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Open
22 Aug 2022
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Close
25 Aug 2022
3
Allotment
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Listing
Mon, Sep 5, 2022
Price Band
₹70 per share
Issue Size
80,00,000 shares (agg. up to ₹56 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Sep 5, 2022
Latest GMP
₹-4
Est. Gain
-5.71%
✦ AI Insight
GMP Trend
02-09-2022₹-4Est. ₹66-5.71%
01-09-2022₹-4Est. ₹66-5%
31-08-2022₹-4Est. ₹66-5.71%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.20x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 59.00 | 39.81 | 30.47 |
| Total Income | 67.03 | 52.13 | 20.08 |
| Profit After Tax | 2.35 | 0.13 | -0.58 |
| NET Worth | 23.13 | 7.84 | 0.30 |
| Reserves and Surplus | 10.46 | -2.98 | -3.12 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹37.15 (+1.36%) |
| Adishakti Loha & Ispat Ltd. | SME | ₹2.00 Cr | ₹11 | null | ₹11.40 | +3.64% | ₹13.68 (-1.58%) |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,708.80 (-5.75%) |
| Hariom Pipe Industries Ltd. | Mainboard | ₹130.05 Cr | ₹153 | 15.15 | ₹231.00 | +50.98% | ₹403.55 (+0.60%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat – 382715 | 12.00 |
| 2 | Funding Working capital requirements | 30.46 |
| 3 | General Corporate Purposes | 12.54 |
About Rhetan TMT IPO
Incorporated in 1984, Rhetan TMT Limited manufactures TMT Bars and Round Bars which are primarily used in the construction industry. The company's plant is located in Gujarat and is spread over 15,000 sq. yards. The company's products have been used in the construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat. Competitive Strengths : Well educated and experienced management. Group Synergies Location of the Manufacturing Unit+ Read More
Contact Details
Rhetan TMT Ltd. Address7th Floor, Ashoka ChambersRasala MargMithakhaliAhmedabad, Gujarat, 3800069499850261rhetantmt@gmail.comVisit Website