Reetech International Cargo & Courier Ltd |
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| Public issue of 11,14,800 equity shares of face value of (Rs)10.00 each ("Equity Shares") of Reetech International Cargo and Courier Limited (the "Company" or the "Issuer") for cash at a price of (Rs)105.00 per equity share including a share premium of (Rs)95.00 per equity share (the "Issue Price") aggregating to (Rs)11.71 crores ("The Issue") comprising of a fresh issue of 5,97,600 equity shares aggregating to (Rs)6.27 crores (the "Fresh Issue") and an offer for sale of 5,17,200 equity shares by the selling shareholders ("Offer for Sale") aggregating to (Rs)5.43 crores of which 56,400 equity shares aggregating to (Rs)0.59 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 10,58,400 equity shares aggregating to (Rs)11.11 crores (the "Net Issue"). The issue and the net issue will constitute 26.37% and 25.04% respectivelyof the post issue paid-up equity share capital of the company.
The face value of the equity share is (Rs)10.00 and the issue price is 10.5 times of the face value of the equity shares.
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| Issue |
Money Payable On |
| Opened On |
Closed On |
Offer Price |
Application Money |
Allotment Money |
| 27-Sep-22 |
29-Sep-22 |
( )105.00 |
( )105.00 |
( )0.00 |
| Minimum Application for shares in Nos :1200 Further Multiples of :1200 |
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( Cr) |
Lead Managers to the Issue |
| Project Cost |
7.02 |
| Gretex Corporate Services Ltd |
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| Project Financed through Current Offer |
11.71 |
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| Post Issue Equity Share Capital |
4.23 |
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| Face Value |
10 |
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| Issue Price |
( )105.00 |
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