Reetech International Cargo and Courier Ltd IPO
i. Reetech International was incorporated in the year 2008, in the name and style of M R Agriculture Private Limited by the joint efforts of Mr. Mahendra Ahuja and Ms. Roma Ahuja. Company started its operation in the year 2009-10 Initially the Company was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing and Agriculture Products.
ii. The business of trading of Agriculture goods had been operated by the Company successfully in the past. In the year 2020, the promoters commenced business of trading of coal. In the year 2021, the company changed its name from M R Agriculture Private Limited to Reetech International Cargo and Courier Private Limited. The Promoters has a vision to look beyond the ordinary; to foresee opportunities; to attain the unattainable; to create in-roads into newer vistas of change and above all, to bridge the demand-supply gap for coal, the world’s fossil fuel.
iii. Mr. Mahendra Ahuja started as a small trader of coal in 2020, and within a short span of time, Reetech has emerged as one of the recognised suppliers of coal in the state of Chhattisgarh. They are based at Raipur, Chhattisgarh, and its operations are spread across India, with a vide network of Customers. The company’s diversified product portfolio comprises coal from Indonesia, South Africa, Australian and India, among other origins.
iv. They supply their products to the customers in various sectors i.e., Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation and Railway. In a very short span of time, the Company has been able to recognize itself as a trusted name in the coal industries due to its commitment to quality and reliability since its inception. Reetech International is one of the recognised traders of Coal and perform its operations from Gangavaram and other ports.
i. South African Coal
ii. Indonesian Coal
iii. Indian Coal
iv. US Coal
vi. Competitive Strength :
- Experience and Track Record.
- Experienced Promoters and Management.
- Repeat Business.
- Location Advantage.
- Satisfied Chain of Vendors.
- Progressive Employer.
Objects of the Reetech International Cargo and Courier Ltd IPO:
Reetech International Cargo and Courier Ltd IPO Details:
|Open Date:||Sep 27 2022|
|Close Date:||Sep 29 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue|
|Issue Size:||11.71 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 105 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Oct 10 2022|
Promoters And Management:
Financials of Reetech International Cargo and Courier Ltd IPO:
|Particulars (in lakhs)||Mar-22||Mar-21|
|Revenue from operations||11,374||1,840.26|
|Purchase of stocks||11,103.65||1,876.66|
|Change in Inventories||-110.15||-79.01|
|Employee Benifit Expense||25.59|
|Profit (Loss) before tax||587.44||40.51|
|Profit (Loss) for the period||417.29||30.1|
|Earnings per share||11.5||0.83|
Comparison With Peers:
|Name of the Company||CMP||FV||EPS||P/E|
|Reetech International Cargo and Courier Limited||105||10||11.5||9|
|Anmol India Limited||170||10||13.66||11|
|Redington (India) Limited||139||2||16.38||8|