Rhetan TMT Ltd - IPO

Rhetan TMT Ltd IPO Details

Initial public offer of upto 80,00,000 equity shares of Rs. 10 each (Equity Shares) of Rhetan TMT Limited (RTL or the Company) for cash at a price of Rs. 70 per share (the Issue Price), aggregating to Rs. 56.00 croress (The Issue), of which upto 4,16,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 75,84,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 37.65% and 35.69 %, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 and the issue price is 7 times of the face value.

Objective of issue

Funding capital expenditure for expansion and modernization at 325,. Funding working capital requirements. General corporate purposes.

Rhetan TMT Ltd Contact Details

Rhetan TMT Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - rhetantmt@gmail.com

Website - www.rhetan.com