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Rhetan TMT IPO Details

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Rhetan TMT IPO subscription is to open on Aug 22, 2022 and will close on Aug 25, 2022, the price band of the Rhetan TMT IPO is fixed at ₹ 70. Rhetan TMT is actively engaged in the manufacturing of premium Quality TMT Bars confirming to ISI Standards

About Rhetan TMT

Rhetan TMT is actively engaged in the manufacturing of premium Quality TMT Bars confirming to ISI Standards

Rhetan TMT has business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Chemical Products.

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The company owns and operates a Steel Rolling Mill with an aggregate installed capacity of 30,000 MTPA. The company is an IS 1786: 2008 certified company and Rhetan TMT manufacture TMT Bars and Round Bars which are primarily used in construction industry. The products have been used in construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat.

Objects of the Issue

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

Rhetan TMT Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 5,841.92 3,922.51 2,988.72
Total income 6,703.45 5,213.01 2,008.26
Total Expenses 6,416.09 5,194.99 1,997.72
Profit After Tax 234.57 13.44 (58.04)

Rhetan TMT IPO Price – Details

DescriptionIPO Details
Public IssueInitial Public Issue of upto 80,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 5600 Lakhs)
Issue Open  Date22-Aug-22
Issue Close Date25-Aug-22
Issue TypeFixed Price
IPO Price Band₹ 70
Face Value ₹ 10
Market Lot 2000 Equity Shares and in multiples thereof
Minimum Order Quantity 2000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.


RhetanTMT IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum12000₹ 1,40,000
Maximum12000₹ 1,40,000

RhetanTMT IPO Lead Managers

  • Aryaman Financial Services limited

RhetanTMT IPO Registrar

RhetanTMT IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on22-Aug-22
Bid / Offer Closes on25-Aug-22
Finalisation of Basis of Allotment30-Aug-22
Initiation of refunds 01-Sep-22
Credit of the Equity Shares02-Sep-22
Listing Date05-Sep-22

Company Registered Office

7th Floor, Ashoka Chambers,
Rasala Marg, Mithakhali,
Ahmedabad- 380006,
Website: www.rhetan.com

Company Promoters

  • Ashoka Metcast Limited
  • Shalin Shah


What is the RhetanTMT IPO Price?

The RhetanTMT IPO price band is 70 per share

When RhetanTMT IPO will open?

The RhetanTMT IPO opens on Aug 22, 2022 and closes on Aug 25, 2022

What is the lot size of RhetanTMT IPO?

The RhetanTMT IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares

Who is the Registrar for Rhetan TMT IPO?

The Registrar for Rhetan TMT IPO is Bigshare Services Private Limited

How to apply in Rhetan TMT IPO through UPI?

Check the step by step process here – Click here

How to apply in Rhetan TMT IPO through Zerodha?

Check the step by step process here – Click here

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