KVSP Rhetan TMT IPO GMP, Price, Review, Allotment & Analysis
Written by Lucky Wilson | KJMM.COM on August 16, 2022
Rhetan TMT IPO date is fixed, The IPO is to open on August 22 and will close on August 25, 2022. Rhetan TMT Limited company is a manufacturer of TMT Bars and Round Bars. Their products are used in the construction industry. Rhetan TMT was incorporated in 1984 and is based in Ahmedabad, Gujarat. The company is promoted by Shalin Shah and Ashok Shah. The organization is actively engaged in the manufacturing of premium quality TMT Bars confirming ISI Standards.
Their TMT Bars have much higher Yield Strength (Fe 500 grade) and Tensile Strength values as compared to normal bars. The Round bars are manufactured using high-quality mild steel, these bars are in adherence with international quality standards. The plan is spread over 15000 square yards located in Gujarat. The products are mainly used in the construction of dams, bridges, and residential and commercial projects.
Rhetan TMT is a BSE SME IPO to raise ₹56 crores via IPO. The Rhetan TMT IPO price band is fixed at ₹70 with a market lot of 2000 shares. You can check Rhetan TMT IPO subscription status and Rhetan TMT IPO allotment status on their respective pages.
Objects of the Issue:
- Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat – 382715
- Funding Working capital requirements
- General Corporate Purpose
Rhetan TMT IPO Review
| Date |
GMP |
Kostak | Subject to |
| 16 August | ₹- | ₹- | ₹- |
Rhetan TMT IPO Date & Price Band
| Rhetan TMT IPO Open: | August 22, 2022 |
| Rhetan TMT IPO Close: | August 24, 2022 |
| Rhetan TMT IPO Size: | Approx ₹56 Crores, 8,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Rhetan TMT IPO Price Band: | ₹70 Per Equity Share |
| Rhetan TMT IPO Listing on: | BSE SME |
| Retail Quota: | 50% |
| QIB Quota: | -% |
| NII Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Rhetan TMT IPO Market Lot
The Rhetan TMT IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
| Minimum IPO Lot Size: | Minimum 2000 Shares for 1 lot |
| Minimum Amount: | ₹140,000 for 1 lot |
Rhetan TMT IPO Allotment & Listing Dates
The Rhetan TMT IPO date is August 22 and the IPO close date is August 25. The IPO allotment date is August 30 and the IPO might list on September 5.
| Rhetan TMT IPO Open Date: | August 22, 2022 |
| Rhetan TMT IPO Close Date: | August 25, 2022 |
| Basis of Allotment: | August 30, 2022 |
| Refunds: | September 1, 2022 |
| Credit to Demat Account: | September 2, 2022 |
| Rhetan TMT IPO Listing Date: | September 5, 2022 |
Rhetan TMT IPO Form
How to apply Rhetan TMT IPO? You can apply Rhetan TMT IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Rhetan TMT IPO in the Invest section. The other option you can apply Rhetan TMT IPO via IPO forms download via the BSE website. Check out the Rhetan TMT forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Rhetan TMT Company Financial Report
| ₹ in Crores | |||||
| Revenue | Expense | PAT | |||
| 2020 | ₹20.08 | ₹19.98 | ₹0.58 | ||
| 2021 | ₹52.13 | ₹51.95 | ₹0.13 | ||
| 2022 | ₹67.03 | ₹64.16 | ₹2.34 | ||
Rhetan TMT IPO Valuation – FY2022
Check Rhetan TMT IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.00 per Equity Share |
| Price/Earning P/E Ratio: | 35.00 |
| Return on Net Worth (RoNW): | 10% |
| Net Asset Value (NAV): | ₹17.46 per Equity Share |
Peer Group
- Incredible Industries Ltd
- Hariom Pipe Industries Limited
- Supershakti Metaliks Limited
- Kamdhenu Limited
Company Promoters
- Ashoka Metcast Limited
- Shalin Shah
Rhetan TMT IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Rhetan TMT IPO Allotment Status
Check Rhetan TMT IPO allotment status on Bigshare website URL. Click Here
Rhetan TMT IPO Lead Managers
- Aryaman Financial Services limited
Company Address
Rhetan TMT Limited
7th Floor, Ashoka Chambers,
Rasala Marg, Mithakhali,
Ahmedabad- 380006
Phone: 9499850261
Email: [email protected]
Website: http://www.rhetan.com/
Rhetan TMT IPO FAQs
What is Rhetan TMT IPO?
Rhetan TMT IPO is an BSE SME IPO. They are going to raise ₹56 Crores via IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE.
When Rhetan TMT IPO will open?
The IPO is to open on August 22, 2022 for NII, and Retail Investors.
What is Rhetan TMT IPO Investors Portion?
The investors’ portion for QIB is -%, NII is 50%, and Retail is 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 Zerodha?
How to Apply the Rhetan TMT IPO through Upstox?
How to Apply the Rhetan TMT IPO through Paytm Money?
What is Rhetan TMT IPO Size?
Rhetan TMT IPO size is ₹56 crores.
What is Rhetan TMT IPO Price Band?
Rhetan TMT IPO Price Band is ₹70 per equity share.
What is Rhetan TMT IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 shares with ₹140,000.
What is Rhetan TMT IPO Allotment Date?
Rhetan TMT IPO allotment date is August 30, 2022.
What is Rhetan TMT IPO Listing Date?
Rhetan TMT IPO listing date is September 5, 2022. The IPO to list on BSE SME.
Note: The Rhetan TMT IPO details are announced officially. The IPO grey market premium (Rhetan TMT IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
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