Rangoli Tradecomm Limited IPO Detail
Incorporated in 2009, Rangoli Tradecomm is primarily engaged in the buying and selling trading activities of Polymers and Textile products. Its Polymer business segment includes commodity polymer, engineering polymer & chemicals and additives whereas the Textile segment comprises products such as yarns, threads, and fabrics.
The company follows both the B2B (business to business) and B2C (business to customer) model to supply textile and polymer products. It is geographically spread across many cities such as Delhi, North India, Haryana, Himachal Pradesh, Rajasthan, Punjab, Gujarat, and Maharashtra.
Competitive strengths
- Strong brand image.
- Widespread geographical presence.
- Logistic capabilities.
Company Promoters
Ganadship Wholeseller Private Limited, Ushik Gala, and Sumit Pal Sing are the company promoters.IPO Details
| IPO Opening Date | Mar 09, 2021 |
| IPO Closing Date | Mar 12, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹207 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹45.15 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | x | x | x |
IPO Tentative Timetable
The Rangoli Tradecomm Limited IPO open date is Mar 09, 2021, and the close date is Mar 12, 2021. The issue may list on Mar 22, 2021.
| IPO Open Date | Mar 09, 2021 |
| IPO Close Date | Mar 12, 2021 |
| Basis of Allotment Date | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat Account | TBA |
| IPO Listing Date | Mar 22, 2021 |
IPO Lot Size
The Rangoli Tradecomm Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹124200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹124200 |
| Maximum | 1 | 600 | ₹124200 |
IPO Promoter Holding
| Pre Issue Share Holding | 78.35% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 10,457.70 | 14,683.95 | 1,092.77 |
| 31-Mar-20 | 7,062.74 | 16,543.50 | 211.25 |
| 31-Mar-19 | 1,049.22 | 352.20 | 292.55 |
| 31-Mar-18 | 697.08 | 0.12 | 0.01 |
Objects of the Issue:
- To raise funds for working capital requirements.
- To meet general corporate purposes.
