October 10, 2022
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Reetech International Cargo & Courier IPO Details & Guidance
Grey Market News for Reetech International Cargo & Courier IPO #
On 10 October 2022, click
Reetech International Cargo IPO Subscription Status
On 29 September 2022 @ 5.00 pm
HNI 50% 5,29,200 Shares: 1.43T
RII 50% 5,29,200 Shares: 1.91T
Total 11,14,800 Shares: 1.67 T
Reetech International Cargo IPO Details
IPO Dates 27-09-2022 to 29-9-2022
Face Value Rs 10 per share
IPO Price Rs 105 per share
Lot 1200 Shares
Issue Size 11,14,800 shares of Rs 10
Issue Rs 11.71 Cr)
# Fresh Issue 5,97,600 shares of Rs 10/Rs 6.27 Cr
# Offer for Sale 5,17,200 shares of Rs 10/ Rs 5.43 Cr
Issue Type Book Built IPO
Listing At BSE SME
Objects of the IPO
Funding additional Working capital requirements
Retail Offer: 35 % / 529,200 Shares
RII Min. Application: 1,200 Shares, Rs. 1,26,000
RII Max. Application: 1,200 Shares, Rs. 1,26,000
441 Applications required for onetime RII-subscriptions.
Reetech International Cargo IPO Timetable
Anchor Portion to open on 26 September 2022
IPO Opening Date: September 27, 2022
IPO Closing Date: September 30, 2022
Basis of Allotment: October 04, 2022
Initiation of Refunds: October 06, 2022
Credit of Shares to Demat A/cs: October 07, 2022
IPO Listing Date: October 10, 2022
Reetech International Cargo Business:
Reetech has emerged as one of the recognized suppliers of coal in the state of Chhattisgarh. It is based at Raipur, Chhattisgarh, and its operations are spread across India, with a wide network of Customers. Its diversified product portfolio comprises coal from Indonesia, South Africa, Australian and India, among other origins. It supplies its products to the 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.
In a very short span of time, the Company has been able to recognize itself as a trusted name in the coal industries due to its commitment to quality and reliability since its inception. The Company is one of the recognized traders of Coal and perform its operations from Gangavaram and other ports.
The company is currently importing the entire spectrum of South African coal. It is importing the entire spectrum of Indonesian coal grades. It procures Indian coal through e-auctions conducted by the various subsidiaries of Coal India Limited. It imports US coal on Kandla port of GCV higher than 7000
For more information about the company, Click Website: https://reetechinternational.com/
Business Summary: Import of coal from different countries
Promoters of Reetech International Cargo
Mr. Mahendra Ahuja and Ms. Roma Ahuja
Registered office of Reetech International Cargo
“Sai Kunj” Civil Lines, Raipur- 492001, Chhattisgarh, India
Company Secretary and Compliance Officer: Ms. Chhaya Verma
Lead Manager of Reetech International Cargo
Greatex Corporate Services ltd
SME IPO Financial & Analytical Ratios#
Total Income 2019-20 Rs 00.19 Cr
Total Income 2020-21 Rs 18.42 Cr
Total Income 2021-22 Rs 116.89 Cr
Net Profit 2019-20 Rs 0.14 Cr
Net Profit 2020-21 Rs 0.30 Cr
Net Profit 2021-22 Rs 4.17 Cr
Earnings per Share 2019-20 Rs 0.39
Earnings per Share 2020-21 Rs 0.83
Earnings per Share 2021-22 Rs 11.50
Return on Net Worth: 19-20: 4.30 %
Return on Net Worth: 20-21: 8.23 %
Return on Net Worth: 21-22: 52.04 %
Book Value of the Share as on 31.03.22 Rs 154.51
NAV after the IPO Rs. 33.40
Offer Price Rs. 105 at upper price band
IPO Peer Comparison:
There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to the company
Observation by Paresh Gordhandas (Research Analyst)
Will be updated soon
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