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Rangoli Tradecomm IPO is a fixed price issue of ₹45.15 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹45.15 crore.
Rangoli Tradecomm IPO bidding started from Mar 9, 2021 and ended on Mar 12, 2021. The shares got listed on BSE SME on Mar 22, 2021.
Rangoli Tradecomm IPO price is ₹207.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,24,200 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,48,400.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Rangoli Tradecomm IPO RHP for detailed Information.
| IPO Date | March 9, 2021 to March 12, 2021 |
| Listing Date | March 22, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹207 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,81,000 shares (aggregating up to ₹45.15 Cr) |
| Reserved for Market Maker | 1,11,600 shares Rikhav Securities Ltd. (aggregating up to ₹2.31 Cr) |
| Net Offered to Public | 20,69,400 shares (aggregating up to ₹42.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,60,008 shares |
| Share Holding Post Issue | 82,41,008 shares |
Rangoli Tradecomm IPO offers total 21,81,000 shares. Out of which 10,34,400 (47.43%) allocated to NII, 10,35,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,11,600 (5.12%) |
| NII (HNI) Shares Offered | 10,34,400 (47.43%) |
| Retail Shares Offered | 10,35,000 (47.46%) |
| Total Shares Offered | 21,81,000 (100.00%) |
Rangoli Tradecomm IPO opens on March 9, 2021, and closes on March 12, 2021.
| IPO Open Date | Tue, Mar 9, 2021 |
| IPO Close Date | Fri, Mar 12, 2021 |
| Tentative Listing Date | Mon, Mar 22, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 12, 2021 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,24,200 |
| Retail (Max) | 1 | 600 | ₹1,24,200 |
| HNI (Min) | 2 | 1,200 | ₹2,48,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| 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) | |
The Company Rangoli Tradecomm IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Meeting Working Capital Requirements | 34.01 |
| 2 | General corporate purposes | 10.84 |
[Dilip Davda] The company is engaged in the trading business of polymers and textile products. This segment is highly competitive with many players in the fray. Erratic performance posted by RTL so far indicated aggressive pricing of the issue. There is no harm in giving it a miss. Read detail review...
| Listing Date | March 22, 2021 |
| BSE Script Code | 543274 |
| NSE Symbol | |
| ISIN | INE0EMB01015 |
| Final Issue Price | ₹207 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹207.00 |
| Open | ₹211.00 |
| Low | ₹207.50 |
| High | ₹221.55 |
| Last Trade | ₹220.40 |
Rangoli Tradecomm Ltd.
2nd Floor, FL 2A,
12 Pathak Para Road,
LP-7/17/0,
Kolkata, West Bengal, 700060
Phone: 02249712096
Email: cs@key2elements.com
Website: http://www.key2elements.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rangoli Tradecomm IPO is a SME IPO of 21,81,000 equity shares of the face value of ₹10 aggregating up to ₹45.15 Crores. The issue is priced at ₹207 per share. The minimum order quantity is 600.
The IPO opens on March 9, 2021, and closes on March 12, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rangoli Tradecomm IPO using UPI as a payment gateway. Zerodha customers can apply in Rangoli Tradecomm IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rangoli Tradecomm IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rangoli Tradecomm IPO opens on March 9, 2021 and closes on March 12, 2021.
Rangoli Tradecomm IPO lot size is 600, and the minimum amount required for application is ₹1,24,200.
You can apply in Rangoli Tradecomm IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rangoli Tradecomm IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rangoli Tradecomm IPO allotment status.
The Rangoli Tradecomm IPO listing date is on Monday, March 22, 2021.
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