About the Company:
ICL Multitrading India Ltd is a multi-product branding and distribution Company and Sells their products under the Brand “ICL”.
Company focusses on distribution through their network of warehouses, super stockiest and distributors with the presence primarily in Uttar Pradesh, Uttarakhand and Jharkhand.
Company’s major category of products includes consumer products such as spices, tea, suiting-shirting & related accessories, incense sticks (Dhoop), gifting products and other products.
Further, Company has also entered into herbal products segment and are procuring herbal wellness and cosmetic products from various manufacturers which are being sold through the online platform of “www.adiherbal.com”.
Company gets their products manufactured from third party manufacturers. The products are manufactured as per company’s requirements and specifications. The products are packed directly under company’s brand name by these manufacturers.
Company’s Background:
ICL Group was established as a small infra firm in Bareilly by Mr. Roop Kishore Gola in the year 2008. Over the years ICL Group has expanded its span and now includes Infra, Finance, Insurance, Multi-product trading, Dairy Products and online market place under its umbrella.
ICL is a well-known brand in Uttar Pradesh and Uttarakhand tier 2 and tier 3 places including small towns and tehsil level places.
Company’s Products are as follows:
Tea Products:
For Tea, Company has established their own sorting and packaging facility located at Jalaksh Compound, 10th KM, Rampur Road, Opposite AKC Hyundai, Showroom, VPO Nondoshi, Bareilly – 243 052, Uttar Pradesh. Company sells two varieties of tea ICL Premium and ICL Gold. Entire sourcing, sorting and packaging are done on company’s own in this facility.
Textile Products:
Company sells two kinds of products; fabric and stitched fabric like suiting, shirting, ties etc. In this segment, company use their sales agents and distributors to sell the products. They also deploy the products with their distributors who in turn sell them to local markets and sellers in small towns of UP, Uttarakhand
and Jharkhand.
Other Major Products:
- ICL Red Chilli / Coriander/ Turmeric/ Garam Masala Powder.
- Hair Tail Oil.
- Hair Tail Shampoo.
Product Wise Revenue Details: (in Lakhs)
Management Team:
- Mr. Roop Kishore Gola (Designation: Managing Director)
- Mr. Avadhesh Kumar Gola (Designation: Whole Time Director)
- Mr. Jitendra Kumar Gupta (Designation: Non-Independent Director)
Objectives of the Issue:
- To meet out the Working Capital requirements of the Company.
- Branding & Advertising Expenses.
- General Corporate Purposes.
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | FY 18 | 31st May 18 |
|---|---|---|---|---|
| Revenue | 26.48 | 50.58 | 57.31 | 92.24 |
| Net Profit | 0.38 | 1.72 | 3.05 | 0.57 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| ICL Multitrading India Ltd | 10 | 7.44 | 11.42 | 39.75% | 15.82 |
| Godrej Agrovet Ltd | 10 | 9.99 | 63.78 | 11.11% | 87.52 |
| Jhandewalans Foods Ltd | 10 | 3.09 | 12.70 | 9.73% | 31.72 |
| Naturite Agro Products Ltd | 10 | 0.33 | 295.45 | 0.014% | 23.48 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 19th November 2018 |
| Issue Closes on:. | 22nd November 2018 |
| Issue Price | Rs.85 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 Shares |
| Minimum Investment | Rs.1,36,000 |
| Issue Constitutes | 30.16% |
| Issue Size | Rs.17.85 cr |
| Market Cap | Rs.59.20 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 21,00,800 |
| Equity Shares Prior to the Issue | 48,63,885 |
| Equity Shares after the Issue | 69,64,885 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 7.44 | 11.42 | 39.75% | 15.82 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| ICL Multitrading India Ltd A-105, Sector 63 Noida, Gautam Buddha Nagar, Uttar Pradesh – 201 307, India. Tel. No.: +91 0120 4544 143 E-mail: info@iclmultitrading.com Website: http://www.iclmultitrading.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059, Maharashtra, India Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| CORPORATE CAPITALVENTURES PRIVATE LIMITED Address: 160, Basement, Vinoba Puri, Lajpat Nagar – II, New Delhi – 110024, India Tel. No: +91 114170 4066; Fax No: +91 114170 4066; Email: info@ccvindia.com Website: www.ccvindia.com |
