247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Rhetan TMT Limited IPO (Rhetan TMT IPO) Details

Rhetan TMT Limited is an Steel - Iron based company, located in Ahmedabad, Rhetan TMT Limited IPO size was 56.00 Cr. and was issued at 70.00 per share. The share of Rhetan TMT Limited were listed at 66.50 per share and are currently trading at 23.03 per share.

Type :
Sub Sector :
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
67.03 Cr.

PAT :
2.35 Cr.

Pricing Report

Issue Price :
70.00

Listing Price :
66.50

Current Market Price :
23.03

Issue Price vs CMP :
46.97 (67.10%)

listing Price vs CMP :
43.47 (65.37%)

Performance Report (CAGR* wise)

CAGR : -37.31
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Rhetan TMT

Company Information
Rhetan TMT owns and operates a Steel Rolling Mill with an aggregate installed capacity of 30,000 MTPA. They are an IS 1786: 2008 certified company and they manufacture TMT Bars and Round Bars which are primarily used in construction industry. Their products have been used in construction of dams, bridges, residential and commercial towers and major infrastructure projects in Gujarat. Their plant is located at Survey No. 325, Karannagar, Kadi-Kalol Road, Taluka Kadi, Dist. Mehsana, Gujarat - 382715and is spread over 15,000 sq. yards. The plant is fully geared with latest technologies to provide good quality steel productsand the plant is operating smoothly since 2019.They have a vision to become one the trusted brands in TMT Bars manufacturing in their geography. Their sales have increased
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Object of Issue
  • Funding capital expenditure for expansion and modernization at , Karannagar, Kadi-Kalol Road, Taluka Kadi, DistMehsana, Gujarat -
  • Funding Working capital requirements
  • General Corporate Purpose

Rhetan TMT SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Sep, 2022
IPO Size :
56.00 Cr.
Market Cap :
148.75 Cr.   
IPO Subscription :
1.47 X     
PE Multiple :
63.64
IPO Registrar:
Bigshare Services Private Limited
Anchor Investors:

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FAQs

Rhetan TMT operates in Steel - Iron and . The Issue is listed on BSE SME in Sep, 2022. Rhetan TMT IPO size was 56.00 Cr. with Issue price of 70.00 .

Rhetan TMT IPO subscription was 1.47 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Rhetan TMT IPO listed at a listing price of 66.50 against the offer price of 70.00.

The current market price of Rhetan TMT is 23.03.

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