Reetech International Cargo and Courier Limited

Company Profile
Company Name Reetech International Cargo and Courier Limited
Open Date 27-09-2022
Close Date 29-09-2022
Exchange BSE SME
Lot Size 1200 Shares
Issue Price ₹ 105 per share
Issue Size 11,14,800 Equity Shares
Application Amount ₹ 1,10,000
Recommendation Avoid
Company was incorporated in the year 2008 in Chhattisgarh as M R Agriculture Private Limited. Company started its operations in 2009 and was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing and Agriculture Products. In 2020, company shifted its business to trading of coals and got its name changed to Reetech International Cargo and Courier Limited.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 1,727.52 877.78 396.17
Net Assets 801.06 365.59 325.06
Total Borrowings - 45.61 55.22
Total Revenue 11,689.10 1,842.41 18.99
Profit After Tax 417.29 30.10 13.98

Tentative Timeline

Opening Date 27-09-2022
Closing Date 29-09-2022
Basis of Allotment 04-10-2022
Initiation of Refunds 06-10-2022
Credit of Shares to Demat 07-10-2022
Listing Date 10-10-2022

Objects of the Issue

Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office Reetech International Cargo and Courier Ltd Raipur 492001
Phone + 91 7714003800

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 56,400 (5.06%)
Other Shares Offered 5,29,200 (47.47%)
Retail Shares Offered 5,29,200 (47.47%)
Total Shares Offered 11,14,800 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.99%
Share Holding Post Issue (Promoters) 73.62%

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