porated in 1984, 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. Competitive Strengths : Well educated and experienced management, Group Synergies, Location of the Manufacturing Unit.
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| rhetan tmt limited ipo Review, allotment date, subscription and grey market premium(gmp) |
| IPO Size: | 8000000 Equity Shares (aggregating up to ₹56.00 Crore) |
| Bid Lot: | 2000 Equity Shares and in Multiples thereof |
| Price Band: | ₹70.00 |
| Minimum Bid Lot: | 1 Lot (2000 Equity Shares) |
| Minimum Bid Amount (in Rs.): | ₹1,40,000.00 at cut-off price. |
| Maximum Bid Lot: | 7584000 Lot (8000 Equity Shares) |
| Maximum Bid Amount (in Rs.): | ₹53,08,80,000.00 at cut-off price. |
| Name of the Registrar: | ARYAMAN FINANCIAL SERVICES LIMITED |
| Listing on: | BSE |
| Face Value: | ₹ 10 |
| Retail Quota: | Not less than 50% of the Net Issue |
| NII Quota: | Not less than 50% of the Net Issue |
| Emp Quota: | Not less than 0% of the Net Issue |
| Listing Name: | RHETANTMT |
| Above information source: SEBI official site. | |
| Company Name | GMP(grey market Premium) | Kostak Price | Subject to Sauda |
|---|---|---|---|
| ALL IPO GMP (grey market premium) Today and Kostak Price | |||
| Disclaimer: Stock Market investments are subject to market risks, read
all scheme related documents carefully before investing. All the information provided on our
IPO Portal is for Reaserch purpose only. I do not claim any facts, and figure mentioned
here. Source: SmartInvestment |
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RHETAN TMT LIMITED IPO Review
OTHER SIDE OF THE COIN
Recoemdnation : It has posted consistent growth in Top lines for last three fiscals incurred loss In FY20. Sudden jump in bottom line of FY22 is surprising, doubtful and raises eyebrows. A group listed company has a very poor performance. ON valuation front considering P/BV of 4.01 & PE of 65.40. The issue is priced very expensive and investors may give clear avoid to this issue
| IPO Open: | 22 Aug 2022 |
| IPO Close: | 25 Aug 2022 |
| Modification Period: | Post Issue Modification on 26 Aug 2022 from 10.00 am to 11.00 am |
| Cut-off time for UPI Mandate Confirmation: | 26 Aug 2022 from 10.00 am to 11.00 am |
| Allotment Date: | 26 Aug 2022 |
| Refunds Date: | 30 Aug 2022 |
| Credit of Shares to Demat Account: | 01 Sep 2022 |
| IPO Listing Date: | 02 Sep 2022 |
| Above information source: SEBI official site. | |
| BSE: | |||||
|---|---|---|---|---|---|
| QIB (in Equity Share) | - | ||||
| NII (in Equity Share) | - | ||||
| Retail (in Equity Share) | - | ||||
| Others (in Equity Share) | - | ||||
| Total (in Equity Share) | - | ||||
| Information source: BSE official site. | |||||
RHETAN TMT LIMITED Company issue offer 8000000 Equity Shares (Approximately up to ₹56.00 Crore) IPO was subscribed more than times on the this day of the bidding process. Bids were received for crore equity shares against an offer size of equity stocks as per Bombay stock Exchange (BSE).
The portion reserved for retail investors was subscribed times, qualified institutional buyers category was subscribed times and non-institutional category received times subscription.
Price band has been fixed at ₹70.00 per equity share for the initial share-sale.
Where to check ipo allotment status for RHETAN TMT LIMITED?
After garnering a massive response from investors, the Initial public offering (IPO) of RHETAN TMT LIMITED is likely to be up for allotment on 26 Aug 2022 day.
Check IPO Allotment
There are two official way to check RHETAN TMT LIMITED IPO allotment status,
- BSE official site
- IPO registrar's website