Rhetan TMT Limited IPO
i. Rhetan TMT is part of Gujarat-based diversified business group promoted by Mr. Shalin Ashok Shah and his family. The group has business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Chemical Products.
i. The Company owns and operates a Steel Rolling Mill with an aggregate installed capacity of 30,000 MTPA. We are an IS 1786: 2008 certified company and we 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.
ii. The company’s 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.We have a vision to become one the trusted brands in TMT Bars manufacturing in the geography.
iii. The company’s sales have increased at a CAGR of 83.18 % from Rs. 2,000.84 lakhs in FY 2020 to Rs. 6,702.87 lakhs in FY 2022. Further the EBIDTA has increased at a CAGR of 167.07 % from Rs. 64.62 Lakhs in FY 2020 to Rs. 459.67 Lakhs in FY 2022.Due to this strong historical growth, we have decided to further expand the manufacturing capacities and hence we have decided to raise funds to increase the plant capacities and also the working capital capabilities.
Competitive Strengths :
- Well-educated and experienced management.
- Group Synergies
- Location of the Manufacturing Unit
Objects of the Rhetan TMT Limited IPO:
Rhetan TMT Limited IPO Details:
|Open Date:||Aug 22 2022|
|Close Date:||Aug 25 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue|
|Issue Size:||56 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 70 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Sep 05 2022|
Promoters And Management:
Financials of Rhetan TMT Limited IPO:
|Particulars (in Cr)||March 22||March 21||March 20|
|Revenue from operations||67||52||20|
|Cost of raw materials consumed||70||52||22|
|Changes in inventories||-9||-4||-3|
|Employee Benefit Expense||1||1.10||0.54|
|Profit (Loss) for the period||2.34||0.13||-0.58|