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

Face ValueRs 10
Price BandNA
Listing AtBSE SME
Min. Order QuantityNA
Listing Date NA
Offer for SaleRs [●] Lakhs
Fresh IssueRs [●] Lakhs
IPO SizeRs [●] Lakhs
Tick SizeRs.1

Rangoli Tradecomm IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Rangoli Tradecomm Share Price – Live Performance

Rangoli Tradecomm IPO – Summary

Rangoli Tradecomm IPOTheir Company is currently engaged in the business of trading of Polymers and Textile products.

Polymer trading business includes commodity polymer, engineering polymer & chemicals and additives while Textile trading business includes trading of yarns, threads and fabrics.

Their Company’s Registered Office is situated at Kolkata in the state of West Bengal and has 2 (two) corporate offices situated at Mumbai and Gurgaon. Their Company has its presence in North India, Delhi, Haryana, Himachal Pradesh, Rajasthan and Punjab & also covering western regions of Gujarat and Maharashtra.

The promoters of the company are GANADHIP WHOLESELLER PRIVATE LIMITED, USHIK GALA AND SUMIT PAL SINGH. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is Bigshare Services Private Limited.


Rangoli Tradecomm IPO Date

The opening and the closing date of IPO of Rangoli Tradecomm Limited is not available yet.


Rangoli Tradecomm Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Rangoli Tradecomm IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Rangoli Tradecomm IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Rangoli Tradecomm IPO Price Band / Cash Price

The face value of each share is Rs 10, but the price band of the IPO is Rs.[●]


Rangoli Tradecomm IPO Equity Size

This Initial Public Issue of 22,00,000 Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.


Rangoli Tradecomm IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Lakhs,

Issue Size: 22,00,000 Eq Shares of Rs.10 each, aggregating to Rs.[●] Lakhs

Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.


Rangoli Tradecomm IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Rangoli Tradecomm Share Price

Rangoli Tradecomm IPO Grey Market Premium

The Rangoli Tradecomm Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Rangoli Tradecomm IPO – Company Overview

Their Company functions on two business models for supplying Polymers and Textile products:

1) Business 2 Business model (B2B) and

2) Business to Customer model (B2C).

Their Company supplies raw material to yarn and fabric manufacturer(s) on credit basis depending on the vendor creditability and procure the same on advance or cash on delivery basis due to which they get cash discount as well as volume benefit.

In some cases, their Company purchases final product of the same factory and sell it to traders, semi-wholesellers and garment manufacturer.

As on the date of this Draft Prospectus, their Company has not entered into any vendor or any similar agreements. Their Company trade in imported products and sell in India in different regions through their sales representatives / team.

However, they may have to change their business model as per the changes in market conditions such as faster distribution, price fluctuations and modern marketing etc.


Rangoli Tradecomm IPO – 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)
30-Sep-20Mar 2031-Mar 19Mar 18
Total Assets10,457.707,062.741,049.22697.08
Total Revenue14,683.9516,543.50352.200.12
Total Expense13,122.4616,237.890.060.12
Profit After Tax1,092.77211.25292.55(0.01)

Earnings per Equity Share (in Lakhs)

Mar 2031-Mar 19Mar 18
Basic28.8239.91(0.00)
Diluted
9.6113.30(0.00)


Rangoli Tradecomm Limited IPO – Promoters

The Promoters of this company are:

  • GANADHIP WHOLESELLER PRIVATE LIMITED,
  • USHIK GALA AND
  • SUMIT PAL SINGH

List of Related Parties (Key Managerial Personnel)

  • Ushik Gala, Chairman and Managing Director
  • Dhwani Dattani, Chief Financial Officer
  • Bharat Gangani, Company Secretary and Compliance Officer

Rangoli Tradecomm: Competitive Strength

Their Company focuses on changing trends, evolving needs of their Industry:

  • Brand Image
  • Collaborative and experienced work force
  • Widespread Geographical reach
  • Logistics Capabilities

Rangoli Tradecomm IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 22,00,000 Equity Shares aggregating up to Rs.[●] Lakhs
of which:
Market Maker Reservation PortionUp to [●] Shares aggregating up to Rs.[●]
Lakhs
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.58,000
Lakhs
Of which:
Retail Portion[●]  Shares aggregating to Rs.[●] Lakhs
Non – Institutional PortionNot less  than [●] Equity Shares
 Equity Shares outstanding prior to the Issue[●] Equity Shares
* Equity Shares outstanding after the Issue[●] Equity Shares

Rangoli Tradecomm IPO Issue Object

Their Company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Meeting Working Capital Requirements
2. General corporate purposes


Rangoli Tradecomm 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:

  • Brand Image
  • Collaborative and experienced work force
  • Widespread geographical reach
  • Logistics capabilities

The relevant quantitative factors are:

Basic EPSRONW (%)NAV (Rs.)
31-Mar-2028.8217.5954.61
*31-Mar-1939.9129.56
31-Mar-18(0.00)0.00

Rangoli Tradecomm IPO : Competitive Peers

Listed PeersFace Value (Rs.)P/EEPS Basic (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Rangoli Tradecomm Limited*10[●]28.8217.59163.82
Listed Peers
Amani Trading & Exports Limited1030.662.129.4722.35
Euro Asia Exports Limited10NANA(2.25)2.68
Hind Commerce Limited101.771.864.9937.20

Rangoli Tradecomm IPO Lead Managers

Lead Managers
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
Fax No.: 022 2618 6966
E-mail: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Rinkesh Saraiya
SEBI Registration Number: INM000010163
Investor Grievance E-Mail: mb@fedsec.in

Rangoli Tradecomm 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 -400 059, Maharashtra, India
Tel.No: +91 22 62638200
Fax No: +91 2262638299
E-mail Id: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person:. Arvind Tandel
SEBI Registration No: INR000001385

Rangoli Tradecomm IPO – Other Details

  • Statutory Auditor – Chahan Vora & Associates
  • Legal Counsel to the Company – Pooja Sharma
  • Bankers to the Company –  SBM Bank (India) Limited


Rangoli Tradecomm IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Rangoli Tradecomm IPO News

News 1 – Rangoli Tradecomm Limited IPO DRHP Download


Rangoli Tradecomm IPO Review FAQs

Ques – What is the Issue Size of Rangoli Tradecomm IPO?

Answer – The Company is making an initial public offer of 22,00,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

Ques – What is the Price band?

Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

Ques – What is the Rangoli Tradecomm IPO Open Date?

Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

Ques – What is the IPO Allotment Date?

Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.

Ques – What is the IPO Listing Date?

Answer – Shares of this company shall be listed in the exchanges BSE SME. Date when the listing would be done is stagnant on NA.

Ques – Who is the Registrar of this IPO?

Answer – One of the reputed registrars are managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on a lookout for.

Ques – Who is the Promoter of this Company?

Answer – Here are the promoters of this company – GANADHIP WHOLESELLER PRIVATE LIMITED, USHIK GALA AND SUMIT PAL SINGH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

Ques – What is GMP of Rangoli Tradecomm IPO?

Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Ques – Is Rangoli Tradecomm IPO good for Investment?

Answer – This company has been in business from the past 12 years and is situated in Kolkata. We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

Ques – What is the PAT of this Company?

Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is 211.25, 2019 is 292.55, 2018 is (0.01). PAT from Sep 2020 is 1,092.77.


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