Reetech International IPO description – The company was originally incorporated as M R Agriculture Private Limited and was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing and Agriculture Products. In the year 2020, the promoters commenced business of trading of coal. In the year 2021, the company changed its name to Reetech International Cargo and Courier Private Limited.
In these years, Reetech has emerged as one of the recognised suppliers of coal in the state of Chhattisgarh. The company 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. The company supplies its products to the customers in various sectors i.e., Power, Steel, Rolling and other industries. The company is one of the recognised traders of Coal and perform its operations from Gangavaram and other ports.
Promoters of Reetech International – Mr Mahendra Ahuja and Ms Roma Ahuja
Reetech International IPO Details
| Reetech International IPO Dates | 27 – 29 September 2022 |
| Reetech International IPO Price | INR 105 per share |
| Fresh issue | 597,600 shares (INR 6.27 crore) |
| Offer For Sale | 517,200 shares (INR 5.53 crore) |
| Total IPO size | 1,114,800 shares (INR 11.71 crore) |
| Minimum bid (lot size) | 1,200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Reetech International Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | – | 1,840.26 | 11,373.97 |
| Expenses | 0.10 | 1,801.91 | 11,101.66 |
| Net income | 13.75 | 40.53 | 440.47 |
Reetech International Offer News
Reetech International Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.39 | 0.83 | 11.50 |
| PE ratio | – | – | 9.13 |
| RONW (%) | 4.30 | 8.23 | 52.09 |
| NAV | – | – | 154.51 |
| Debt/Equity ratio | – | 0.12 | 0.17 |
| ROCE (%) | 4.97 | 9.90 | 72.81 |
Reetech International IPO GMP Daily Trend
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| – | – | – |
Reetech International Offer Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 529,200 | 529,200 | 1,058,400 |
| Day 1 | 0.02 | 0.19 | 0.10 |
| Day 2 | 0.13 | 0.39 | 0.26 |
| Day 3 | 1.43 | 1.92 | 1.67 |
| Last updated on 29 Sep 2022 | 06:59:28 PM |
Reetech International Offer Lead Manager
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor, New Bansilal Building, Raja
Bahadur Mansion, 9-15, Homi Modi Street, Fort,
Mumbai– 400001, Maharashtra, India
Phone: +91 – 22 – 4002 5273 / +91 96532 49863
Email: [email protected]
Website: www.gretexcorporate.com
Reetech International Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Reetech International Contact Details
REETECH INTERNATIONAL CARGO AND COURIER LIMITED
“Sai Kunj” Civil Lines,
Raipur- 492001,
Chhattisgarh, India
Phone: +91 7714003800
E-mail: [email protected]
Website: www.reetechinternational.com
Reetech International IPO Allotment Status
Reetech International IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Reetech International IPO Timetable
| Reetech International IPO Opening Date | 27 September 2022 |
| Reetech International IPO Closing Date | 29 September 2022 |
| Finalisation of Basis of Allotment | 4 October 2022 |
| Initiation of refunds | 6 October 2022 |
| Transfer of shares to demat accounts | 7 October 2022 |
| Reetech International IPO Listing Date | 10 October 2022 |
| Opening Price on BSE SME | INR 82 per share (down 21.90%) |
| Closing Price on BSE SME | Coming soon |
Reetech International IPO FAQs
What is Reetech International offer size?
Reetech International offer size is INR 11.71 crore.
What is Reetech International IPO Price Band?
Reetech International public offer price is INR 105 per share.
What is the lot size of Reetech International Offer?
Reetech International offer lot size is 1,200 shares.
What is Reetech International IPO GMP today?
Reetech International IPO GMP today is NA per share.
What is Reetech International kostak rate today?
Reetech International kostak rate today is NA per application.
What is Reetech International Subject to Sauda rate today?
Reetech International Subject to Sauda rate today is INR70,000 per application.
