Rhetan TMT IPO
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 :
- Well educated and experienced management.
- Group Synergies
- Location of the Manufacturing Unit
Competitive Strengths :
- Well educated and experienced management.
- Group Synergies
- Location of the Manufacturing Unit
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 3046.86 | 2008.26 | -58.04 | 30.21 | -311.65 |
| 31-Mar-21 | 3980.65 | 5213.01 | 13.44 | 783.65 | -298.21 |
| 31-Mar-22 | 5900.06 | 6703.45 | 234.57 | 2313.21 | 1046.35 |
| 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 Date | Aug 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 Size | 2000 Shares |
| Issue 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Ashoka 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.
| Event | Date |
|---|---|
| Rhetan TMT IPO Opening Date | Aug 22, 2022 |
| Rhetan TMT IPO Closing Date | Aug 25, 2022 |
| Basis of Allotment | Aug 30, 2022 |
| Initiation of Refunds | Sep 1, 2022 |
| Credit of Shares to Demat | Sep 2, 2022 |
| Rhetan TMT IPO Listing Date | Sep 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).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140,000 |
| Maximum | 1 | 2000 | ₹140,000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.62% |
| Post Issue Share Holding | 62.12% |
IPO Prospectus
Company Contact Information
Rhetan TMT Limited
7th Floor, Ashoka Chambers,
Rasala Marg, Mithakhali,
Ahmedabad- 380006
Phone: 9499850261
Email: [email protected]
Website: http://www.rhetan.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Manager
- Aryaman Financial Services limited
