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Rangoli Tradecomm IPO is a fixed price issue of Rs 45.15 crores.
Rangoli Tradecomm IPO bidding started from March 9, 2021 and ended on March 12, 2021. The shares got listed on BSE SME on March 22, 2021.
Rangoli Tradecomm IPO price is ₹207 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹124,200.
Fedex Securities Pvt Ltd is the book running lead manager of the Rangoli Tradecomm IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Rangoli Tradecomm IPO DRHP for detailed information.
| IPO Date | March 9, 2021 to March 12, 2021 |
| Listing Date | March 22, 2021 |
| Face Value | ₹10 per share |
| Price | ₹207 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,181,000 shares (aggregating up to ₹45.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,060,008 |
| Share holding post issue | 8,241,008 |
| Market Maker portion | 111,600 shares |
Rangoli Tradecomm IPO offers 2,292,600 shares. 1,090,500 (47.57%) to NII, 1,090,500 (47.57%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 111,600 (4.87%) |
| Other Shares Offered | 1,090,500 (47.57%) |
| Retail Shares Offered | 1,090,500 (47.57%) |
| Total Shares Offered | 2,292,600 (100%) |
Investors can bid for a minimum of 600 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 | 600 | ₹124,200 |
| Retail (Max) | 1 | 600 | ₹124,200 |
| Lot Size Calculator | |||
Ganadship Wholeseller Private Limited, Ushik Gala, and Sumit Pal Sing are the company promoters.
| Share Holding Pre Issue | 78.35% |
| Share Holding Post Issue |
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
| 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) | |
[Dilip Davda] 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...
The Rangoli Tradecomm IPO is subscribed 1.50 times on March 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)
| Category | Subscription (times) |
|---|---|
| Other | 2.28 |
| Retail | 0.72 |
| Total | 1.50 |
| Listing Date | March 22, 2021 |
| BSE Script Code | 543274 |
| NSE Symbol | |
| ISIN | INE0EMB01015 |
| Final Issue Price | ₹207 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹207.00 |
| ₹211.00 |
| ₹207.50 |
| ₹221.55 |
| ₹220.40 |
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/
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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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 March 9, 2021, and closes on March 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
Visit Zerodha IPO Application Process Review for more detail.
The Rangoli Tradecomm IPO opens on March 9, 2021 and closes on March 12, 2021.
Rangoli Tradecomm IPO lot size is 600 Shares, and the minimum amount required is ₹124,200.
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, Nuvama, 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.
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