Rhetan TMT Limited IPO
BSE SME₹140,000 / 2000 Shares
Rhetan TMT Limited IPO Details
The Rhetan TMT Limited IPO price band is set between ₹70 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 22 Aug, 2022 and closes on 25 Aug, 2022. Investors can check the allotment status on 1 Sep, 2022, while the listing date is tentatively scheduled for 5 Sep, 2022.
The total issue size is 8,000,000 shares of ₹10 , aggregating up to ₹56.00 Cr. Stay tuned for the latest Rhetan TMT Limited IPO review and GMP updates.
Rhetan TMT Limited IPO Review, Rating & Analysis
Rhetan TMT Limited IPO Review
NO REVIEWRhetan TMT Limited IPO Rating
Rhetan TMT Limited IPO Highlights
IPO Date
Aug 22, 2022 - Aug 25, 2022
Listing Date
5 Sep, 2022
Face Value
₹10 Per Equity Share
Price Band
₹70 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Rhetan TMT Limited IPO Lot Size
The minimum market lot for Rhetan TMT Limited IPO is 2000 shares with an application amount of ₹1,40,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,80,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16000 | ₹11,20,000 |
Rhetan TMT Limited IPO Timeline
Issue Price
₹70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Aryaman Financial Services limitedIssue Size
8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr)#Fresh Issue: 8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr)Rhetan TMT Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Mar 22 | 5900.06 | 6703.45 | 234.57 | - | - | - |
| 31 Mar 21 | 3980.65 | 5213.01 | 13.44 | - | - | - |
| 31 Mar 20 | 3046.86 | 2008.26 | (58.04) | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Ashoka Metcast Limited
- Shalin Shah
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.62% | 62.12% |
About Company
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.
Rhetan TMT Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,792,000 | 3,792,000 | 7,584,000 |
Day 1 -22-08-22 06:00 PM | 2.10 x | 0.13 x | 1.12 x |
Day 2 -23-08-22 06:00 PM | 2.10 x | 0.32 x | 1.21 x |
Day 3 -24-08-22 06:00 PM | 2.11 x | 0.53 x | 1.32 x |
Day 4 -25-08-22 06:00 PM | 2.18 x | 0.76 x | 1.47 x |
Frequently Asked Questions about Rhetan TMT Limited IPO IPO
When will Rhetan TMT Limited IPO open for subscription?
The Rhetan TMT Limited IPO opens on 22 Aug, 2022 and closes on 25 Aug, 2022.
What is the investors portion for Rhetan TMT Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 3792000.
How to apply for Rhetan TMT Limited IPO?
You can apply for Rhetan TMT Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Rhetan TMT Limited IPO?
The issue size of Rhetan TMT Limited IPO is approx ₹8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr)#Fresh Issue: 8,000,000 shares of ₹10 (aggregating up to ₹56.00 Cr) crores.
What is the price band of Rhetan TMT Limited IPO?
The price band for Rhetan TMT Limited IPO is ₹70 per equity share to ₹undefined.
What is the lot size of Rhetan TMT Limited IPO?
The minimum bid (lot size) for Rhetan TMT Limited IPO is N/A shares with an investment of approx ₹140,000 .
What is the allotment date of Rhetan TMT Limited IPO?
The allotment date for Rhetan TMT Limited IPO is 1 Sep, 2022.
What is the listing date of Rhetan TMT Limited IPO?
The listing date for Rhetan TMT Limited IPO is expected to be 5 Sep, 2022.
What is the GMP of Rhetan TMT Limited IPO?
The latest Grey Market Premium (GMP) for Rhetan TMT Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.