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| REETECH INTERNATIONAL CARGO AND COURIER LIMITED |
| Corporate Identification Number: U51100CT2008PLC02Q983 |
Our Company was originally incorporated on December 18, 2008 as a Private Limited Company in the name of "M R Agriculture Private Limited" vide Registration No, 020983 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh and Chhattisgarh, Further, pursuant to a Special Resolution of our Shareholders passed in the Extra Ordinary General Meeting held on June 15, 2020, name of our Company was changed to "Reetech International Cargo and Courier Private Limited" and a Fresh Certificate of Incorporation was issued by Registrar of Companies, Chhattisgarh, Subsequently pursuant to a Special Resolution of our Shareholders passed in the Extra Ordinary General Meeting held on February 15, 2022 our Company was converted from a Private Limited Company to Public Limited Company and the name of our Company was changed to "Reetech International Cargo and Courier Limited" and a Fresh Certificate of Incorporation consequent to Conversion was issued on April 12, 2022 by the Registrar of Companies, Chhattisgarh bearing Corporate Identification Number U5110OCT2008PLC020983.
| Registered Office: "Sai Kunj" Civil Lines, Raipur- 492001, Chhattisgarh, India, |
| Contact Person: Ms. Chhaya Verma, Company Secretary and Compliance Officer |
| Tel: + 91 7714003800 E-mail: info@reetechinternational.com | Website: www.reetechinternational.com |
| PROMOTERS OF OUR COMPANY: MR. MAHENDRA AHUJA AND MS. ROMA AHUJA |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 11,14,800 EQUITY SHARES OF FACE VALUE OF Rs 10,00 EACH ("EQUITY SHARES") OF REETECH INTERNATIONAL CARGO AND COURIER LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 105,00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 95,00 PER EQUITY SHARE (THE "ISSUE PRICE" ) AGGREGATING TO Rs 1,170,54 LAKHS ("THE ISSUE") COMPRISING OF A FRESH ISSUE OF 5,97,600 EQUITY SHARES AGGREGATING TO Rs 627.48 LAKHS (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 5,17,200 EQUITY SHARES BY THE SELLING SHAREHOLDERS ("OFFER FOR SALE" ) AGGREGATING TO Rs 543.06 LAKHS OF WHICH 56,400 EQUITY SHARES AGGREGATING TO 759.22 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 10,58,400 EQUITY SHARES AGGREGATING TO Rs. 1,111,32 LAKHS (THE "NET ISSUE"), THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.37% ANO 25.04% RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE EQUITY SHARE IS Rs 10/-, THE ISSUE PRICE IS Rs 105.00 PER EQUITY SHARE |
| AND THE ISSUE PRICE IS 10.5 TIMES OF THE FACE VALUE OF THE EQUITY SHARES |
| ISSUE | ISSUE OPENED ON: TUESDAY, SEPTEMBER 27, 2022 |
| PERIOD | ISSUE CLOSED ON: THURSDAY, SEPTEMBER 29, 2022 |
The Equity Shares of the Company are proposed to he listed on the SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time, Our Company has received an In-Principle approval from BSE for the listing of the Equity Shares pursuant to letter dated August 30, 2022. BSE Limited shall be the Designated Stock Exchange for the purpose of this Issue, The trading is proposed to be commenced on or before October 10, 2022
(Subject to receipt of listing and trading approvals from the BSE Limited).
The Issue is being made through the Fixed Price Process, the allocation in the Net Issueto the Public Category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, where in a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors, The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors arid other Investors, including Corporate Bodies / Institutions irrespective of Number of Shares applied for, If the Retail Individual Investor Category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage, Under subscription if any in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designated Stock Exchange, Such inter-se spin over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines, All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs, in case of RIIs, if applicable, which will be blocked by the Self-Certified Syndicate Banks ("SCSBs").
SUBSCRIPTION DETAILS
The Issue has received 1282 applications for 22,58,400 Equity Shares (before technical rejections, and Bids not banked) Including Market Making application of 56,400 Equity Shares, The Issue was subscribed to the extent of 2.03 times as per the bid book received from BSE Limited. After considering invalid bids, bids not banked and technical rejection cases from the Bid book, the Issue was subscribed by 1.33 times including Market Making Reservation Portion, The details of the applications received in the Issue (before technical rejections but after invalid Bids Multiple/ Duplicate and Bids not banked) are as follows:
Detail of the Applications Received
| Category | Gross | Less: Rejections | Valid | |||
| No. of Applications | Equity Shares | No. of Applications | Equity Shares | No. of Applications | Equity Shares | |
| Market Maker | 1 | 56,400 | - | 1 | 56,400 | |
| Retail Individual Applicant | 861 | 10,33,200 | 16 | 19,200 | 845 | 10,14,000 |
| Other than Retail Individual Applicant | 38 | 7,02,000 | 3 | 2,84,400 | 35 | 4,17,600 |
| Total | 900 | 17,91,600 | 19 | 3,03,600 | 881 | 14,88,000 |
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on October 04, 2022.
| A) | Allocation la Market Maker (After Technical Rejections & Withdrawals): The Basic of Allotment to the Market Maker, at the Issue Price of 7105.00 per Equity Share was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted m this category is 56,400 Equity Shares. The category-wise details of the Basis of Allotment are as under: |
| No. of Shares Applied far (Category Wise) | No. of Applications Received | % to Total | Total No. of Shares Applied in Each Category | % to Total | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Oil) | Ratio of Allottees to the Applicant | Total No. of Shares Allotted | |
| 56,400 | 1 | 100.00 | 56,400 | 100.00 | 56,400 | 56,400 | 1 | 1 | 56,400 |
| Total | 1 | 100.00 | 56,400 | 100.00 | 56,400 | ||||
| B) | Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail individual Investors, at the Issue Price of Rs 105.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 7,50,000 Equity Shares. The category was subscribed by 1.35 times. The category-wise details ol the Basis of Allotment are as under: |
| No. of Shares Applied for (Category Wise) | No. of Applications Received | % to Total | Total No. of Shares Applied in Each Category | % to Total | Proportionate shares available | Allocation per Applicant | Ratio of allottees to the applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated^ allotted | % to Total | Surplus; Defecit | ||
| Before rounding off | After rounding off | |||||||||||||
| 1200 | 845 | 100.00 | 10,14,000 | 100.00 | 7,50,000 | 887.57 | 1200 | 125 | 169 | 625 | 100.00 | 7,50,000 | 100.00 | 0 |
| Total | 845 | 100.00 | 10,14,000 | 100.00 | 7,50,000 | 625 | 100.00 | 7,50,000 | 100.00 | 0 | ||||
| C) | Allocation to Other than Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 105 00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBl (ICDR) Regulations, 2018, the total number of shares allocated in this category is 3,08,400 Equity Shares. The category was subscribed by 1.35 times. The category-wise details of the Basis of Allotment are as under: |
| No. of Shares Applied for (Category Wise) | No. of Applications Receded | % to Total | Total No. of Shares Applied in Each Category | % to Total | Proportionate shares available | Allocation per Applicant | Ratio of allottees to the applicants | Number of Successful applicants (alter rounding oil) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus; Defecit | ||
| Before rounding off | After rounding off | |||||||||||||
| 2400 | 19 | 54.28 | 45600 | 10.92 | 33676 | 1772.42 | 1200 | 1 | 1 | 19 | 54.28 | 22800 | 7.39 | -10878 |
| 0.00 | 0.00 | 1200 | 9 | 19 | 0.00 | 10800 | 3.50 | 10800 | ||||||
| 3600 | 6 | 17.14 | 21600 | 5.17 | 15952 | 2658.67 | 2400 | 1 | 1 | 6 | 17.14 | 14400 | 4.67 | -1552 |
| 0.00 | 0.00 | 1200 | 1 | 6 | 0.00 | 1200 | 0.39 | 1200 | ||||||
| 4800 | 3 | 8.57 | 14400 | 3.45 | 10634 | 3544.67 | 3600 | 1 | 1 | 3 | 8.57 | 10800 | 3.50 | 166 |
| 9600 | 1 | 2.86 | 9600 | 2.30 | 7090 | 7090 | 7200 | 1 | 1 | 1 | 2.86 | 7200 | 2.33 | 110 |
| 12000 | 1 | 2.86 | 12000 | 2.87 | 8862 | 8862 | 8400 | 1 | 1 | 1 | 2.86 | 8400 | 2.72 | -462 |
| 18000 | 1 | 2.86 | 18000 | 4.31 | 13293 | 13293 | 13200 | 1 | 1 | 1 | 2.86 | 13200 | 4.28 | -93 |
| 26400 | 1 | 2.86 | 26400 | 6.32 | 19497 | 19497 | 19200 | 1 | 1 | 1 | 2.86 | 19200 | 6.23 | -297 |
| 30000 | 1 | 2.86 | 30000 | 7.18 | 22155 | 22155 | 22800 | 1 | 1 | 1 | 2.86 | 22800 | 7.39 | 645 |
| 60000 | 1 | 2.86 | 60000 | 14.37 | 44310 | 44310 | 44400 | 1 | 1 | 1 | 2.86 | 44400 | 14.40 | 90 |
| 180000 | 1 | 2.86 | 180000 | 43.10 | 132931 | 132931 | 133200 | 1 | 1 | 1 | 2.86 | 133200 | 43 19 | 269 |
| Total | 35 | 100.00 | 417600 | 100.00 | 308400 | 35 | 100.00 | 308400 | 100.00 | 0 | ||||
The Board of Directors of the Company at its meeting held on October 04, 2022, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The CAN and Allotment Advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before Thursday, October 06, 2022. Further, the instructions to Self-Certified Syndicate Banks will be processed on or before Thursday, October 06, 2022 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the issue. The trading is proposed lo be commenced on or before Monday, October 10, 2022 subject to receipt of listing and trading approvals from BSE Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 20, 2022 ("Prospectus").
INVESTORS, PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.brgshareonline.com.
| LEAD MANAGER TO THE ISSUE | REGISTRAR TO THE ISSUE | COMPANY SECRETARY AMD COMPLIANCE OFFICER |
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| GRETEX CORPORATE SERVICES LIMITED | BIGSHARE SERVICES PRIVATE LIMITED | REETECH INTERNATIONAL CARGO AND COURIER LIMITED |
| Office No. 13,1st Floor, New Bansilal Building, | S6-2, 6th Pinnacle Business Park, Mahakah Caves Road, | Ms. Chhaya Verma |
| Raja Bahadur Mansion, 9-15, Homi Modi Street, | next to Ahura Cenlre, Andheri East, Mumbai- 400093 | Company Secretary & Compliance Officer |
| Fort, Mumbai-400 001 | Tel. No.: +91 -22 -6263 8200 | "Sai Kunj" Crvil Lines, Raipur 492001, |
| Tel No.: +91 - 22 - 4002 5273 / 96532 49863 | Fax No.: +91 -22 6263 8299 | Chhatthisgarh, India |
| Email: info@gretexgroup.com | Email: ipo@bigshareonline.com | Tel: + 91 7714003800 |
| Website: www.gretexcorporate.com | Website: www.bigshareonline.com | E-mail: info@rectechinternational.com |
| Contact Person: Ms. Dimple Magharam Slun | Investor Grievance Email: investor@bigshareontine.com | Website: www.reetechinternationai.com |
| SEBI Registration No: INM000012177 | Contact Person: Mr. Swapnil Kate | All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given. |
| CIN: L74999MH2008PLC288128 | SEBI Registration No.: INR000001385 | |
| CIN: U99999MH1994PTC076534 |
| FOR REETECH INTERNATIONAL CARGO AND COURIERLIMITED | |
| Sd/- | |
| Mr. Mahendra Ahuja | |
| Place: Raipur | Managing Director |
| Date: October 06, 2022 | DIN: 00247075 |
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF REETECH INTERNATIONAL CARGO AND COURIER LIMITED.
REETECH INTERNATIONAL CARGO AND COURIER LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies Chhattisgarh. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.gretexcorporate.com, the website of the BSE Limited i.e. www.bseindia.com, and website of the Issuer Company at www.reetechinternational.com lnvestors should note that investment In Equity Shares involves a high degree of risk. For details investors should refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 27 of the Prospectus The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States arid may not be Issued or sold within the United States or to, or for the account or benefit of 'U.S. persons' (as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.
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The IPO allocation is based on the subscription level and the investor category.
Refer to IPO allotment rules and methods for more details.
See the basis of allotment document above to know how the shares are allocated in Reetech International Cargo IPO .
The Reetech International Cargo IPO basis of allotment (published above) tells you how shares are allocated to you in Reetech International Cargo IPO and category wise demand of IPO share.
Visit the Reetech International Cargo IPO allotment status page to check the number of shares allocated to your application.
In Reetech International Cargo IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.
For more information, please refer to IPO Allotment Process and Basis of Allotment.
Check the Reetech International Cargo IPO basis of allotment document to know how the shares are allocated in Reetech International Cargo IPO.
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