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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.
| 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 Size | 2,100,800 shares (aggregating up to ₹17.86 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 107,200 shares |
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 Offered | 107,200 (5.10%) |
| Other Shares Offered | 996,800 (47.45%) |
| Retail Shares Offered | 996,800 (47.45%) |
| Total Shares Offered | 2,100,800 (100%) |
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 | |||
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.
| 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 |
| 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 | ||
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
[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...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)
| Category | Subscription (times) |
|---|---|
| Other | 0.11 |
| Retail | 0.10 |
| Total | 0.11 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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.
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