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Rhetan TMT IPO

Rhetan TMT Limited Logo

Rhetan TMT IPO incorporated in 1984, 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.

Competitive Strengths :

  1. Well educated and experienced management.
  2. Group Synergies
  3. Location of the Manufacturing Unit

Competitive Strengths :

  1. Well educated and experienced management.
  2. Group Synergies
  3. Location of the Manufacturing Unit

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:

1. Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat – 382715

2. Funding Working capital requirements

3. General Corporate Purpose

IPO Details

Rhetan TMT IPO DateAug 22, 2022 to Aug 25, 2022
Rhetan TMT IPO Face Value₹10 per share
Rhetan TMT IPO Price₹70 per share
Rhetan TMT IPO Lot Size2000 Shares
Issue Size8,000,000 shares of ₹10
(aggregating up to ₹56.00 Cr)
Fresh Issue8,000,000 shares of ₹10
(aggregating up to ₹56.00 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersAshoka Metcast Limited and Shalin Shah are the company promoters.

IPO Timeline

IPO opens on Aug 22, 2022, and closes on Aug 25, 2022. The IPO bid date is from Aug 22, 2022 10.00 A.M. to Aug 25, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Rhetan TMT IPO Opening DateAug 22, 2022
Rhetan TMT IPO Closing DateAug 25, 2022
Basis of AllotmentAug 30, 2022
Initiation of RefundsSep 1, 2022
Credit of Shares to DematSep 2, 2022
Rhetan TMT IPO Listing DateSep 5, 2022

IPO Lot Size

The IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).


IPO Promoter Holding

Pre Issue Share Holding99.62%
Post Issue Share Holding62.12%

IPO Prospectus

Company Contact Information

Rhetan TMT Limited
7th Floor, Ashoka Chambers,
Rasala Marg, Mithakhali,
Ahmedabad- 380006
Phone: 9499850261
Email: [email protected]

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]

IPO Lead Manager

  1. Aryaman Financial Services limited