Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Tue, Sep 27, 2022 - Thu, Sep 29, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 27, 2022
IPO Close
Thu, Sep 29, 2022
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹44.39 Cr
| IPO Date | 27 to 29 Sep, 2022 |
| Listed on | Mon, Oct 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,14,800 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 56,400 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.5922 Cr) |
| Fresh Issue (Ex Market Maker) | 5,41,200 shares (agg. up to ₹6 Cr) |
| Offer for Sale | 5,17,200 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 10,58,400 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 36,29,500 shares |
| Share Holding Post Issue | 42,27,100 shares |
| BSE Script Code | 543617 |
| ISIN | INE0MKO01015 |
Reetech International Cargo IPO comprises a total issue size of 11,14,800 shares. The net offer to the public is 10,58,400 shares, after excluding 56,400 shares allotted on a firm basis. Of the Net offer 5,29,200 (50.00%) allocated to NII 5,29,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,29,200 | 50.00% | 47.47% |
| Retail Shares Offered | 5,29,200 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 56,400 | 5.06% | |
| Total Shares Offered | 11,14,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 17.28 | 8.78 | 3.96 |
| Total Income | 116.89 | 18.42 | 0.19 |
| Profit After Tax | 4.17 | 0.30 | 0.14 |
| NET Worth | 8.01 | 3.66 | 3.25 |
| Reserves and Surplus | 7.49 | 3.14 | 2.73 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 5.51 |
| 2 | General Corporate Purposes | 1.51 |
| KPI | |
|---|---|
| ROE | 71.54 |
| ROCE | 72.81 |
| RoNW | 52.09 |
| PAT Margin | 3.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.50 | |
| P/E (x) | 10.64 | |
| Promoter Holding | 99.99% | 73.62% |
| Market Cap | ₹44.39 Cr. |
The Reetech International Cargo IPO is subscribed 1.67 times on September 29, 2022 6:59:00 PM (Day 3). The public issue subscribed 1.92 times in the retail category, [.] times in the QIB category, and 1.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.43 | 5,29,200 | 7,58,400 |
| Retail | 1.92 | 5,29,200 | 10,14,000 |
| Total | 1.67 | 10,58,400 | 17,72,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.26 |
| 2 | Market Making Fees | 0.04 |
| 3 | Fees payable to Registrar to Issue | 0.01 |
| 4 | Fees to Legal Advisor | 0.01 |
| 5 | Advertisement Expenses | 0.01 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.02 |
| 7 | Printing & Distribution Expenses | 0.01 |
| 8 | Marketing & Selling Expenses | 0.01 |
| 9 | Payment to Sponsor Bank | 0.01 |
| 10 | Statutory & Other Reports | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹82.00 |
| Low | ₹77.90 |
| High | ₹84.00 |
| Last Trade | ₹83.60 |
Lead Manager Reports
Reetech International Cargo IPO is a SME IPO of 11,14,800 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Sep 27, 2022, and closes on Thu, Sep 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 Tue, Sep 27, 2022 and closes on Thu, Sep 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 Fri, Oct 7, 2022. Check the Reetech International Cargo IPO allotment status.
The Reetech International Cargo IPO listing date is on Mon, Oct 10, 2022.
