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ICL Multitrading India Limited IPO (ICL Multitrading IPO) Detail

Nov 19, 2018 - Dec 3, 2018

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 "www.adiherbal.com"

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

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 Details

ICL Multitrading IPO Date Nov 19, 2018 to Dec 3, 2018
ICL Multitrading IPO Face Value ₹10 per share
ICL Multitrading IPO Price ₹85 per share
ICL Multitrading IPO Lot Size 1600 Shares
Issue Size2,100,800 shares of ₹10
(aggregating up to ₹17.86 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are Mr. Roop Kishore Gola, Mr. Avadhesh Kumar Gola, Mrs. Rajni Gupta and Image Career Limited.

Image Career Limited was incorporated in 2008 and its promoters are-

1 Mr. Anuj Kumar Gupta
2. Mr. Ashok Kumar Gupta
3. Mr Om Prakash
4. Mr. Anand Pal Gola
5. Mr. Dinesh Kumar
6. Ms. Neelam Gupta
7. Mr. Sanjay Kumar

ICL Multitrading IPO Lot Size

The ICL Multitrading IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹136,000).

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

ICL Multitrading IPO Review

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 Dec 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)
NII0.11
Retail0.10
Total0.11

ICL Multitrading IPO Prospectus

ICL Multitrading IPO Rating

22
3.4
Rating:Rated 3.4 stars
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Company Contact Information

ICL Multitrading India Limited
A-105
Sector 63 Noida,
Gautam Buddha Nagar- 201 307
Phone: +91 0120 4544 143
Email: info@iclmultitrading.com
Website: http://www.iclmultitrading.com/

ICL Multitrading IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

ICL Multitrading IPO Review

ICL Multitrading IPO Recommendation Summary

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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 Nov 19, 2018, and closes on Dec 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 Nov 19, 2018 and closes on Dec 3, 2018.

ICL Multitrading IPO lot size is 1600 Shares and the minimum order quantity is .

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, Edelweiss, 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

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6 Comments

6. Logical Investor |   Link |Feb 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 |Dec 15, 2018 10:18:41 PM
What happen to ipo.. When share will issue.. Or the ipo is withdrawn.
4. GrowYourMoney |   Link |Nov 29, 2018 2:38:54 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Extension won't bring Investors but shadyness for sure
3. S Patel |   Link |Nov 27, 2018 8:15:04 AM
Stay away from all SME till May 2019
2. Sunil Goel |   Link |Nov 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 |Nov 18, 2018 6:24:52 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Strictly, avoid all ipo till election. Save your money.