Rhetan TMT Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

22 Aug 2022

Close Date

25 Aug 2022

Allotment

30 Aug 2022

Listing Date

05 Sep 2022

Exchange

BSE SME

Price Band

₹70

Listing Price

See chart

Allotment Status

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Price Band

₹70

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

80,00,000 shares (aggregating up to ₹56.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

1,32,50,000 shares

Promoters

Post-IPO Holding

2,12,50,000 shares

Promoters

P/E (Pre)

63.64x

UPI Deadline

2022-08-25

Mandate

Anchor AllotmentSun, 21 Aug 2022

Basis of AllotmentTue, 30 Aug 2022

Refund InitiationThu, 01 Sep 2022

Demat CreditFri, 02 Sep 2022

Listing DayMon, 05 Sep 2022

UPI Mandate Deadline2022-08-25

Sale TypeFresh Capital

Net Offer to Public75,84,000 shares (aggregating up to ₹53.09 Cr)

Market Maker Quota4,16,000 shares (aggregating up to ₹2.91 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Rhetan TMT Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Aug 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	416,000	—	₹2.91
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	8,000,000	100%	₹56.00

IPO Shares Offered

Rhetan TMT Ltd. IPO total issue size: ₹56.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	416,000	₹2.91	5.20%
Total	8,000,000	₹56.00	100.00%

* Based on upper price band ₹70 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹70.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹280,000
Retail (Max — 13 Lots)	13	26,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	136,000	₹9,520,000

* Issue Price ₹70 × Lot Size 2,000 shares

IPO Schedule

Anchor

21 Aug 2022

✓ Done

IPO Open

22 Aug 2022

✓ Done

IPO Close

25 Aug 2022

✓ Done

Allotment

30 Aug 2022

✓ Done

Refunds

01 Sep 2022

✓ Done

Demat Credit

02 Sep 2022

✓ Done

Listing Day

05 Sep 2022

✓ Done

₹70.00

INR · BSE

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Issue ₹70.00 Live Price

About Rhetan TMT Ltd.

Incorporated 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 SynergiesLocation of the Manufacturing Unit

Objects of the Issue

1. Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat - 382715

2. Funding Working capital requirements

3. General Corporate Purpose

Rhetan TMT Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹6,703.5

31-Mar-22

₹5,213.0

31-Mar-21

₹2,008.3

31-Mar-20

Profit After Tax (PAT)

₹234.6

31-Mar-22

₹13.4

31-Mar-21

-₹58.0

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	2008.26	5213.01	6703.45
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	-58.04	13.44	234.57
Net Worth	30.21	783.65	2313.21
Total Assets	3046.86	3980.65	5900.06
Reserves & Surplus	-311.65	-298.21	1046.35
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered80,00,000 (100.00%)

Net Offer to Public75,84,000 shares (aggregating up to ₹53.09 Cr)

Reserved for Market Maker4,16,000 shares (aggregating up to ₹2.91 Cr)

Pre-Issue Promoter Holding1,32,50,000 shares

Post-Issue Promoter Holding2,12,50,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Rhetan TMT Ltd. IPO subscribed? ▲

Rhetan TMT Ltd. IPO is subscribed 1.00 times by Aug 25, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Rhetan TMT Ltd. IPO retail subscription status? ▼

The Rhetan TMT Ltd. IPO retail category is subscribed 1.00 times as of 25 Aug 2022. The retail portion is oversubscribed.

How to subscribe Rhetan TMT Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 22 Aug 2022 and closes 25 Aug 2022. Min investment: ₹140,000 (1 lot = 2,000 shares). UPI mandate: 2022-08-25.

How many times Rhetan TMT Ltd. IPO subscribed? ▼

The Rhetan TMT Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rhetan TMT Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Aug 2022. Refunds: on 01 Sep 2022.

When Rhetan TMT Ltd. IPO will be listed? ▼

The Rhetan TMT Ltd. IPO listing date is 05 Sep 2022, Monday. Listed on: BSE SME. Issue price: ₹70. Estimated listing: ₹70. GMP: NIL.

When Rhetan TMT Ltd. IPO close? ▼

The Rhetan TMT Ltd. IPO closes on 25 Aug 2022, Thursday. UPI mandate: 2022-08-25. Allotment: 30 Aug 2022. Listing: 05 Sep 2022.

Quick Actions

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Live Price LIVE

Last Price₹70.00

Change—

Issue Price₹70.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹70

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹70

Subscribed1.00x

Open Date22 Aug 2022

Close Date25 Aug 2022

Allotment30 Aug 2022

Listing Date05 Sep 2022

ExchangeBSE SME

UPI Deadline2022-08-25