Rangoli Tradecomm IPO is going to open for subscription from 09 March 2021. the company aims for an issue size of ₹45.15 Crore through this fixed price issues IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Rangoli Tradecomm Limited
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.
Objectives of the Issue
- To raise funds for working capital requirements.
- To meet general corporate purposes.
Basic details about the company
| Full name | Rangoli Tradecomm Limited |
| Sector | Trading |
| Industry | Trading |
IPO Details
| Issue type | Fixed-PriceIPO |
| IPO issue size | ₹45.15 crore |
| IPO Open date | 09 March 2021 |
| IPO Close date | 12 March 2021 |
| Number of shares offered to the public | 2,181,000 shares |
| Face value | ₹10 per equity share |
| Offer price | ₹207 per equity share |
| Retail portion | 50% |
| Lot size | 600 Nos |
| Minimum application | 1 lot – 600 shares |
| Minimum application amount | ₹124,200 |
| Listing Exchange | BSE SME |
Financial summary
| Particulars | For the year/period ended (₹ in lakhs) | |||
|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 10,457.70 | 7,062.74 | 1,049.22 | 697.08 |
| Total Revenue | 14,683.95 | 16,543.50 | 352.20 | 0.12 |
| Profit After Tax | 1,092.77 | 211.25 | 292.55 | (0.01) |
Company Promoters
- Ganadship Wholeseller Private Limited
- Ushik Gala
- Sumit Pal Sing
Lead Managers
- Fedex securities Ltd
Rangoli Tradecomm IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
Rangoli Tradecomm Limited
2nd Floor, FL 2A, 12 Pathak Para Road,
LP-7/17/0, Kolkata 700060
Phone: 02249712096
Email: cs@key2elements.com
Website: http://www.key2elements.com/
Final thoughts
Rangoli Tradecomm IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
happy investing
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