Rhetan TMT Limited

Company Profile
Company Name Rhetan TMT Limited
Open Date 22-08-2022
Close Date 25-08-2022
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹ 70 per share
Issue Size 80,00,000 Equity Shares
Application Amount ₹ 1,40,000
Recommendation Avoid
Rhetan TMT Limited was incorporated in the year 1984 as “Shivani Rolling Mills Private Limited” in Gujarat. The company is a part of a group promoted by Mr. Shalin Ashok Shah and Family. The company has a Steel Rolling Mill in Gujarat and is engaged in the manufacturing of TMT Bars and Round Bars.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 5,841.92 3,922.51 2,988.72
Net Assets 2,313.21 783.65 30.21
Total Borrowings 2,649.66 2,542.21 2,394.01
Total Revenue 6,703.45 5,213.01 2,008.26
Profit After Tax 234.57 13.44 -58.04

Tentative Timeline

Opening Date 22-08-2022
Closing Date 25-08-2022
Basis of Allotment 30-08-2022
Initiation of Refunds 01-09-2022
Credit of Shares to Demat 02-09-2022
Listing Date 05-09-2022

Objects of the Issue

Funding capital expenditure for expansion and modernization
Funding Working capital requirements
General Corporate Purpose

Contact Information

Registered Office Rhetan TMT Limited 7th Floor, Ashoka Chambers, Rasala Marg, Mithakhali, Ahmedabad- 380006
Phone 9499850261
Email rhetantmt@gmail.com
Website http://www.rhetan.com/

Offer Documents

Rhetan TMT Limited DRHP
Rhetan TMT Limited RHP

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 4,16,000 (5.20%)
Other Shares Offered 37,92,000 (47.40%)
Retail Shares Offered 37,92,000 (47.40%)
Total Shares Offered 80,00,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.62%
Share Holding Post Issue (Promoters) 62.12%

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