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Rhetan TMT Limited IPO (Rhetan TMT IPO) Detail

Aug 22, 2022 - Aug 25, 2022

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.

Competitive Strengths :

  1. Well educated and experienced management.
  2. Group Synergies
  3. Location of the Manufacturing Unit

Company Financials

Rhetan TMT Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203046.862008.26-58.0430.21-311.65
31-Mar-213980.655213.0113.44783.65-298.21
31-Mar-225900.066703.45234.572313.211046.35
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:

1. Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat - 382715

2. Funding Working capital requirements

3. General Corporate Purpose

Rhetan TMT IPO Details

Rhetan TMT IPO Date Aug 22, 2022 to Aug 25, 2022
Rhetan TMT IPO Face Value ₹10 per share
Rhetan TMT IPO Price ₹70 per share
Rhetan TMT IPO Lot Size 2000 Shares
Issue Size8,000,000 shares of ₹10
(aggregating up to ₹56.00 Cr)
Fresh Issue8,000,000 shares of ₹10
(aggregating up to ₹56.00 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 Promoters

Ashoka Metcast Limited and Shalin Shah are the company promoters.

Rhetan TMT IPO Timeline (Tentative Timetable)

Rhetan TMT IPO opens on Aug 22, 2022, and closes on Aug 25, 2022. The Rhetan TMT IPO bid date is from Aug 22, 2022 10.00 A.M. to Aug 25, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Rhetan TMT IPO Opening Date Aug 22, 2022
Rhetan TMT IPO Closing Date Aug 25, 2022
Basis of Allotment Aug 30, 2022
Initiation of Refunds Sep 1, 2022
Credit of Shares to Demat Sep 2, 2022
Rhetan TMT IPO Listing Date Sep 5, 2022

Rhetan TMT IPO Lot Size

The Rhetan TMT IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹140,000
Retail (Max) 1 2000 ₹140,000

Rhetan TMT IPO Promoter Holding

Pre Issue Share Holding 99.62%
Post Issue Share Holding 62.12%

Rhetan TMT IPO Review

Though the company’s top line shows growth, the sudden boost in margins for FY22 raises eyebrows. The segment is highly competitive and fragmented. Two listed group companies have not fared up to the mark. The issue is priced aggressively and hence there is no harm in giving it a miss. Read detail review...


Rhetan TMT IPO Subscription Status (Bidding Detail)

The Rhetan TMT IPO is subscribed 1.47 times on Aug 25, 2022 5:41:00 PM. The public issue subscribed 0.76 times in the retail category, times in the QIB category, and 2.18 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.18
Retail0.76
Total1.47

Rhetan TMT IPO Prospectus

Rhetan TMT IPO Rating

126
3.1
Rating:Rated 3.1 stars
Vote Here ...

Rhetan TMT IPO Listing Date

Listing Date Monday, September 5, 2022
BSE Script Code 543590
NSE Symbol
Listing In MT Group of Securities
ISIN INE0KKN01011
IPO Price ₹70 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹70.00
₹70.00
₹66.50
₹72.00
₹66.50

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 Review

Rhetan TMT IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 7

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Rhetan TMT IPO FAQs

Rhetan TMT IPO is a SME IPO of 8,000,000 equity shares of the face value of ₹10 aggregating up to ₹56.00 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Aug 22, 2022, and closes on Aug 25, 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 Rhetan TMT IPO using UPI as a payment gateway. Zerodha customers can apply in Rhetan TMT IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Rhetan TMT 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 'Rhetan TMT 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 Rhetan TMT IPO opens on Aug 22, 2022 and closes on Aug 25, 2022.

Rhetan TMT IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Rhetan TMT 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 Rhetan TMT IPO will be done on Aug 30, 2022, and the allotted shares will be credited to your demat account by Sep 2, 2022. Check the Rhetan TMT IPO allotment status.

The Rhetan TMT IPO listing date is on Monday, September 5, 2022.
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