Rhetan TMT Limited IPO
BSE SMEListed On: Sep 5, 2022 at ₹ 70.0
₹ 140000 /2000 Shares
Check AllotmentIPO Details
22 Aug, 2022
Open Date25 Aug, 2022
Close Date01 Sep, 2022
Allotment Date05 Sep, 2022
Listing DateIssue Price
₹70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdList Price
70.0Listing Date
2022-09-05Market Lot
2000 Shares (₹140,000/-)Lead Manager
Aryaman Financial Services limitedIssue Size
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)
Retail Portion
N/ASubscription
1.47 timesIPO Subscription 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
Earnings Per Share (EPS)
₹2.00/-P/E Ratio
35RoNW
10%Net Asset Value (NAV) - Post Issue
₹17.46/-Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 99.62%
Post Issue Share Holding: 62.12%
Company Promoter(s)
- Ashoka Metcast Limited
- Shalin Shah
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. 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 IPO price band is set between ₹70 per equity share.
Ans. To apply for Rhetan TMT Limited IPO 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 allotment status for Rhetan TMT Limited IPO here.
