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A multi product distribution SME, ICL Multitrading is coming up with an IPO in 2018. The IPO is in the draft stage currently and is expected to be finalised soon. The number of shares proposed to be offered under ICL Multitrading IPO is 29,40,000 which represents almost 45% of the post issue paid up capital of the company. To know more about the IPO like the ICL Multitrading IPO date, ICL Multitrading IPO price, company background, company promoters, financial ratio of company and grey market price, please read the article below.

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ICL Multitrading IPO Review & Ratings

ICL Multitrading IPO Ratings & Review

CriteriaRatings
Industry Sentiments6.3/10
Industry Ranking6.2/10
Company Background6.6/10
Company Reputation6.2/10
Competitive Edge66.3/10
Financial Statements6.5/10
Popularity Index6.6/10
Promoters Reputation6.3/10
Retail Appetite6.4/10
Top Brokers Review6.5/10
Overall Ratings6.3/10 
Star Ratings★★★☆☆

Summary of ICL Multitrading IPO

ICL Multitrading IPOICL Multitrading is a multi-product branding and distribution Company. The company sells its products under the Brand “ICL”. The company focuses on distribution through the network of warehouses, super stockiest and distributors with the presence primarily in Uttar Pradesh, Uttarakhand. The major category of products includes consumer products such as spices, tea, suiting-shirting & related accessories, incense sticks (dhoop), gifting products and other products. ICL Multitrading has been promoted by Roop Kishore Gola, Avadhesh Kumar Gola and Rajni Gupta.

ICL Multitrading IPO holds 29,40,000 equity shares of face value Rs. 10 each. Certain portion of this will be reserved for the market makers. The IPO price is yet to be finalised by the company which will be decided in agreement with the lead managers and will be based on economic and market scenarios. The  factors affecting the price have been discussed in the later paras of this article.

The book running lead manager for this IPO is Corporate Capital Ventures, based in Mumbai and the registrar to the offer is Bigshare services.


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    ICL Multitrading IPO Date

    The company is yet to get some approvals from regulatory bodies and will finalise the date shortly. The same will be updated herein accordingly.

    ICL Multitrading IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    Day 1 – Nov 19, 20180.11x0.00x0.06x
    Day 2 – Nov 20, 20180.11x0.00x0.06x
    Day 3 – Nov 21, 20180.11x0.00x0.06x
    Day 4 – Nov 22, 20180.11x0.07x0.09x
    Day 5 – Nov 26, 20180.11x0.07x0.09x
    Day 6 – Nov 27, 20180.11x0.08x0.10x
    Day 7 – Nov 28, 20180.11x0.08x0.10x
    Day 8 – Nov 29, 20180.11x0.08x0.10x
    Day 9- Nov 30, 20180.11x0.08x0.10x
    Day 10 – Dec 3, 2018
    Shares Offered or Net Issue996,800996,8001,993,600

    The Total shares offered is 1,993,600 | RII – 996,800 | NII – 996,800 shares.

    ICL Multitrading IPO Allotment Status

    The details of allotment made to the subscribers will be updated here upon completion of subscription and allotment process.

    ICL Multitrading IPO Price Band

    The company is currently engaged in the book building process and in discussions with the book running lead manages to decide the offer price. The details will be updated herein once the company finalizes the same.

    ICL Multitrading IPO Issue Size

    The issue size will be determined based on the offer price decided by the company. Hence, the details will be updated only once the company decides the IPO offer price.

    ICL Multitrading IPO Equity Share Offerings

    The number of shares being offered under IPO is 29,40,000 which represents 45% of the post issue paid up capital of the company. From the said number, certain shares would be reserved for market makers and hence the balance will be available for the public subscription.


    ICL Multitrading Limited – Company Overview

    ICL Multitrading Limited was established in 2012 and through the next few years, the  Company was involved in branding and distribution of various products. Over the last few years the company been continuously adding new products and to product portfolio.

    ICL Multitrading Limited is a  multi-product branding and distribution Company. It sells products under the Brand “ICL”. It focuses on distribution through network of warehouses, super stockiest and distributors with the presence primarily in Uttar Pradesh, Uttarakhand. The major category of products includes consumer products such as spices, tea, suiting-shirting & related accessories, incense sticks (dhoop), gifting products and other products. Further, the company has also entered into herbal products segment and is procuring herbal wellness and cosmetic products
    from various manufacturers which are being sold through the online platform of our Group Company Adi Shopping
    Private Limited “www.adiherbal.com”. ICL Multitrading Limited gets products manufactured from third party manufacturers. The products are manufactured as per their requirements and specifications. The products are packed directly under thier brand name by these manufacturers. However, for Tea, the company has established  own sorting and packaging facility located in Uttar Pradesh. The company sells two varieties of tea  – ICL Premium and ICL Gold. Entire sourcing, sorting and packaging are done on its own in this facility.

    Company is led by  Promoter Rajni Gupta, Chairman and Managing Director, Roop Kishore Gola and Director, Avadhesh Kumar Gola.

    Key Members of ICL Multitrading Limited:

    • Roop Kishore Gola, Chairman & MD
    • Avadesh Kumar Gola, Whole-time Dircetor
    • Jitendra Kumar Gupta, Non executive Non Independent Director
    • Nilisha Chaudhary, Independent Director

    Competitive Strengths of ICL Multitrading Limited:

    • Experienced and Qualified management team
    • Diversified Variety of Products
    • Brand name
    • Widespread sales and distribution network and supply chain competencies

    Business Strategy of ICL Multitrading Limited:

    • Focus on Increase in Volume of Sales
    • Increase geographical presence
    • Leverage and enhance the ICL brand name

    ICL Multitrading – Financial Statements

    Lets have a look at the financial figures of the company to understand its performance and to assess the growth prospects of this company. Since the company was incorporated in FY 12-13, the figures have been presented only till FY 13-14.

    Assets of the Company

    Assets (in INR & Lakhs)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Non-Current Asset534402405120-*
    Current Asset6774531813174
    Total Asset1,2118555864374

    *Since the company was incorporated in FY 12-13, it did not own any major non-current assets.

    Revenue & PAT of the Company

    Revenue & Profits (in INR & Lakhs)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Total Revenue2,3312,531436190-*
    Profit after Tax (PAT)1003841-*

    Earnings per Equity Share

    Earning per Equity Share (in INR)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Basic7.3058.83NANANA
    Diluted7.3058.83NANANA

    While the company is comparatively a new venture, it has certainly shown a huge increment in its revenue and PAT figures. Also, since the company is engaged into a variety of products, the business will not get impacted strongly if any of the product industry gets any hit and hence having a balanced and varied portfolio will help the company to be strong during the tough times.


    ICL Multitrading Promoters

    Roop Kishore Gola, Avadhesh Kumar Gola and Rajni Gupta are the Promoters of ICL Multitrading Limited.

    Promoter Interest in the company

    Promoters are interested in the Company to the extent (i) that they have promoted our Company; (ii) of their
    shareholding and the shareholding of their relatives in our Company and the dividend payable, if any and other
    distributions in respect of the Equity Shares held by them or their relatives; (iii) of being Managing Director and Wholetime Director of the Company and the remuneration, sitting fees and reimbursement of expenses payable by the Company to them; (iv) of being a subscriber to the Memorandum of Association of our Company; and (v) that the Company has undertaken transactions with them, or their relatives or entities in which the Promoters hold shares.

    Promoter Interest in the property of the company

    The Promoters do not have any interest in any property acquired by our Company within two years of the date of the latest prospectus released by the company.


    ICL Multitrading IPO Offer Details or Issue Details

    ParticularsNo. of Equity Shares
    Equity Shares offeredIssue of 29,40,000 Equity Shares having face value of 10.00 each at a price of [●] per Equity Share (including a share premium of [●] per Equity share) aggregating [●] lakhs
    Of Which:
    Market Maker Reservation PortionIssue of [●] Equity Shares having face value of 10.00 each at a price of [●] per Equity Share aggregating [●] lakhs
    Net Issue to the Public*Issue of [●] Equity Shares having face value of 10.00 each at a price of [●] per Equity Share aggregating [●] lakhs
    Of which:
    [●] Equity Shares having face value of 10.00 each at a price of [●] per Equity Share aggregating [●] lakhs will be available for allocation to Retail Individual Investors
    [●] Equity Shares having face value of 10.00 each at a price of [●] per Equity Share aggregating [●] lakhs will be available for allocation to other than Retail Individual Investors
    Equity Shares outstanding prior to the Issue34,74,204 Equity Shares
    Equity Shares outstanding after the Issue64,14,204 Equity Shares

    ICL Multitrading IPO Issue Object

    ICL Multitrading IPO is aimed to raise funds for the following objective:

    • Meeting Additional Working Capital Requirements
    • Marketing and Brand Building
    • Expansion of business activities by setting up of new branch office at Mumbai
    • General Corporate Purposes

    List of Upcoming IPOs in 2018


    ICL Multitrading IPO – Basis of the Offer Price

    The company is in the process of book building wherein it is discussing with the lead managers to decide the IPO offer price. The IPO offer price is based on various qualitative and quantitative factors that have been discussed below.

    Qualitative factors influencing the offer price:

    • Experienced and Qualified management team
    • Diversified Variety of Products
    • Brand name
    • Widespread sales and distribution network and supply chain competencies

    Quantitative factors influencing the offer price:

    • Earning per share – The weighted average EPS for the latest 2 years is Rs. 13.49 and for FY 16-17 the EPS is Rs. 7.30.
    • Price/earning ratio – PE ratio is one of the key indicators used for analysing the performance of a company. Also, the same can be derived once the price of the share is decided.
    • Return on Net Worth – The RoNW for FY 16-17 is 59.36% and the weighted average RoNW is 37.21%.
    • Net Asset Value – NAV per Equity Share – The net asset value per equity share as on 31 March 2017 is Rs. 66.29
    • Comparison of Accounting ratios with Industry peers – The peer group includes Vardhman Acrylics, Kanco Tea and Industries Limited, Oceanic Foods etc.

    List of Latest IPOs of 2018


    ICL Multitrading IPO Lead Managers

    Lead Managers
    Corporate Capital Ventures Private Limited

    ICL Multitrading IPO Registrar to offer

    Registrar of the Offer
    Bigshare Services Private Limited

    ICL Multitrading IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
    Angel Broking6.3/106.4/106.5/106.6/106.3/10
    Sharekhan6.4/106.3/106.2/106.5/106.3/10
    Kotak Securities6.5/106.3/106.5/106.3/106.4/10
    ICICI Direct6.2/106.3/106.4/106.5/106.5/10
    IIFL6.6/106.4/106.5/106.4/106.2/10
    Edelweiss6.3/106.5/106.3/106.5/106.3/10
    Zerodha6.4/106.3/106.2/106.3/106.4/10
    5Paisa6.3/106.5/106.3/106.2/106.2/10
    Karvy6.4/106.3/106.4/106.4/106.1/10
    Motilal Oswal6.2/106.4/106.5/106.5/106.3/10

     ICL Multitrading IPO Grey Market Premium

    ICL Multitrading IPO will be releasing once the company gets all the requisite approvals. However, the grey market will open 15 days before the release of the IPO. Thus, the shares of ICL Multitrading will be dealt in grey market even before the same are listed on the stock exchanges. These shares will be traded on kostak rates which includes grey market premium.


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