Rangoli Tradecomm Limited IPO (Rangoli Tradecomm IPO) Detail

Mar 9, 2021 - Mar 12, 2021

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.

Company Promoters:

Ganadship Wholeseller Private Limited, Ushik Gala, and Sumit Pal Sing are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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)

Objects of the Issue:

  • To raise funds for working capital requirements.
  • To meet general corporate purposes.

Rangoli Tradecomm IPO Details

IPO Opening DateMar 9, 2021
IPO Closing DateMar 12, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹207 per equity share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtBSE SME
Issue Size2,181,000 Eq Shares of ₹10
(aggregating up to ₹45.15 Cr)

Rangoli Tradecomm IPO Lot Size

The Rangoli Tradecomm IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹124,200).

ApplicationLotsSharesAmount (Cut-off)
Minimum1600₹124,200
Maximum1600₹124,200

Rangoli Tradecomm IPO Promoter Holding

Pre Issue Share Holding78.35%
Post Issue Share Holding

Rangoli Tradecomm IPO Subscription Status (Bidding Detail)

The Rangoli Tradecomm IPO is subscribed 1.50x times on Mar 12, 2021 07:49. The public issue subscribed 0.72x in the retail category, in the QIB category, and 2.28x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

2.28x

RII

0.72x

Total

1.50x

Rangoli Tradecomm IPO Prospectus

Rangoli Tradecomm IPO Rating

52
3.4
Rating:Rated 3.4 stars

Vote Here ...

Rangoli Tradecomm IPO Listing Date

Listing DateMonday, March 22, 2021
BSE Script Code543274
NSE Symbol
Listing In
ISININE0EMB01015
IPO Price₹207 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹207.00
₹211.00
₹207.50
₹221.55
₹220.40
320,400

Rangoli Tradecomm IPO Reviews / Ratings

Company Contact Information

Rangoli Tradecomm Limited
2nd Floor, FL 2A, 12 Pathak Para Road,
LP-7/17/0, Kolkata 700060


Phone: 02249712096
Email: cs@key2elements.com
Website: http://www.key2elements.com/

Rangoli Tradecomm IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Rangoli Tradecomm IPO Lead Manager(s)

Rangoli Tradecomm IPO FAQs

  1. What is Rangoli Tradecomm IPO?

    Rangoli Tradecomm IPO is a SME IPO of 2,181,000 equity shares of the face value of ₹10 aggregating up to ₹45.15 Crores. The issue is priced at ₹207 per equity share. The minimum order quantity is 600 Shares.

    The IPO opens on Mar 9, 2021, and closes on Mar 12, 2021.

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

  2. How to apply in Rangoli Tradecomm IPO through Zerodha?

    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

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Rangoli Tradecomm IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Rangoli Tradecomm IPO will open?

    The Rangoli Tradecomm IPO opens on Mar 9, 2021 and closes on Mar 12, 2021.

  4. What is the lot size of Rangoli Tradecomm IPO?

    Rangoli Tradecomm IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.

  5. How to apply for Rangoli Tradecomm IPO?

    You can apply in Rangoli Tradecomm 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.

  6. When Rangoli Tradecomm IPO allotment?

    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.

  7. When is Rangoli Tradecomm IPO listing date?

    The Rangoli Tradecomm IPO listing date is on Monday, March 22, 2021.

Rangoli Tradecomm IPO Message Board

Ranked Members  Ranked Members

Loading...
1. JayMehta |Mar 6, 2021 15:54
Instead of tracking the performance of the lead managers, I would rather prefer tracking the fundamentals of the company like analyzed by Mr Davda the company has had exponential growth in H1 FY21 which raises eyebrows and concerns about window dressing too however I would also like to highlight that PVC prices, which are now at Rs129.3/kg, have almost doubled since 1st May’20 so seeing the historical performance and calculating PE with FY 20 figures won''t be justifiable if you see other PVC manufacturers like Astral Poly Tech that trades at 118.78 trailing PE, Supreme Inds at 41.11, Prince Pipes at 30.53 even though they are into trading you can discount the valuation throughout the value chain so a PE of 7.18 seems fairly priced to me given the valuation the sector is receiving as a whole. Also if we are talking about track records one of their group company called Suumaya Lifestyle Ltd has given 600%+ returns to their shareholders and anchor investors every since their IPO in 2018       







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