Rhetan TMT Limited IPO
BSE SMEListed On: Sep 5, 2022 at ₹ 70.0
₹ 280000 /4000 Shares
*Min Investment
22 Aug, 2022
Open Date25 Aug, 2022
Close Date01 Sep, 2022
Allotment Date05 Sep, 2022
Listing DateIPO Issue Details
- Issue Price ₹70 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr)
#Fresh Issue: 8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr) - Listing at BSE SME
- List Price 70.0
- Listing Date 2022-09-05
- Lead Manager Aryaman Financial Services limited
- Registrar Bigshare Services Pvt Ltd
IPO Details
- Retail Portion N/A
IPO Details
Rhetan TMT Limited IPO is an SME IPO, priced at ₹70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Aug 22, 2022 to Aug 25, 2022. The allotment is expected to be finalized on Sep 1, 2022, and the tentative listing date is Sep 5, 2022.
The registrar of the IPO is Bigshare Services Pvt Ltd, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,792,000 | 3,792,000 | 7,584,000 |
Day 1 22-08-22 06:00 PM | 2.10 x | 0.13 x | 1.12 x |
Day 2 23-08-22 06:00 PM | 2.10 x | 0.32 x | 1.21 x |
Day 3 24-08-22 06:00 PM | 2.11 x | 0.53 x | 1.32 x |
Day 4 25-08-22 06:00 PM | 2.18 x | 0.76 x | 1.47 x |
Valuations
Company Financials
| 30-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|
| Assets | 5900.06 | 3980.65 | 3046.86 |
| Revenue | 6703.45 | 5213.01 | 2008.26 |
| Profit After Tax | 234.57 | 13.44 | (58.04) |
About Company
Rhetan TMT Limited manufactures TMT Bars and Round Bars which are primarily used in the construction industry. The company's plant is located in Gujarat and is spread over 15,000 sq. yards. The company's products have been used in the construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat.
Read More- Promoter(s)
Ashoka Metcast Limited
Shalin Shah
Pre Issue Share Holding : 99.62%
Post Issue Share Holding : 62.12%
IPO - Issue Objectives
Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat - 382715
2Funding Working capital requirements
General Corporate Purpose
IPO - FAQs
Ans. Rhetan TMT Limited IPO is a SME IPO. The issue is priced at ₹70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Aug 22, 2022, and closes on Aug 25, 2022. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Rhetan TMT Limited IPO opens on Aug 22, 2022 and closes on Aug 25, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Rhetan TMT Limited IPO is 8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr) #Fresh Issue: 8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr).
Ans. The Rhetan TMT Limited IPO price band is set between ₹70 per equity share.
Ans. To apply for Rhetan TMT Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rhetan TMT Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Rhetan TMT Limited IPO is Sep 1, 2022.
Ans. The Rhetan TMT Limited IPO will be listed on Sep 5, 2022.
Ans. Follow the steps to check the Rhetan TMT Limited IPO allotment status online.
