ICL Multitrading India Ltd

ICL Multitrading

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:

  1. Mr. Roop Kishore Gola (Designation: Managing Director)
  2. Mr. Avadhesh Kumar Gola (Designation: Whole Time Director)
  3. 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)




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:
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:
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