Reetech International Cargo IPO is a Coal Supplier in India. The company’s diversified product portfolio comprises coal from Indonesia, South Africa, Australia and India, among other origins.
Reetech International Cargo IPO– Overview
| IPO Dates | 27-29 sept 2022. |
| IPO Price | INR 105 per share |
| Fresh issue | 597,600 shares (INR 6.27 crore) |
| Offer For Sale | 1900,000 shares (INR 22.99 crore) |
| Total IPO size | 517,200 shares (INR 5.43 crore) |
| Minimum bid (lot size) | 1200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Reetech International Cargo IPO -Tentative Dates
| IPO Offer Opening Date | 27 September 2022 |
| IPO Closing Date | 29 September 2022 |
| Finalisation of Basis of Allotment | 4 October 2022 |
| Initiation of refunds | 6 October 2022 |
| Transfer of shares to demat accounts | 7 October 2022 |
| IPO Listing Date | 10 October 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Reetech International Cargo IPO is a Coal Supplier in India. The company’s diversified product portfolio comprises coal from Indonesia, South Africa, Australia and India, among other origins.
The company supply the products to customers in various sectors i.e., Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation and Railway.
Initially the Company was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing and Agriculture Products.
Competitive Strengths
- Experience and Track Record.
- Experienced Promoters and Management.
- Repeat Business.
- Location Advantage.
- Satisfied Chain of Vendors.
- Progressive Employer.
Objects of the Issue
- Funding additional Working capital requirements
- General Corporate Purposes
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 1727.52 | 877.78 | 396.17 |
| Total Revenue | 11689.1 | 1842.41 | 18.99 |
| Profit After Tax | 417.29 | 30.1 | 13.98 |
Company Contact Information
Reetech International Cargo and Courier Ltd
Raipur-492001
Phone: + 91 7714003800
Email: info@reetechinternational.com
Website: https://reetechinternational.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager(s)
- Gretex Corporate Services Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
