Rhetan TMT IPO GMP, Review, Price, Allotment


Last updated on September 5, 2022


Rhetan TMT IPO description – The company is part of a diversified business group with interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Chemical Products.

It owns and operates a Steel Rolling Mill with an aggregate installed capacity of 30,000 MTPA. It is an IS 1786: 2008 certified company and manufactures TMT Bars and Round Bars which are primarily used in construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat. Its products have been used in construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat.

Its plant is located at Survey No. 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat and is spread over 15,000 sq. yards. The plant is fully equipped with latest technologies to provide good quality steel products and has been operational since 2019.

The company’s sales have increased at a CAGR of 83.18 % from INR2,000.84 lakhs in FY 2020 to INR6,702.87 lakhs in FY 2022 and its EBIDTA has increased at a CAGR of 167.07% from INR64.62 Lakhs in FY 2020 to INR459.67 Lakhs in FY 2022.

Promoters of Rhetan TMT – Ashoka Metcast Limited and Shalin Shah

Rhetan TMT IPO Details

Subscription Dates22 – 25 August 2022
Price BandINR 70 per share
Fresh issue80,00,000 shares (INR56 crore)
Offer For SaleNil
Total IPO size80,00,000 shares (INR56 crore)
Minimum bid (lot size)2,000 share
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Rhetan TMT Financial Performance

Revenue2,008.26 5,213.01 6,703.45
Net income(58.04)13.44 234.57
Figures in INR Lakh unless specified otherwise

Rhetan TMT Offer News

Rhetan TMT Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio35.00
RONW (%)(192.14)1.7110.14

Rhetan TMT IPO GMP Daily Trend

DateRhetan TMT IPO GMPKostakSubject to Sauda
30 Aug 2022
29 Aug 2022(3)
27 Aug 2022(3)
26 Aug 2022(3)
25 Aug 2022(5)
24 Aug 2022(5)
23 Aug 2022(5)
22 Aug 2022Discount

Rhetan TMT IPO Subscription – Live Updates

Shares Offered 40,00,000 40,00,000 80,00,000
Day 11.990.121.06
Day 21.990.301.15
Day 32.000.481.24
Day 42.070.721.39
Subscription figures in number of times, at 5 PM

Rhetan TMT IPO Lead Manager

60, Khatau Building,
Ground Floor,
Alkesh Dinesh Modi Marg,
Fort, Mumbai – 400 001.
Phone: +91 22 6216 6999
E-mail: [email protected]
Website: www.afsl.co.in

Rhetan TMT Offer Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Mahakali Caves Road,
Andheri (East), Mumbai – 400 093
Phone: +91 22 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com

Rhetan TMT IPO Contact Details

7th Floor, Ashoka Chambers,
Rasala Marg, Mithakhali,
Ahmedabad- 380006, Gujarat
Phone: +91-9499850261
Email: [email protected]
Website: www.rhetan.com

Rhetan TMT IPO Allotment Status

Rhetan TMT IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.

Rhetan TMT IPO Timetable

IPO Opening Date22 August 2022
IPO Closing Date25 August 2022
Finalisation of Basis of Allotment30 August 2022
Initiation of refunds1 September 2022
Transfer of shares to demat accounts2 September 2022
Listing Date5 September 2022
Opening Price on BSE SMEINR70 per share (no change from IPO price)
Closing Price on BSE SMEINR66.5 per share (down 5% from IPO price)


What is Rhetan TMT offer size?

Rhetan TMT offer size is INR 56.00 crore.

What is Rhetan TMT IPO Price Band?

Rhetan TMT public offer price is INR 70 per share.

What is the lot size of Rhetan TMT IPO?

Rhetan TMT offer lot size is 2,000 shares.

What is Rhetan TMT IPO GMP today?

Rhetan TMT IPO GMP today is a discount of NA per share.

What is Rhetan TMT kostak rate today?

Rhetan TMT kostak rate today is NA per application.

What is Rhetan TMT Subject to Sauda rate today?

Rhetan TMT Subject to Sauda rate today is NA per application.


Please enter your comment!
Please enter your name here