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ICL Multitrading India Limited IPO (ICL Multitrading IPO) Detail

November 19, 2018 - December 3, 2018

ICL Multitrading IPO is a fixed price issue of Rs 17.86 crores.

ICL Multitrading IPO bidding started from November 19, 2018 and ended on December 3, 2018.

ICL Multitrading IPO price is ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the ICL Multitrading IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to ICL Multitrading IPO RHP for detailed information.

ICL Multitrading IPO Details

IPO Date November 19, 2018 to December 3, 2018
Listing Date [.]
Face Value ₹10 per share
Price ₹85 per share
Lot Size 1600 Shares
Total Issue Size2,100,800 shares
(aggregating up to ₹17.86 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion107,200 shares

ICL Multitrading IPO Reservation

ICL Multitrading IPO offers 2,100,800 shares. 996,800 (47.45%) to NII, 996,800 (47.45%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered107,200 (5.10%)
Other Shares Offered996,800 (47.45%)
Retail Shares Offered996,800 (47.45%)
Total Shares Offered2,100,800 (100%)

ICL Multitrading IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹136,000
Retail (Max) 1 1600 ₹136,000
Lot Size Calculator

About ICL Multitrading India Limited

Incorporated in 2012, Noida based ICL Multitrading India Limited is a company engaged in the business of multi-product branding and distribution.

The company sells its products under the Brand name "ICL". The product includes spices, tea, suiting-shirting, incense sticks (Dhoop) and gifting products.

ICL sells two varieties of tea ICL Premium and ICL Gold. It has established a facility in Bareilly, Uttar Pradesh for sourcing, sorting and packaging of the tea.

The company has entered into herbal products segment. It procures herbal wellness and cosmetic products from various manufacturers and is sold through ""

ICL focuses on distribution through its network of 7 warehouses, 17 super stockists and multiple distributors majorly in Uttar Pradesh, Uttarakhand and Jharkhand.

The company has 89 employees on its payroll.

Company Financials

Summary of financial Information (Standalone Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-May-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 1,370.08 1,377.58 1,210.08 855.43 586.34 437.35
Total Revenue 620.88 3,168.13 2,330.77 2,531.34 435.87 190.45
Profit After Tax 47.26 223.23 100.05 38.13 3.96 0.76
Summary of financial Information (Consolidated Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-May-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 2,311.20 2,372.42 2,037.20 925.67
Total Revenue 922.48 5,731.60 5,058.02 2,648.46
Profit After Tax 59.82 319.62 182.08 40.18

Objects of the Issue (ICL Multitrading IPO Objectives)

The objects of the Issue are-
1. To meet out the Working Capital requirements of the Company- Rs1050 lakhs
2. Branding & Advertising Expenses- Rs 275 Lakhs
3. General Corporate Purposes- Rs 260.68 Lakhs
4. Issue Expenses- Rs 200 lakhs

ICL Multitrading IPO Review (May apply)

[Dilip Davda]  

At a P/E of around 16 the issue appears fully priced. Its listed peers are not strictly comparable. On P/BV aspect, issue appears pricy. Hence cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...

ICL Multitrading IPO Subscription Status (Bidding Detail)

The ICL Multitrading IPO is subscribed 0.11 times on December 3, 2018 6:00:00 PM. The public issue subscribed 0.10 times in the retail category, times in the QIB category, and 0.11 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

ICL Multitrading IPO Prospectus

ICL Multitrading IPO Rating

Rating:Rated 3.4 stars
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ICL Multitrading India Limited Contact Details

ICL Multitrading India Limited
Sector 63 Noida,
Gautam Buddha Nagar- 201 307
Phone: +91 0120 4544 143

ICL Multitrading IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

ICL Multitrading IPO - Buy or Not

ICL Multitrading IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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ICL Multitrading IPO FAQs

ICL Multitrading IPO is a SME IPO of 2,100,800 equity shares of the face value of ₹10 aggregating up to ₹17.86 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600 Shares.

The IPO opens on November 19, 2018, and closes on December 3, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The ICL Multitrading IPO opens on November 19, 2018 and closes on December 3, 2018.

ICL Multitrading IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.

You can apply in ICL Multitrading IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for ICL Multitrading IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ICL Multitrading IPO allotment status.

The ICL Multitrading IPO listing date is not yet announced. The tentative date of ICL Multitrading IPO listing is [.].
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ICL Multitrading IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



6. Logical Investor |   Link |  Bookmark |February 6, 2019 1:32:10 PM
I have not applied but I am hoping for a positive listing. Extremely necessary for company like this to maintain market sentiments.
5. Saurabh Bansal |   Link |  Bookmark |December 15, 2018 10:18:41 PM
What happen to ipo.. When share will issue.. Or the ipo is withdrawn.
4. GrowYourMoney |   Link |  Bookmark |November 29, 2018 2:38:54 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Extension won't bring Investors but shadyness for sure
3. S Patel |   Link |  Bookmark |November 27, 2018 8:15:04 AM
Stay away from all SME till May 2019
2. Sunil Goel |   Link |  Bookmark |November 18, 2018 10:50:57 PM
Company is good even though the choice of LM is a bad one. Nonetheless, this ipo will decide the final fate of the LM
1. Hiteshji |   Link |  Bookmark |November 18, 2018 6:24:52 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Strictly, avoid all ipo till election. Save your money.