Rangoli Tradecomm Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,034,400 (47%) | — | ₹2,141 Cr |
| Retail | — | 1,035,000 (47%) | — | ₹2,142 Cr |
| Market Maker | — | 111,600 (5%) | — | ₹23 Cr |
| Σ Total | — | 2,181,000 (100%) | — | ₹45,147 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹124,200 |
| Retail (Max) | 13 | 7,800 | ₹1,614,600 |
| S-HNI (Min) | 14 | 8,400 | ₹1,738,800 |
| B-HNI (Min) | 67 | 40,200 | ₹8,321,400 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 14,684 | 16,544 | 352 |
| Profit After Tax | 1,093 | 211 | 293 |
| Total Assets | 10,458 | 7,063 | 1,049 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Meeting Working Capital Requirements – 34.01
- 2 General corporate purposes – 10.84
Company Overview
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.