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Reetech International Cargo and Courier IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Raipur and caters to Logistics sector. Gretex Corporate Services is the merchant banker of Reetech International Cargo and Courier IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 19th August 2022.
Reetech International Cargo and Courier IPO open date is 27th September 2022 and close date is 29th September 2022. IPO Allotment Date is 4th October 2022 and Listing date is 10th October 2022.
IPO
Size:
₹ 11.71 Cr.
Avg IPO Size (Sector Based)
: ₹
25.01 cr.
Sector: Logistics
SME
IPO so far:
48
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
50
City:
Raipur
SME
IPO so far:
6
Revenue (annualised):
₹
116.89
cr. 
PE
Ratio:
10.64x
Average Sector PE Ratio: 15.95x
Reetech International Cargo and Courier IPO size is ₹ 11.71 Cr. with IPO price of ₹ 105.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the Reetech International Cargo and Courier IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Reetech International Cargo and Courier IPO.
Reetech International Cargo and Courier IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Reetech International Cargo and Courier IPO, based in Raipur, operates in the Logistics sector with a focus on Trading of Agriculture goods. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Reetech International Cargo and Courier IPO size is ₹ 11.71 Cr. with fresh issue size of ₹ 6.27 Cr. and Offer for sale being ₹ 5.44Cr.
The IPO allotment date for Reetech International Cargo and Courier IPO is expected to be 4th October 2022, after the finalization of basis of allotment. Investors can check Reetech International Cargo and Courier IPO allotment status on the registrars website, Bigshare Services Private Limited. Reetech International Cargo and Courier IPO refund dates are 6th October 2022.
Reetech International Cargo and Courier IPO is expected to be listed on 10th October 2022.
The upper price band for the Reetech International Cargo and Courier IPO is set at ₹ 105.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Reetech International Cargo and Courier IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Reetech International Cargo and Courier IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th September 2022. After submission, funds are blocked until the basis of allotment of Reetech International Cargo and Courier IPO is finalised.
The merchant banker for Reetech International Cargo and Courier IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Reetech International Cargo and Courier IPO RHP for further details.
The registrar for Reetech International Cargo and Courier IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Reetech International Cargo and Courier IPO through their official website or helpline.
Reetech International Cargo and Courier IPO was subscribed 1.67 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 11.71 Cr.
Avg IPO Size (Sector Based)
:
₹ 25.01 Cr.
Sector: Logistics
SME
IPO so far:
48
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
50
City:
Raipur
SME
IPO so far:
6
Revenue (annualised):
₹ 113.74 cr.
PE
Ratio:
10.64x
Average Sector PE Ratio: 15.95x
Reetech International Cargo and Courier IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Reetech International Cargo and Courier Financial Review Page
Merchant Banker(s) of Reetech International Cargo and Courier IPO: Gretex Corporate Services Limited
Reetech International Cargo and Courier IPO subscription was 1.67 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Reetech International Cargo and Courier IPO listed at a listing price of 83.60 against the offer price of 105.00.
The current market price of Reetech International Cargo and Courier is 34.28.
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