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Rhetan TMT IPO GMP, Price, Review, Allotment & Analysis

Table of Contents

Rhetan TMT IPO date is fixed, The IPO is to open on August 22 and will close on August 25, 2022. Rhetan TMT Limited company is a manufacturer of TMT Bars and Round Bars. Their products are used in the construction industry. Rhetan TMT was incorporated in 1984 and is based in Ahmedabad, Gujarat. The company is promoted by Shalin Shah and Ashok Shah. The organization is actively engaged in the manufacturing of premium quality TMT Bars confirming ISI Standards.

Their TMT Bars have much higher Yield Strength (Fe 500 grade) and Tensile Strength values as compared to normal bars. The Round bars are manufactured using high-quality mild steel, these bars are in adherence with international quality standards. The plan is spread over 15000 square yards located in Gujarat. The products are mainly used in the construction of dams, bridges, and residential and commercial projects.

Rhetan TMT is a BSE SME IPO to raise ₹56 crores via IPO. The Rhetan TMT IPO price band is fixed at ₹70 with a market lot of 2000 shares. You can check Rhetan TMT IPO subscription status and Rhetan TMT IPO allotment status on their respective pages.

Objects of the Issue:

  • Funding capital expenditure for expansion and modernization at 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat – 382715
  • Funding Working capital requirements
  • General Corporate Purpose
Rhetan TMT

    Rhetan TMT IPO Review

    • Avoid / Risky

    Rhetan TMT IPO GMP Live Rates day by day with Kotak rates.

    Date
    GMP
    KostakSubject to
    5 September-₹3₹-₹-

    Rhetan TMT IPO Date & Price Band

     Rhetan TMT IPO Open: August 22, 2022
     Rhetan TMT IPO Close: August 25, 2022
     Rhetan TMT IPO Size: Approx ₹56 Crores, 8,000,000 Equity Shares
     Face Value:  ₹10 Per Equity Share
     Rhetan TMT IPO Price Band:  ₹70 Per Equity Share
     Rhetan TMT IPO Listing on:  BSE SME
     Retail Quota:  50%
     QIB Quota:  -%
     NII Quota:  50%
     DRHP Draft Prospectus:  Click Here
     RHP Draft Prospectus:  Click Here

    Rhetan TMT IPO Market Lot

    The Rhetan TMT IPO minimum market lot is 2000 shares with a ₹140,000 application amount.

     Minimum IPO Lot Size: Minimum 2000 Shares for 1 lot
     Minimum Amount:  ₹140,000 for 1 lot

    Rhetan TMT IPO Allotment & Listing Dates

    The Rhetan TMT IPO date is August 22 and the IPO close date is August 25. The IPO allotment date is August 30 and the IPO might list on September 5.

     Rhetan TMT IPO Open Date: August 22, 2022
     Rhetan TMT IPO Close Date: August 25, 2022
     Basis of Allotment:  August 30, 2022
     Refunds:  September 1, 2022
     Credit to Demat Account:  September 2, 2022
     Rhetan TMT IPO Listing Date:  September 5, 2022

    Rhetan TMT IPO Form

    How to apply Rhetan TMT IPO? You can apply Rhetan TMT IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Rhetan TMT IPO in the Invest section. The other option you can apply Rhetan TMT IPO via IPO forms download via the BSE website. Check out the Rhetan TMT forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.


    Rhetan TMT Company Financial Report

    ₹ in Crores

    RevenueExpensePAT
    2020₹20.08₹19.98₹0.58
    2021₹52.13₹51.95₹0.13
    2022₹67.03₹64.16₹2.34

    Rhetan TMT IPO Valuation – FY2022

    Check Rhetan TMT IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

     Earning Per Share (EPS):  ₹2.00 per Equity Share
     Price/Earning P/E Ratio:  35.00
     Return on Net Worth (RoNW): 10%
     Net Asset Value (NAV):  ₹17.46 per Equity Share

    Peer Group

    • Incredible Industries Ltd
    • Hariom Pipe Industries Limited
    • Supershakti Metaliks Limited
    • Kamdhenu Limited

    Company Promoters

    • Ashoka Metcast Limited
    • Shalin Shah

    Rhetan TMT IPO Registrar

    Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: [email protected]
    Website: http://www.bigshareonline.com

    Rhetan TMT IPO Allotment Status

    Check Rhetan TMT IPO allotment status on Bigshare website URL. Click Here

    Rhetan TMT IPO Lead Managers

    • Aryaman Financial Services limited

      Company Address

      Rhetan TMT Limited
      7th Floor, Ashoka Chambers,
      Rasala Marg, Mithakhali,
      Ahmedabad- 380006
      Phone: 9499850261
      Email: [email protected]
      Website: http://www.rhetan.com/

      Rhetan TMT IPO FAQs


      What is Rhetan TMT IPO?

      Rhetan TMT IPO is an BSE SME IPO. They are going to raise ₹56 Crores via IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE.

      When Rhetan TMT IPO will open?

      The IPO is to open on August 22, 2022 for NII, and Retail Investors.

      What is Rhetan TMT IPO Investors Portion?

      The investors’ portion for QIB is -%, NII is 50%, and Retail is 50%.

      How to Apply the Rhetan TMT IPO?

      You can apply Rhetan TMT IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

      How to Apply the Rhetan TMT IPO through Zerodha?

      Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Rhetan TMT”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

      How to Apply the Rhetan TMT IPO through Upstox?

      Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rhetan TMT”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

      How to Apply the Rhetan TMT IPO through Paytm Money?

      Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Rhetan TMT”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

      What is Rhetan TMT IPO Size?

      Rhetan TMT IPO size is ₹56 crores.

      What is Rhetan TMT IPO Price Band?

      Rhetan TMT IPO Price Band is ₹70 per equity share.

      What is Rhetan TMT IPO Minimum and Maximum Lot Size?

      The IPO bid is 2000 shares with ₹140,000.

      What is Rhetan TMT IPO Allotment Date?

      Rhetan TMT IPO allotment date is August 30, 2022.

      What is Rhetan TMT IPO Listing Date?

      Rhetan TMT IPO listing date is September 5, 2022. The IPO to list on BSE SME.

      Note: The Rhetan TMT IPO details are announced officially. The IPO grey market premium (Rhetan TMT IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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