Rangoli Tradecomm IPO Details
Rangoli Tradecomm IPO description – Rangoli Tradecomm 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.
The company has two corporate offices in Mumbai and Gurgaon. The company has its presence in North India, Delhi, Haryana, Himachal Pradesh, Rajasthan and Punjab & also covering western regions of Gujarat and Maharashtra.
The company supplies raw material to yarn and fabric manufacturers on credit basis depending on the vendor creditability and procure the same on advance or cash on delivery basis. In some cases, the company purchases final product of the same factory and sells it to traders, semi-wholesellers and garment manufacturer.
Promoters of Rangoli Tradecomm – Mr Roshan Kumar Rawal
| Rangoli Tradecomm IPO details | |
| Subscription Dates | 9 – 12 March 2021 |
| Price Band | INR207 per share |
| Fresh issue | 2,181,000 shares (INR45.15 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,181,000 shares (INR45.15 crore) |
| Minimum bid (lot size) | 600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Rangoli Tradecomm financial performance (in INR crore)
| FY2018 | FY2019 | FY2020 | H1 FY2021 | |
| Revenue | 0.01 | 3.52 | 165.43 | 146.84 |
| Expenses | 0.01 | 0.01 | 162.38 | 131.22 |
| Net income | 0.00 | 3.52 | 3.06 | 15.62 |
| Net margin (%) | 0.0 | 100.0 | 1.8 | 10.6 |
Registrar of Rangoli Tradecomm IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Valuation of Rangoli Tradecomm IPO (FY2020)
Earnings Per Share (EPS): INR9.61
Price/Earnings (PE ratio): 21.54Â
Return on Net Worth (RONW): 17.59%
Net Asset Value (NAV): INR54.61 per share
Rangoli Tradecomm IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 |
0.20 |
| Day 2 |
0.60 |
| Day 3 |
1.49 |
| Â | Â |
Rangoli Tradecomm Contact Details
Rangoli Tradecomm Limited
2nd Floor, FL 2A
12 Pathak Para Road
LP-7/17/0,
Kolkata 700060, West Bengal
Phone: +91 022 49712096
Email:Â [email protected] Â
Website: www.key2elements.com
Rangoli Tradecomm IPO Allotment Status
Rangoli Tradecomm IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Performance of Rangoli Tradecomm
IPO Opening Date: 9 March 2021
IPO Closing Date: 12 March 2021
Listing Date: 22 March 2021
Opening Price on BSE SME: INR211 per share (up 1.93% from IPO price)
Closing Price on BSE SME: To be updated
