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|
|Top Brokers Review||6.3/10|
Summary of ICL Multitrading India IPO
The 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 Nov 19, 2018 – Dec 3, 2018.
ICL Multitrading India IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|Day 1 – Nov 19, 2018||–||0.11x||0.00x||0.06x|
|Day 2 – Nov 20, 2018||–||0.11x||0.00x||0.06x|
|Day 3 – Nov 21, 2018||–||0.11x||0.00x||0.06x|
|Day 4 – Nov 22, 2018||–||0.11x||0.07x||0.09x|
|Day 5 – Nov 26, 2018||–||0.11x||0.07x||0.09x|
|Day 6 – Nov 27, 2018||–||0.11x||0.08x||0.10x|
|Day 7 – Nov 28, 2018||–||0.11x||0.08x||0.10x|
|Day 8 – Nov 29, 2018||–||0.11x||0.08x||0.10x|
|Day 9 – Nov 30, 2018||–||0.11x||0.08x||0.10x|
|Day 10 – Dec 3, 2018||–|
|Shares Offered or Net Issue||–||996,800||996,800||1,993,600|
Total shares offered is 1,993,600 | RII – 996,800 | NII – 996,800 shares.
ICL Multitrading India IPO Allotment Status
The details of allotment made to the subscribers will be updated here upon completion of subscription and allotment process.
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
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.
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:
|Amount (in INR & Lakhs)|
|Profit After Tax||319.62||182.08||40.18|
Earnings per Equity Share (in Lakhs)
|Basic & Diluted (consolidated)||7.44||6.25||1.54|
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:
- Mr. Roop Kishore Gola
- Mr. Avadhesh Kumar Gola
- 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.
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.|
|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.|
|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 Portion||Upto 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 Issue||4,863,885 Equity Shares of face value of Rs. 10 each|
|Equity Shares outstanding after the Issue||6,964,885 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 EPS||RONW (%)||NAV (Rs.)|
- Industry P/E Ratio:
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Manorama Industries IPO 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: [email protected], 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
- 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 Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
ICL Multitrading India IPO Grey Market Premium
The ICL Multitrading India IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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ICL Multitrading India IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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