Rhetan TMT Limited
IPO Details
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The public market debut of Rhetan TMT Limited's was completed on Sep 05, 2022 with its listing on the BSE exchange. The IPO process raised 80,00,000 Shares in total capital, consisting of 80,00,000 Shares in new equity.
The offering featured a price range of ₹70 to ₹70 and minimum application size of 2000 shares. Investor response during the subscription period from Aug 22, 2022 to Aug 25, 2022 influenced the final allotment ratios across investor categories.
Final allotment was announced on Sep 01, 2022, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
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.
Rhetan TMT Limited, incorporated in 1984, is a manufacturer of TMT Bars and Round Bars used mainly in the construction industry. The company’s plant, located in Gujarat and spread over 15,000 sq. yards, produces products that have been utilized in the construction of dams, bridges, residential and commercial towers, and other major infrastructure projects in the state.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Management: Led by a well-educated and skilled team.
- Group Synergies: Benefits from collaboration and support within the group.
- Strategic Manufacturing Location: Positioned for efficient production and distribution.
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