Incorporated in 2008, Reetech International Cargo and Courier Ltd is a Coal Supplier in India. The company’s diversified product portfolio comprises coal from Indonesia, South Africa, Australia and India, among other origins.
The company supply the products to 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.
Initially the Company was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, Dal Milling, Dal Processing and Agriculture Products.
Competitive Strength :
- Experience and Track Record.
- Experienced Promoters and Management.
- Repeat Business.
- Location Advantage.
- Satisfied Chain of Vendors.
- Progressive Employer.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 396.17 | 18.99 | 13.98 | 325.06 | 273.21 |
| 31-Mar-21 | 877.78 | 1842.41 | 30.1 | 365.59 | 313.74 |
| 31-Mar-22 | 1727.52 | 11689.1 | 417.29 | 801.06 | 749.21 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects :
a) Working Capital Requirements
b) General Corporate Purposes.
Reetech International Cargo IPO Details
| Reetech International Cargo IPO Date | Sep 27, 2022 to Sep 29, 2022 |
| Reetech International Cargo IPO Face Value | ₹10 per share |
| Reetech International Cargo IPO Price | ₹105 per share |
| Reetech International Cargo IPO Lot Size | 1200 Shares |
| Issue Size | 1,114,800 shares of ₹10 (aggregating up to ₹11.71 Cr) |
| Fresh Issue | 597,600 shares of ₹10 (aggregating up to ₹6.27 Cr) |
| Offer for Sale | 517,200 shares of ₹10 (aggregating up to ₹5.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Mahendra Ahuja and Ms. Roma Ahuja are the company promoters. |
Reetech International Cargo IPO Timeline
Reetech International Cargo IPO opens on Sep 27, 2022, and closes on Sep 29, 2022. The Reetech International Cargo IPO bid date is from Sep 27, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Reetech International Cargo IPO Opening Date | Sep 27, 2022 |
| Reetech International Cargo IPO Closing Date | Sep 29, 2022 |
| Basis of Allotment | Oct 4, 2022 |
| Initiation of Refunds | Oct 6, 2022 |
| Credit of Shares to Demat | Oct 7, 2022 |
| Reetech International Cargo IPO Listing Date | Oct 10, 2022 |
Reetech International Cargo IPO Lot Size
The Reetech International Cargo IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹126,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
Reetech International Cargo IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.62% |
Reetech International Cargo IPO Review
RICCL has diversified in a highly competitive and fragmented segment. The sustainability of margins reported for FY22 raises concern. Based on this performance, the issue appears reasonably priced. Post-IPO small equity base indicates longer gestation for migration. Cash surplus/risk seekers may consider an investment with a long-term perspective. Read detail review…
Reetech International Cargo IPO Prospectus
Company Contact Information
Reetech International Cargo and Courier Ltd
Raipur
492001
Phone: + 91 7714003800
Email: info@reetechinternational.com
Website: https://reetechinternational.com/
Reetech International Cargo IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com