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Reetech International Cargo IPO is a fixed price issue of ₹11.71 crores. The issue is a combination of fresh issue of 0.06 crore shares aggregating to ₹6.27 crores and offer for sale of 0.05 crore shares aggregating to ₹5.43 crores.
Reetech International Cargo IPO bidding started from Sep 27, 2022 and ended on Sep 29, 2022. The allotment for Reetech International Cargo IPO was finalized on Oct 4, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Reetech International Cargo IPO price is ₹105.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,52,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Reetech International Cargo IPO RHP for detailed Information.
| IPO Date | September 27, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 11,14,800 shares (aggregating up to ₹11.71 Cr) |
| Reserved for Market Maker | 56,400 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.5922 Cr) |
| Fresh Issue (Ex Market Maker) | 5,41,200 shares (aggregating up to ₹5.68 Cr) |
| Offer for Sale | 5,17,200 shares of ₹10 (aggregating up to ₹5.43 Cr) |
| Net Offered to Public | 10,58,400 shares (aggregating up to ₹11.11 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,29,500 shares |
| Share Holding Post Issue | 42,27,100 shares |
Reetech International Cargo IPO offers total 11,14,800 shares. Out of which 5,29,200 (47.47%) allocated to NII, 5,29,200 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 56,400 (5.06%) |
| NII (HNI) Shares Offered | 5,29,200 (47.47%) |
| Retail Shares Offered | 5,29,200 (47.47%) |
| Total Shares Offered | 11,14,800 (100.00%) |
Reetech International Cargo IPO opens on September 27, 2022, and closes on September 29, 2022.
| IPO Open Date | Tue, Sep 27, 2022 |
| IPO Close Date | Thu, Sep 29, 2022 |
| Tentative Allotment | Tue, Oct 4, 2022 |
| Initiation of Refunds | Thu, Oct 6, 2022 |
| Credit of Shares to Demat | Fri, Oct 7, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 29, 2022 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,26,000 |
| Retail (Max) | 1 | 1,200 | ₹1,26,000 |
| HNI (Min) | 2 | 2,400 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 396.17 | 18.99 | 13.98 | 325.06 | 273.21 |
| 31-Mar-21 | 877.78 | 1842.41 | 30.1 | 365.59 | 313.74 |
| 31-Mar-22 | 1727.52 | 11689.1 | 417.29 | 801.06 | 749.21 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Reetech International Cargo IPO is ₹44.39 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.64 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects :
a) Working Capital Requirements
b) General Corporate Purposes.
[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...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543617 |
| NSE Symbol | |
| ISIN | INE0MKO01015 |
| Final Issue Price | ₹105 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹82.00 |
| Low | ₹77.90 |
| High | ₹84.00 |
| Last Trade | ₹83.60 |
Reetech International Cargo & Courier Ltd.
"Sai Kunj"
Civil
Lines
Raipur, Chhattisgarh, 492001
Phone: + 91 7714003800
Email: info@reetechinternational.com
Website: https://reetechinternational.com/
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 is a SME IPO of 11,14,800 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.
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
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, and the minimum amount required for application is ₹1,26,000.
You can apply in Reetech International Cargo IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Monday, October 10, 2022.
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