 50%. The company set the price band for the IPO at Rs 63 per equity share.

The minimum market lot for the Rudra Gas Enterprise IPO is 2000 shares, with a required application amount of Rs 1,26,000.

About the company

Rudra Gas Enterprise, involved in various facets of the infrastructure sector, specializes in gas distribution network projects, fiber cable networks, and the rental of construction machinery and vehicles. The company offers end-to-end solutions for the city gas distribution sector. It is expertise in pipeline construction, civil works, and the operation and maintenance of pipeline networks in city gas distribution.

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Subscription Status

On the final day of the subscription, investors booked the IPO 344.74 times. The retail portion booked 392.88 times, and the NII portion subscribed 286.10 times.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.