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

September 27, 2022 - September 29, 2022

Reetech International Cargo IPO is a fixed price issue of Rs 11.71 crores. The issue is a combination of fresh issue of 5.98 lakh shares aggregating to Rs 6.27 crores and offer for sale of 5.17 lakh shares aggregating to Rs 5.43 crores.

Reetech International Cargo IPO bidding started from September 27, 2022 and ended on September 29, 2022. The allotment for Reetech International Cargo IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.

Reetech International Cargo IPO price is ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000.

Gretex Corporate Services Limited is the book running lead manager of the Reetech International Cargo IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Reetech International Cargo IPO RHP for detailed information.

Reetech International Cargo IPO Details

IPO Date September 27, 2022 to September 29, 2022
Listing Date October 10, 2022
Face Value ₹10 per share
Price ₹105 per share
Lot Size 1200 Shares
Total Issue Size1,114,800 shares
(aggregating up to ₹11.71 Cr)
Fresh Issue597,600 shares
(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
Market Maker portion56,400 shares

Reetech International Cargo IPO Reservation

Reetech International Cargo IPO offers 1,114,800 shares. 529,200 (47.47%) to NII, 529,200 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered56,400 (5.06%)
Other Shares Offered529,200 (47.47%)
Retail Shares Offered529,200 (47.47%)
Total Shares Offered1,114,800 (100%)

Reetech International Cargo IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, September 27, 2022
IPO Close Date Thursday, September 29, 2022
Basis of Allotment Tuesday, October 4, 2022
Initiation of Refunds Thursday, October 6, 2022
Credit of Shares to Demat Friday, October 7, 2022
Listing Date Monday, October 10, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 29, 2022

Reetech International Cargo IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹126,000
Retail (Max) 1 1200 ₹126,000
HNI (Min) 2 2,400 ₹252,000
Lot Size Calculator

Reetech International Cargo IPO Promoter Holding

Mr. Mahendra Ahuja and Ms. Roma Ahuja are the company promoters.
Share Holding Pre Issue 99.99%
Share Holding Post Issue 73.62%

About Reetech International Cargo and Courier Ltd

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

Key Performance Indicator

The market capitalization of Reetech International Cargo IPO is Rs 44.39 Cr.

Pre IPO Post IPO
P/E (x) 10.64

Objects of the Issue (Reetech International Cargo IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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 1.67 times on September 29, 2022 6:59:00 PM. The public issue subscribed 1.92 times in the retail category, times in the QIB category, and 1.43 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.43
Retail1.92
Total1.67

Reetech International Cargo IPO Prospectus

Reetech International Cargo IPO Rating

45
2.7
Rating:Rated 2.7 stars
Vote Here ...

Reetech International Cargo IPO Listing Details

Listing Date October 10, 2022
BSE Script Code 543617
NSE Symbol
ISIN INE0MKO01015
Final Issue Price ₹105 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹105.00
₹82.00
₹77.90
₹84.00
₹83.60

Check IPO Performance…

Reetech International Cargo and Courier Ltd Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

Reetech International Cargo IPO - Buy or Not

Reetech International Cargo IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
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 September 27, 2022, and closes on September 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 September 27, 2022 and closes on September 29, 2022.

Reetech International Cargo IPO lot size is 1200 Shares, and the minimum amount required is ₹126,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Reetech International Cargo IPO listing date is on October 10, 2022.
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Reetech International Cargo IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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101 Comments

44. Mrsojitra |   Link |  Bookmark |November 10, 2022 8:11:30 AM
Plz share results of company @mravichandran sir.
43. VijayGupta |   Link |  Bookmark |October 24, 2022 8:33:12 PM
Exit today at 89.7
42. ADP |   Link |  Bookmark |October 20, 2022 12:27:23 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Bro.Ye Sme hai Resk le sakte ho to hi Enter ho warna Dur raho isme koi Fundamental kam nahi hota Sirf aur Sirf Only Opreter Game.
41. sahab |   Link |  Bookmark |October 19, 2022 11:27:37 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
again uc in reetech
40. GSMR |   Link |  Bookmark |October 17, 2022 1:44:15 PM
Going down, with very low volume. No buying seen.
How long to hold, having 3 lots at avg of 81
40.2. GSMR |   Link |  Bookmark |October 17, 2022 3:51:50 PM
In SME IPOs if a stock lists at more than 10% discount then what are the chances that it will come back up
40.3. GSMR |   Link |  Bookmark |October 17, 2022 3:56:11 PM
I have rarely seen such stocks coming back up, however exceptions are there like Markolines, DU Digital etc.

But I feel this is not the right time to enter this stock. May be after the half yearly results are posted investors may get some insights.
39. sahab |   Link |  Bookmark |October 13, 2022 12:58:16 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@ravi chandra sir
reetech in lc
what stargery every do
39.2. sahab |   Link |  Bookmark |October 14, 2022 11:00:13 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@ravichandra sir
thanks sir
39.3. Takamichi |   Link |  Bookmark |October 16, 2022 3:25:36 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
लोग हर मोड़ पे रुक रुक के सँभलते क्यूँ हैं
इतना डरते हैं तो फिर घर से निकलते क्यूँ हैं
@sahab it's stock matket it will have down movements too.... Can't be one way ticket ..... And morever it's sme so it will have its own course..... 3-4 month it can be around 60-70-80 range and suddenly some days there would be movement and it would be 150....u never know ...... U have to decide if u wanna stay invested or move on.....stay invested if u can and if u find any better investment opportunity in which u can cover the loss here than sure sell it and do that but u know the next investment will have it own risk..... So u anyway have made the loss in it...... See it for some time it will show some recovery.....
38. svh |   Link |  Bookmark |October 10, 2022 2:35:37 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
65 level can be breached in short term.
Gretex's greatest discount listing issue.

This is Mini Bhatia colour.
🙏👍
38.2. svh |   Link |  Bookmark |October 10, 2022 3:20:47 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Bhatia colour today trading at +17%
🙏👍
38.3. svh |   Link |  Bookmark |October 13, 2022 10:44:56 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Take exit from here and shift to swastik.
Swastik seems to be better than reetech.
🙏👍
37. Vinban |   Link |  Bookmark |October 10, 2022 1:52:28 PM
Bought 1 @77.90
37.7. sahab |   Link |  Bookmark |October 11, 2022 12:16:25 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@virban
heavy driver hai bhai
37.8. Vinban |   Link |  Bookmark |October 11, 2022 12:19:31 PM
@sahab haha. na bhai na...LM par faith tha bus..jyada risk nai liya.
36. Takamichi |   Link |  Bookmark |October 11, 2022 10:23:23 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Among all the openings in this ipo mela, this has to be the only one opening in such a high red
35. Nareshkumar |   Link |  Bookmark |October 10, 2022 11:24:46 PM
It will go up
Gradually
34. MRavichandran |   Link |  Bookmark |October 10, 2022 10:25:46 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Bought 24000 shares at 80 Rs, after listing. will hold for one year along with allotments. This will recover being Gretex - LM, my opinion only.

Thanks
34.4. GSMR |   Link |  Bookmark |October 10, 2022 9:36:47 PM
@MRavi
Sir, I can see the block deal in your name for Reetech at avg of 79.31. Are you going to hold it for long term ?
34.5. MRavichandran |   Link |  Bookmark |October 10, 2022 10:09:40 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@GSMR,
Yes, the block deal information is correct. I will not be selling any time soon. my time frame for Reetech is minimum 1 year.

Thanks
33. IProfitO |   Link |  Bookmark |October 10, 2022 6:38:08 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Now a days May apply rating from Dilip sir mostly scaring.Kck,heathy life agritech and now this one .Sold all in losses .
32. sahab |   Link |  Bookmark |October 10, 2022 3:17:52 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
going to hit upper circuit
and stop till 105
32.1. sahab |   Link |  Bookmark |October 10, 2022 3:19:55 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
congratulation those brought at low level and take risk.
31. sahab |   Link |  Bookmark |October 10, 2022 1:39:54 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
huge buying start
@lokes
any uptrend you see in this stock??
31.1. Pratham |   Link |  Bookmark |October 10, 2022 2:33:00 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Tomorrow again lower circuit
30. lokes |   Link |  Bookmark |October 10, 2022 9:57:41 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
Worst listing here....it became the victim of so many ipos opening today....
Even trident life performed much better than this.....as of now i am holding my allotted lot, will see later in sometime how it goes accordingly will decide to sell/hold....
30.4. Value.Investor |   Link |  Bookmark |October 10, 2022 11:45:12 AM
With such down listing, Gretex has put a blot on its good performance so far. Lesson to be learned that past performance of LM is not guarantee of better listing at all time
30.5. Takamichi |   Link |  Bookmark |October 10, 2022 1:00:18 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
And 2nd lesson everybody can't be hem
29. Neon |   Link |  Bookmark |October 10, 2022 12:27:51 PM
Sme ipo kabhi allotment milta nahi. Mila to negative mein list hua. Kya kare hold or sell
28. Gabreil Ramos |   Link |  Bookmark |October 10, 2022 10:16:58 AM
Any chances of recovering ?
Should hold / sell ??😓
27. sahab |   Link |  Bookmark |October 9, 2022 9:42:28 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@lokes
What is your opinion for listing
Sir
27.1. Vnrao |   Link |  Bookmark |October 9, 2022 10:34:09 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Can anyone give the strategy for buying/selling on 10.10.22
27.2. lokes |   Link |  Bookmark |October 9, 2022 10:37:26 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
this company is in logistics sector but mainly in coal supply and previously was in agriculture related business, recent financials are good if genuine so issues looks attractively priced based on that but it looks like more time has to be given here to see the new business growth and sustainability of financials.....it has some OFS portion but still promoter holding will be very good....
for now, it may list around issue price with +- 5% range mostly as per subscriptions and no GMP.....LM is good here and has good track record so i think this can be hold for some months to looks out for better returns, will all depends on future business growth/sustainability....new buying can be done below issue price if available....
26. Pratham |   Link |  Bookmark |October 9, 2022 6:58:35 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
GMP 0
25. Vnrao |   Link |  Bookmark |October 7, 2022 8:15:35 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Monday Market may open gap down, hopefully will recover by 10.00 AM. Several SME IPOs are due to open for trade, hopefully all—except one or two—will list with decent premium.