Rhetan TMT IPO subscription status is to start on August 22, Monday. Rhetan TMT is an BSE SME IPO and has been subscribed by NII, and Retail investors. The company is to raise ₹56 crores via IPO. The IPO price band is fixed at ₹70 with a market lot of 2000 shares.
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.
IPOWatch View:
We recommend investors may apply for an IPO with caution (Risky). Investors should also look at the Retail and HNI numbers before investing. You can check the Rhetan TMT IPO allotment status here.
Rhetan TMT IPO Subscription Status (Live Update – Day 4)
Last Updated – 5:00| Category | Day 2 | Day 3 | Day 4 |
| NII | 2.10 | 2.11 | 2.18 |
| RII | 0.40 | 0.51 | 0.76 |
| Total | 1.25 | 1.31 | 1.47 |
Rhetan TMT IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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.
