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 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 Date Mar 9, 2021 to Mar 12, 2021
Listing Date Monday, March 22, 2021
Face Value ₹10 per share
Price ₹207 per share
Lot Size 600 Shares
Issue Size2,181,000 shares of ₹10
(aggregating up to ₹45.15 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Rangoli Tradecomm IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 600 ₹124,200
Retail (Max) 1 600 ₹124,200

Rangoli Tradecomm IPO Promoter Holding

Pre Issue Share Holding 78.35%
Post Issue Share Holding

Rangoli Tradecomm IPO Review

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...

Rangoli Tradecomm IPO Subscription Status (Bidding Detail)

The Rangoli Tradecomm IPO is subscribed 1.50 times on Mar 12, 2021 7:49:00 AM. 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)

CategorySubscription (times)

Rangoli Tradecomm IPO Prospectus

Rangoli Tradecomm IPO Rating

Rating:Rated 3.4 stars
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Rangoli Tradecomm IPO Listing Date

Listing Date Monday, March 22, 2021
BSE Script Code 543274
NSE Symbol
Listing In
IPO Price ₹207 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

Phone: 02249712096

Rangoli Tradecomm IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Rangoli Tradecomm IPO Review

Rangoli Tradecomm IPO Recommendation Summary

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Rangoli Tradecomm IPO FAQs

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 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.

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.

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

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

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.

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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