Reetech International Cargo IPO will open for subscription from 27 September 2022. the company aims for an issue size of ₹11.71 Cr through this IPO.
Reetech International Cargo and Courier Ltd
The company was originally incorporated as M R Agriculture Private Limited and was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing, and Agriculture Products. In 2020, the promoters commenced the business of trading coal. the company changed its name to Reetech International Cargo and Courier Private Limited in 2021.
In these years, Reetech has emerged as one of the recognized suppliers of coal in the state of Chhattisgarh. The company is based in Raipur, Chhattisgarh, and its operations are spread across India, with a wide network of customers. Its diversified product portfolio comprises coal from Indonesia, South Africa, Australia, and India, among other origins. The company supplies its products to customers in various sectors i.e., Power, Steel, Rolling, and other industries. The company is one of the recognized traders of Coal and performs its operations from Gangavaram and other ports.
Basic details about the company
| Full name | Reetech International Cargo and Courier Ltd |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://reetechinternational.com/ |
Major Competitive Strengths
- Experience and Track Record.
- Experienced Promoters and Management.
- Repeat Business.
- Location Advantage.
- Satisfied Chain of Vendors.
- Progressive Employer.
Objects of the Issue
- For Working Capital Requirements.
- General Corporate Purposes.
Dates to remember
| IPO Opening date | 27 September 2022 |
| IPO Closing | 29 September 2022 |
| Basis of Allotment | 04 October 2022 |
| Initiation Refunds | 06 October 2022 |
| Credit to Demat Account | 07 October 2022 |
| Listing Date | 10 October 2022 |
Reetech International Cargo IPO Details
| Reetech International Cargo IPO Date | Sep 27, 2022 to Sep 29, 2022 |
| Reetech International Cargo IPO Face Value | ₹10 per share |
| Reetech International Cargo IPO Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,114,800 shares of ₹10 (aggregating up to ₹11.71 Cr) |
| Fresh Issue | 597,600 shares of ₹10 (aggregating up to ₹6.27 Cr) |
| Offer for Sale | 517,200 shares of ₹10 (aggregating up to ₹5.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Reetech International Cargo IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
Reetech International Cargo IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Reetech International Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | – | 1,840.26 | 11,373.97 |
| Expenses | 0.10 | 1,801.91 | 11,101.66 |
| Net income | 13.75 | 40.53 | 440.47 |
Reetech International Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.39 | 0.83 | 11.50 |
| PE ratio | – | – | 9.13 |
| RONW (%) | 4.30 | 8.23 | 52.09 |
| NAV | – | – | 154.51 |
| Debt/Equity ratio | – | 0.12 | 0.17 |
| ROCE (%) | 4.97 | 9.90 | 72.81 |
Company Promoters
- Mr. Mahendra Ahuja
- Ms. Roma Ahuja
Reetech International Cargo IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.62% |
Lead Manager(s)
- Gretex Corporate Services Pvt Ltd
Reetech International Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Reetech International Contact Details
REETECH INTERNATIONAL CARGO AND COURIER LIMITED
“Sai Kunj” Civil Lines,
Raipur- 492001,
Chhattisgarh, India
Phone: +91 7714003800
E-mail: info@reetechinternational.com
Website: www.reetechinternational.com
Reetech International IPO Allotment Status
Reetech International IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Reetech International Cargo IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
