ICL Multitrading India IPO – Review, Allotment status, Subscription & GMP Price

ICL Multitrading India is a multi-product branding and distribution Company. The company sells  products under the Brand “ICL”. They focus on distribution through network of warehouses, super stockiest and distributors with the presence primarily in Uttar Pradesh, Uttarakhand and Jharkhand. ICL Multitrading India IPO comprises of 21,00,800 Equity shares of Rs.10 each at an Issue Price of Rs.85.

Let’s have a detailed review of the company and analytics of the ICL Multitrading India IPO release date, IPO offer price, subscription, ICL Multitrading India IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


ICL Multitrading India IPO Review & Ratings

ICL Multitrading IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.0/10
Financial Statements6.2/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.2/10
Star Ratings★★★☆☆

Summary of ICL Multitrading India  IPO

ICL Multitrading India IPOThe Company is a multi-product branding and distribution Company. They sell their products under the Brand “ICL”. The Company focus on distribution through network of warehouses, super stockiest and distributors with the presence primarily in Uttar Pradesh, Uttarakhand and Jharkhand. The Company have also entered into herbal products segment and are procuring herbal wellness and cosmetic products from various manufacturers which are being sold through the online platform of “www.adiherbal.com”. The Issue comprises of a Public Issue of 21,00,800 Equity shares of face value of Rs.10.00 each fully paid for cash at a price of Rs. 85 per Equity Share (including a share premium of Rs. 75 per Equity Share) (“Issue Price”) aggregating to Rs. 1,785.68 lakhs.

From FY 201-16 to FY 2017-2018, as per the Restated Financial Statements,

From fiscal 2017 to 2018, company’s revenue from operations and net profit has increased at a growth rate of 11.86% and 7.07%, respectively.

For the period ended March 31, 2018, FY 2017-16 and FY 2015-16, its revenue from operations was Rs 2,747.37, 2,456.04 Lakhs and 2,293.71Lakhs, respectively representing growth of 11.86% from the FY 2017-18 to FY 2017-18. Our net worth as on  31st March, 2018, 31 March, 2017 and 31st March 2016 was Rs. 769.45 lakhs, Rs. 259.81 lakhs & Rs. 71.00 lakhs respectively

  • During the financial year 2017-18 the Other Income of our company increased to Rs. 11.15 Lakhs as against Rs. 4.77 Lakhs for the financial year 2016-17, representing increase by 133.75% due to increase in interest income & insurance claim in FY 2016- 17.
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 223.23 Lacs from the year 2015-16 of Rs.  100.05 Lacs showing an increase of 123.21% from last year, showing remarkable performance.

The Promoter of this company is Mr. Roop Kishore Gola, Mr. Avadhesh Kumar Gola, Ms. Rajni Gupta and Image Career Limted. The lead manager to the issue is CORPORATE CAPITAL VENTURES PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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ICL Multitrading India IPO Date

The opening and the closing date of ICL Multitrading India IPO is not known yet.


ICL Multitrading India IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


ICL Multitrading India IPO Allotment Status

Allocation and allotment of equity shares through this issue will be done in multiple of 1,600 equity shares and is subject to a minimum allotment of 1,600 equity shares to the successful applicants in terms of the SEBI circular no. CIR/MRD/DSA/06/2012 dated February 21, 2012.


ICL Multitrading India IPO Price Band

The face value of each share is Rs 10 each and issue price is Rs.85.


ICL Multitrading India IPO Equity Share Offering

21,00,800 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


ICL Multitrading India Limited – Company Overview

The Company was initially incorporated as Private Limited Company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Kanpur, Uttar Pradesh dated September 7, 2012 with the name ‘ICL Infra developers Private Limited’.Subsequently, the Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on November 20, 2017 and consequently, the name of our Company was changed to ‘ICL Multitrading India Limited’.The Company is focused primarily on tier 2 and tier 3 places including small towns and tehsil level places. 

The Company gets their products manufactured from third party manufacturers.However, for Tea, they have established their own sorting and packaging facility located at Jalaksh Compound, Bareilly.

The Company is promoted by Mr. Roop Kishore Gola, Mr. Avadhesh Kumar Gola and Ms. Rajni Gupta., who has over a decade of experience in the  industry.They are  the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of ICL Multitrading India Limited:

  • Experienced and Qualified management team
  • Diversified and Innovative products range
  • Our brand names
  • Widespread sales and distribution network and supply chain competencies.

Business strategies of ICL Multitrading India Limited:

  • Focus on Increase in Volume of Sales
  • Increase geographical presence
  • Leverage and enhance the ICL brand name.
  •  Major Products, Services and Processes
  • High Margin Products

ICL Multitrading India Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-1831-Mar-1731-Mar-16
Total Assets2,372.422,037.20925.67
Total Revenue5,295.495,162.322,418.25
Total Expense5,177.194,752.042,585.88
Profit After Tax319.62182.0840.18

Earnings per Equity Share (in Lakhs)

31-Dec-1831-Mar-1731-Mar-16
Basic & Diluted (consolidated)7.446.251.54

From the above statements, one could find that the ICL Multitrading India Limited may perform well.


ICL Multitrading India IPO – Promoters

The Promoter of this company are:

  1. Mr. Roop Kishore Gola
  2. Mr. Avadhesh Kumar Gola 
  3. Ms. Rajni Gupta

List of Related Parties (Key Managerial Personnel)

  • Roop Kishore Gola
  • Avadhesh Kumar Gola
  • Rajni Gupta 
  • Image Career Limited
  • Maagh Advertising & Marketing Services
  • Adi Shopping
  • Gwet Cold chain 

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


ICL Multitrading India IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Issue of 2,100,800 Equity Shares having face value of Rs. 10 each at a price of Rs. 85 per Equity Share (including a share premium of Rs. 75 per Equity share) aggregating Rs. 1785.68 Lakhs.
 Of which:
 Reserved for Market Makers Upto 107,200 Equity Shares having face value of Rs. 10 each for cash at a price of Rs. 85 per Equity Share aggregating Rs. 91.12 Lakhs.
 Net Issue to the Public Upto 1,993,600 Equity Shares having face value of Rs. 10 each for cash at a price of Rs. 85 per equity share aggregating Rs. 1,694.56 Lakhs.
 Of which:
 Retail Investors Portion Upto 996,800 Equity Shares having face value of Rs.10 each (constituting 50% of the Net Issue to the Public) for cash at a price of Rs. 85 per equity share aggregating Rs. 847.28 Lakhs.
 Non-Retail Investors PortionUpto 996,800 Equity Shares having face value of Rs.10 each for cash at a price of Rs. 85 per equity share aggregating Rs. 847.28 Lakhs.
 Equity Shares outstanding prior to the Issue4,863,885 Equity Shares of face value of Rs. 10 each
 Equity Shares outstanding after the Issue6,964,885 Equity Shares of face value of Rs. 10 each

ICL Multitrading India IPO Issue Object

These are the IPO Issue Objects of the company

  • To meet out the Working Capital requirements of the Company;
  •  Branding & Advertising Expenses;
  •  General Corporate Purposes; and
  •  Issue Expenses

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ICL Multitrading India IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced and skilled management team and a motivated and efficient work force.
  •  Wide range of services.
  •  We have a large marketing and service network
  •  Quality assurance

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-161.4539.75
31-Mar-176.2566.41
31-Mar-187.4439.7515.82
  • Industry P/E Ratio:
ParticularsP/E ratio
Average 33.8
Highest295.50
Lowest8.8

 


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Manorama Industries IPO Lead Managers

Lead Managers
CORPORATE CAPITALVENTURES PRIVATE LIMITED
Address: 160, Basement, Vinoba Puri, Lajpat Nagar – II,
New Delhi – 110024, India
Tel. No: +91 114170 4066; Fax No: +91 114170 4066;
Email: , Website: www.ccvindia.com
SEBI Registration No: INM000012276
Contact Person: Pramod Negi/Pankaj Passi

ICL Multitrading India IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400059
Tel No.: 022-62638200, Fax No.: 022-62638299;
Website: www.bigshareonline.com
Email: ;
Contact Person: Srinivas Dornala
SEBI Registration No.: INR000001385


Other Details:

  • Statutory Auditor – M/s. Saroj Kumar Jha & Associates, Chartered Accountants
  • Peer Review Auditor –Saroj Kumar Jha & Associates, Chartered Accountants
  • Bankers to the Company –  ICICI Bank

ICL Multitrading India IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

ICL Multitrading India IPO Grey Market Premium

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ICL Multitrading India IPO News

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