Fixed Price IPO | ₹45 Cr | Listed at BSE SME | Tue, Mar 9, 2021 - Fri, Mar 12, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 9, 2021
IPO Close
Fri, Mar 12, 2021
Issue Price
₹207 per share
Market Cap (Pre-IPO)
₹170.59 Cr
| IPO Date | 9 to 12 Mar, 2021 |
| Listed on | Mon, Mar 22, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹207 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,81,000 shares (agg. up to ₹45 Cr) |
| Reserved for Market Maker | 1,11,600 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 20,69,400 shares (agg. up to ₹43 Cr) |
| Net Offered to Public | 20,69,400 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 60,60,008 shares |
| Share Holding Post Issue | 82,41,008 shares |
| BSE Script Code | 543274 |
| ISIN | INE0EMB01015 |
Rangoli Tradecomm IPO comprises a total issue size of 21,81,000 shares. The net offer to the public is 20,69,400 shares, after excluding 1,11,600 shares allotted on a firm basis. Of the Net offer 10,34,400 (49.99%) allocated to NII 10,35,000 (50.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,34,400 | 49.99% | 47.43% |
| Retail Shares Offered | 10,35,000 | 50.01% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,11,600 | 5.12% | |
| Total Shares Offered | 21,81,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting Working Capital Requirements | 34.01 |
| 2 | General corporate purposes | 10.84 |
The Rangoli Tradecomm IPO is subscribed 1.5 times on March 12, 2021 7:49:00 AM (Day 4). The public issue subscribed 0.72 times in the retail category, [.] times in the QIB category, and 2.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.28 | 10,90,500 | 24,85,200 |
| Retail | 0.72 | 10,90,500 | 7,84,200 |
| Total | 1.5 | 21,81,000 | 32,69,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.15 |
| 2 | Brokerage, Selling, Commission and upload fees | 0.03 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and Other Advisory Services | 0.02 |
| 5 | Advertising Expense | 0.02 |
| 6 | Regulators including Stock Exchange | 0.03 |
| 7 | Printing and Distribution of issue stationery | 0.00 |
| 8 | Others, if any (Market making, depositories, marketing fees etc.) | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹207.00 |
| Open | ₹211.00 |
| Low | ₹207.50 |
| High | ₹221.55 |
| Last Trade | ₹220.40 |
Lead Manager Reports
Rangoli Tradecomm IPO is a SME IPO of 21,81,000 equity shares of the face value of ₹10 aggregating up to ₹45 Crores. The issue is priced at ₹207 per share. The minimum order quantity is 600.
The IPO opens on Tue, Mar 9, 2021, and closes on Fri, Mar 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 Tue, Mar 9, 2021 and closes on Fri, Mar 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 Mon, Mar 22, 2021.
