ICL Multitrading IPO overview – ICL Multitrading is a multi-product branding and distribution company. It sells its products under the Brand “ICL”. The company focuses on distribution through its network of warehouses, super stockiest and distributors with the presence primarily in Uttar Pradesh, Uttarakhand and Jharkhand. Its major category of products include consumer products such as spices, tea, suiting-shirting & related accessories, incense sticks (Dhoop), gifting products and other products.
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 www.adiherbal.com.
While the company gets its products manufactured from third party manufacturers, ICL Multitrading has established its own sorting and packaging facility for Tea. The company sells two varieties of tea ICL Premium and ICL Gold with entire sourcing, sorting and packaging done in-house.
Promoters of ICL Multitrading – Roop Kishore Gola, Avadhesh Kumar Gola, Rajni Gupta and Image Career Limited
| ICL Multitrading IPO details | |
| Subscription Dates | 19 November – 3 December 2018 |
| IPO Price band | INR85 per share |
| Fresh issue | 2,100,800 shares (INR17.86 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,100,800 shares (INR17.86 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR10.50 crore
- Branding Advertising Expenses – INR2.75 crore
- General Corporate Purpose – INR2.61 crore
- Issue Expenses – INR2.00 crore
| ICL Multitrading’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 1.90 | 4.36 | 25.31 | 23.31 | 31.68 | |
| Total expenses | 1.89 | 4.30 | 24.73 | 21.67 | 28.16 | |
| Profit after tax | 0.01 | 0.04 | 0.38 | 1.00 | 2.23 | |
ICL Multitrading’s Contact Details
ICL Multitrading India Limited
A-105, Sector 63 Noida
Gautam Buddha Nagar
Uttar Pradesh – 201 307
Phone: +91 0120 4544 143
Email: [email protected]
Website: www.iclmultitrading.com
ICL Multitrading IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 0.06 |
| Day 3 | 0.06 |
| Day 4 | 0.08 |
| Day 5 | 0.09 |
| Day 6 | 0.09 |
| Day 7 | 0.09 |
| Day 8 | 0.09 |
| Day 9 | 0.10 |
ICL Multitrading Valuation (For FY2018)
Earnings Per Share (EPS): INR7.44
Price/Earnings (P/E) ratio: 15.65
Return on Net Worth (RONW): 39.75%
Net Asset Value (NAV): INR15.82 per share
Registrar of ICL Multitrading IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
ICL Multitrading IPO Allotment Status
ICL Multitrading IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of ICL Multitrading
IPO Opening Date: 19 November 2018
IPO Closing Date: 3 December 2018
Listing Date: To be updated
Listing Price on NSE SME: To be updated
Closing Price on NSE SME: To be updated
