Gujarat based Rhetan TMT’s Rs. 56 crore public issue on BSE SME platform opens for subscription on August 22
Mr. Shalin Shah, Managing Director, Rhetan TMT Ltd
Company to issue 80 lakh Equity shares of Rs. 10 face value at a price of Rs. 70 per share; Propose to list on BSE-SME Exchange
Highlights:-
· Public issue opens for subscription from August 22 and closes on August 25
· Minimum lot size for application is 2,000 shares; Minimum IPO application amount Rs. 1.4 lakh
· Funds raised through the issue will be used to fund expansion plans, meeting working capital requirements for the company’s business activities and general corporate purposes
· Proposes to expand production capacity to 45,000 MT per annum from 30,000 MT per annum currently
· For the FY21-22 company reported revenues of Rs. 67 crore and Net Profit of Rs. 2.34 crore
· Aryama...