Reetech International Cargo and Courier Limited
IPO Details
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The Initial Public Offering of Reetech International Cargo and Courier Limited's culminated in its successful listing on Oct 10, 2022 at the BSE trading platform. The company secured 11,14,800 Shares through this capital market exercise, with 5,41,200 Shares allocated to new capital formation and ₹5.43 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹105 to ₹105, with minimum investment requirements of 1200 shares. The subscription period from Sep 27, 2022 to Sep 29, 2022 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Oct 04, 2022. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Reetech International Cargo and Courier Ltd, incorporated in 2008, is a coal supplier in India with a diversified portfolio sourcing coal from Indonesia, South Africa, Australia, and India. The company caters to customers across sectors such as power, steel, rolling, and other industries, ensuring efficient order handling and transportation through road and rail networks. Initially, the company was engaged in agriculture, including rice milling, rice sorting, dal milling, dal processing, and other agricultural products.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Proven Experience & Track Record: Demonstrates a strong history of successful operations.
- Experienced Promoters & Management: Led by knowledgeable leaders with industry expertise.
- Repeat Business: Maintains long-term relationships with returning customers.
- Strategic Location Advantage: Operates from locations that support business growth and accessibility.
- Satisfied Vendor Network: Works with a reliable and content chain of suppliers.
- Progressive Employer: Provides a positive and forward-thinking work environment.
NA
- Mr. Mahendra Ahuja
- Ms. Roma Ahuja
Reetech International Cargo and Courier Limited
Bigshare Services Private Limited