Rhetan TMT IPO manufactures TMT Bars and Round Bars which are primarily used in the construction industry.
Rhetan TMT IPO – Overview
| IPO Dates | 22- 25 Aug 2022 |
| IPO Price | INR 70 per share |
| Fresh issue | 8,000,000 shares (INR 56 crore) |
| Offer For Sale | Nil |
| Total IPO size | 8000,000 shares (INR 56 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Rhetan TMT IPO -Tentative Dates
| IPO Offer Opening Date | 22 August 2022 |
| IPO Closing Date | 25 August 2022 |
| Finalisation of Basis of Allotment | 30 August 2022 |
| Initiation of refunds | 01 September 2022 |
| Transfer of shares to demat accounts | 02 September 2022 |
| IPO Listing Date | 05 September 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
Strengths:
- Well educated and experienced management.
- Group Synergies
- Location of the Manufacturing Unit.
Objects of the Issue
- Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat – 382715
- Funding Working capital requirements
- General Corporate Purpose.
Company Financials
| Particulars | 31-March-22 | 31-March -21 | 31-March-20 |
| Total Assets | 5900.06 | 3980.65 | 3046.86 |
| Total Revenue | 6703.45 | 5213.01 | 2008.26 |
| Profit After Tax | 234.57 | 13.44 | -58.04 |
Company Contact Information
Rhetan TMT Limited
7th Floor, Ashoka Chambers,
Rasala Marg, Mithakhali,
Ahmedabad- 380006
Phone: 9499850261
Email: rhetantmt@gmail.com
Website: http://www.rhetan.com/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
