Reetech International Cargo IPO Detail
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 Promoters
Mr. Mahendra Ahuja and Ms. Roma AhujaIPO Details
| IPO Opening Date | Sep 27, 2022 |
| IPO Closing Date | Sep 29, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹108 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹11.71 Cr |
| Fresh Issue | ₹6.27 C |
| Offer for Sale | ₹5.43 Cr |
| Retail Portion | 50% |
IPO Tentative Timetable
The Reetech International Cargo IPO open date is Sep 27, 2022, and the close date is Sep 29, 2022. The issue may list on Oct 10, 2022.
| IPO Open Date | Sep 27, 2022 |
| IPO Close Date | Sep 29, 2022 |
| Basis of Allotment Date | Oct 04, 2022 |
| Initiation of Refunds | Oct 06, 2022 |
| Credit of Shares to Demat Account | Oct 07, 2022 |
| IPO Listing Date | Oct 10, 2022 |
IPO Lot Size
The Reetech International Cargo IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹129600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹129600 |
| Maximum | 1 | 1200 | ₹129600 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.62% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 396.17 | 18.99 | 13.98 |
| 31-Mar-21 | 877.78 | 1842.41 | 30.1 |
| 31-Mar-22 | 1727.52 | 11689.1 | 417.29 |
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 Registrar:
Bigshare Services Pvt Ltd
Reetech International Cargo IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd
Company Contact Information:
Reetech International Cargo
Reetech International Cargo and Courier Ltd
Raipur
492001
