Rhetan TMT Limited manufactures TMT bars and round bars which are mainly used in the construction industry. The company’s plant is located in Gujarat and is spread over 15,000 square 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
- Location of the Manufacturing Unit
- Well educated and experienced management.
- Group Synergies
Company Promoters
- Ashoka Metcast Limited
- Shalin Shah
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| 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 |
Object Of The Issue
- General Corporate Purpose
- Funding Working capital requirements
- Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat – 382715
Rhetan TMT IPO – Details
| IPO Opening Date | 22 August 2022 |
| IPO Closing Date | 25 August 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹56.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Rhetan TMT IPO – Date Schedule
| IPO Open Date | 22 Aug 2022 |
| IPO Close Date | 25 Aug 2022 |
| Basis of Allotment Date | 30 Aug 2022 |
| Initiation of Refunds | 01 Sep 2022 |
| Credit of Shares to Demat Account | 02 Sep 2022 |
| IPO Listing Date | 05 Sep 2022 |
Rhetan TMT IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,40,000 |
| Maximum | 1 | 2000 | 1,40,000 |
Rhetan TMT IPO Promoter Holding
| Pre Issue Share Holding | 99.62% |
| Post Issue Share Holding | 62.12% |
Rhetan TMT IPO Prospectus
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/ |
Rhetan TMT IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Rhetan TMT IPO Lead Manager(s)
| 1. Aryaman Financial Services limited |
Rhetan TMT IPO FAQs
| What is Rhetan TMT IPO? Rhetan TMT IPO is a SME IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE SME. |
| When Rhetan TMT IPO will open? The IPO is to open on 22 August 2022 for NII and Retail Investors. |
| What is Rhetan TMT IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Apply the Rhetan TMT IPO? You can apply Rhetan TMT IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rhetan TMT IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rhetan TMT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rhetan TMT IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rhetan TMT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rhetan TMT IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rhetan TMT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rhetan TMT IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rhetan TMT”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rhetan TMT IPO Size? Rhetan TMT IPO size is ₹56.00 crores. |
| What is Rhetan TMT IPO Price Band? Rhetan TMT IPO Price Band is ₹70. |
| What is Rhetan TMT IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000. |
| What is the Rhetan TMT IPO Allotment Date? Rhetan TMT IPO allotment date is 30 August 2022. |
| What is the Rhetan TMT IPO Listing Date? Rhetan TMT IPO listing date is 05 September 2022. The IPO is to list on BSE SME. |
