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Reetech International Cargo IPO is a fixed price issue of Rs 11.71 crores. The issue is a combination of fresh issue of 5.98 lakh shares aggregating to Rs 6.27 crores and offer for sale of 5.17 lakh shares aggregating to Rs 5.43 crores.
Reetech International Cargo IPO bidding started from September 27, 2022 and ended on September 29, 2022. The allotment for Reetech International Cargo IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.
Reetech International Cargo IPO price is ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000.
Gretex Corporate Services Limited is the book running lead manager of the Reetech International Cargo IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,114,800 shares (aggregating up to ₹11.71 Cr) |
| Fresh Issue | 597,600 shares (aggregating up to ₹6.27 Cr) |
| Offer for Sale | 517,200 shares of ₹10 (aggregating up to ₹5.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,629,500 |
| Share holding post issue | 4,227,100 |
| Market Maker portion | 56,400 shares |
Reetech International Cargo IPO offers 1,114,800 shares. 529,200 (47.47%) to NII, 529,200 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 56,400 (5.06%) |
| Other Shares Offered | 529,200 (47.47%) |
| Retail Shares Offered | 529,200 (47.47%) |
| Total Shares Offered | 1,114,800 (100%) |
Reetech International Cargo IPO opens on September 27, 2022, and closes on September 29, 2022.
| IPO Open Date | Tuesday, September 27, 2022 |
| IPO Close Date | Thursday, September 29, 2022 |
| Basis of Allotment | Tuesday, October 4, 2022 |
| Initiation of Refunds | Thursday, October 6, 2022 |
| Credit of Shares to Demat | Friday, October 7, 2022 |
| Listing Date | Monday, October 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2022 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.62% |
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 Rs 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...
The Reetech International Cargo IPO is subscribed 1.67 times on September 29, 2022 6:59:00 PM. 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) |
|---|---|
| Other | 1.43 |
| Retail | 1.92 |
| Total | 1.67 |
| Listing Date | October 10, 2022 |
| BSE Script Code | 543617 |
| NSE Symbol | |
| ISIN | INE0MKO01015 |
| Final Issue Price | ₹105 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹105.00 |
| ₹82.00 |
| ₹77.90 |
| ₹84.00 |
| ₹83.60 |
Reetech International Cargo and Courier Ltd
Raipur
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
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Reetech International Cargo IPO is a SME IPO of 1,114,800 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 Shares.
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 Shares, and the minimum amount required is ₹126,000.
You can apply in Reetech International Cargo IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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