IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
Up to ₹535.20 lakhs in equity shares
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |About Reet Projects Ltd
The company undertakes real estate development and construction, primarily developing and constructing projects such as Residential and Commercial Plotting, residential, commercial and industrial buildings, colonies, mills and factory's buildings, workshop's building, etc. They are primarily operating in the Bharuch district of Gujarat where they are focused on the development of plot, construction of row houses, bungalows, residential & commercial projects.
They focus on developing projects on land or sell plotted lands held by them as stock-in-trade. They also enter into memorandums of understanding for project management, marketing and branding development services with parties for development of projects.
The current shortage of housing in urban areas is estimated to be ~10 million units. An additional 25 million units of affordable housing are required by 2030 to meet the growth in the country’s urban population. This gap between demand and supply may provide a great opportunity for Reet Projects for its future growth.
Reet Projects Ltd IPO Details
Reet Projects Ltd IPO Dates
The dates for bidding for the Reet Projects IPO are yet to be announced.
Reet Projects Ltd IPO Price Band
Reet Projects is a fixed price IPO. The exact price is yet to be announced.
Reet Projects Ltd IPO Lot Size
The Reet Projects Ltd IPO lot size is not announced yet.
Reet Projects Ltd IPO Objectives
The net proceeds of the IPO will be used for the following purposes:
- Funding working capital requirements.
- General corporate purposes
Peer Details
The following are the listed peers of Reet Projects:
- Kesar India Limited
- AMJ Land Holdings Limited
- Ratnabhumi Developers Limited
How To Check the Allotment Status of the Reet Projects Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Reet Projects Ltd
Registered office: Shop No. 327, Third Floor, Ishana the Business Hub, Althan Surat City, Surat 395017, Gujarat
Phone: +91 99 9866 5650
E-mail: info@reetprojects.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 (Amount in ₹ lakhs) | Year Ending on March 31, 2022 (Amount in ₹ lakhs) | Year Ending on March 31, 2021 (Amount in ₹ lakhs) |
|---|---|---|---|
| Total Income | 80.51 | 31.59 | 159.40 |
| Profit After Tax | 9.27 | 0.54 | 0.52 |
| Return on Capital Employed | 0.06 | 0.01 | 0.00 |
| Debt to Equity Ratio | 8.97 | 1.92 | 1.32 |
| Current Ratio | 17.00 | 1.79 | 3.66 |
Know before investing
Strengths
2-
They focus on the overall management of their projects, including land acquisition, project conceptualisation and marketing. They work with service providers such as architects, project management consultants, contractors and international property consultants. It allows their clients to use Reet Projects as a single point of contact for all their real estate solutions.
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The area in and around Bharuch has major residential concentration owning to its proximity to the Dahej GIDC, which has over 170 companies. With the expansion of the companies in the GIDC, Reet Projects could see an influx of population around these areas, leading to a need to accommodate these employees within a reasonable distance. This would lead to an increased demand for the services of Reet Projects.
Risks
2-
Their ability to identify suitable parcels of land for development is a vital element of growing the business and involves certain risks, including identifying land with clean title and at locations that are preferred by their target customers.
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Work stoppages, shortage of labour and other labour problems could adversely affect their business. Further, their operations are dependent on contract labour and an inability to access adequate contract labour at reasonable costs at the project sites may adversely affect their business prospects and results of operations.
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Reet Projects Ltd IPO FAQs
Reet Projects IPO is a fixed price IPO. The dates for the IPO are yet to be announced.
The date of allotment is not announced yet.
The IPO subscription window is not announced yet.
The lot size for the IPO is yet to be announced.
The listing date for Reet Projects is not announced yet.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is yet to be announced.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
