Tuesday, April 13, 2021

Rangoli Tradecomm IPO Details

Rangoli Tradecomm IPORangoli 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
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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: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

Valuation of Rangoli Tradecomm IPO (FY2020)

Earnings Per Share (EPS): INR9.61
Price/Earnings (PE ratio): 21.54 
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

   

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: [email protected]  
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

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