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Reetech International Cargo and Courier Ltd IPO (Reetech International Cargo IPO) Detail

Sep 27, 2022 - Sep 29, 2022

Incorporated in 2008, Reetech International Cargo and Courier Ltd 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 Strength :

  • Experience and Track Record.
  • Experienced Promoters and Management.
  • Repeat Business.
  • Location Advantage.
  • Satisfied Chain of Vendors.
  • Progressive Employer.

Company Financials

Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20396.1718.9913.98325.06273.21
31-Mar-21877.781842.4130.1365.59313.74
31-Mar-221727.5211689.1417.29801.06749.21
Amount in ₹ Lakhs

Objects of the Issue

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects :

a) Working Capital Requirements

b) General Corporate Purposes.

Reetech International Cargo IPO Details

Reetech International Cargo IPO Date Sep 27, 2022 to Sep 29, 2022
Reetech International Cargo IPO Face Value ₹10 per share
Reetech International Cargo IPO Price ₹105 per share
Reetech International Cargo IPO Lot Size 1200 Shares
Issue Size1,114,800 shares of ₹10
(aggregating up to ₹11.71 Cr)
Fresh Issue597,600 shares of ₹10
(aggregating up to ₹6.27 Cr)
Offer for Sale517,200 shares of ₹10
(aggregating up to ₹5.43 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company PromotersMr. Mahendra Ahuja and Ms. Roma Ahuja are the company promoters.

Reetech International Cargo IPO Timeline (Tentative Timetable)

Reetech International Cargo IPO opens on Sep 27, 2022, and closes on Sep 29, 2022. The Reetech International Cargo IPO bid date is from Sep 27, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Reetech International Cargo IPO Opening Date Sep 27, 2022
Reetech International Cargo IPO Closing Date Sep 29, 2022
Basis of Allotment Oct 4, 2022
Initiation of Refunds Oct 6, 2022
Credit of Shares to Demat Oct 7, 2022
Reetech International Cargo IPO Listing Date Oct 10, 2022

Reetech International Cargo IPO Lot Size

The Reetech International Cargo IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 1200 ₹126,000
Retail (Max) 1 1200 ₹126,000

Reetech International Cargo IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding 73.62%

Reetech International Cargo IPO Review

RICCL has diversified in a highly competitive and fragmented segment. The sustainability of margins reported for FY22 raises concern. Based on this performance, the issue appears reasonably priced. Post-IPO small equity base indicates longer gestation for migration. Cash surplus/risk seekers may consider an investment with a long-term perspective. Read detail review...


Reetech International Cargo IPO Subscription Status (Bidding Detail)

The Reetech International Cargo IPO is subscribed 0.11 times on Sep 27, 2022 4:58:00 PM. The public issue subscribed 0.20 times in the retail category, times in the QIB category, and 0.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.02
Retail0.20
Total0.11

Reetech International Cargo IPO Prospectus

Reetech International Cargo IPO Rating

33
2.7
Rating:Rated 2.7 stars
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Company Contact Information

Reetech International Cargo and Courier Ltd

Raipur
492001
Phone: + 91 7714003800
Email: info@reetechinternational.com
Website: https://reetechinternational.com/

Reetech International Cargo IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Reetech International Cargo IPO Review

Reetech International Cargo IPO Recommendation Summary

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Members 0 1 0

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Reetech International Cargo IPO FAQs

Reetech International Cargo IPO is a SME IPO of 1,114,800 equity shares of the face value of ₹10 aggregating up to ₹11.71 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Sep 27, 2022, and closes on Sep 29, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Reetech International Cargo IPO using UPI as a payment gateway. Zerodha customers can apply in Reetech International Cargo IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Reetech International Cargo IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Reetech International Cargo IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Reetech International Cargo IPO opens on Sep 27, 2022 and closes on Sep 29, 2022.

Reetech International Cargo IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Reetech International Cargo IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Reetech International Cargo IPO will be done on Oct 4, 2022, and the allotted shares will be credited to your demat account by Oct 7, 2022. Check the Reetech International Cargo IPO allotment status.

The Reetech International Cargo IPO listing date is not yet announced. The tentative date of Reetech International Cargo IPO listing is Oct 10, 2022.
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