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News Details

22/09/2022 20:00

Reetech Internationa announces launch of initial public offering

Reetech International Cargo and Courier Ltd. has announced public offering of 1114800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 95.00 per share. The gross proceeds of the issue are expected to be Rs 1,170.54 lakhs.

The company's initial public offer (IPO) will open on 27 September 2022 and is expected to close on 29 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1114800 Equity Shares of the Company at an price of Rs 105.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Reetech International Cargo and Courier Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.