About the Company:
Rangoli Tradecomm Ltd 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.
Company’s Registered Office is situated at Kolkata in the state of West Bengal and has 2 (two) corporate offices situated at Mumbai and Gurgaon.
Company has its presence in North India, Delhi, Haryana, Himachal Pradesh, Rajasthan and Punjab & also covering western regions of Gujarat and Maharashtra.
Company import products from various countries at pre-agreed prices and sell it in India depending upon demand from the manufacturers and other market conditions and store the goods at the E-warehouses or cargo warehouses.
Company functions on two business models for supplying Polymers and Textile products:
- Business 2 Business model (B2B)
- Business to Customer model (B2C).
Company deals in following categories of products:
- TEXTILES (Threads, Yarns,Fabrics)
- POLYMERS
- CHEMICALS AND ADDITIVES
Management Team:
- Mr. Ushik Gala (Designation: Chairman and Managing Director)
- Ms. Ishita Gala (Designation: Non Executive Director)
Objectives of the Issue:
Fresh Issue: (Rs.45.54 cr)
- Meeting Working Capital Requirements
- General corporate purposes
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | 30th Sept 20 |
|---|---|---|---|
| Revenue | 3.52 | 165.43 | 146.8 |
| Net Profit | 2.92 | 2.11 | 10.92 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Rangoli Tradecomm Ltd | 10 | 9.61 | 2.54 | 17.59 | 54.61 |
| Amani Trading & Exports Ltd | 10 | 2.12 | 30.66 | 9.47 | 22.35 |
| Hind Commerce Ltd | 10 | 1.86 | 1.77 | 4.99 | 37.20 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 9th March 2021 |
| Issue Closes on:. | 12th March 2021 |
| Issue Price | Rs.207 |
| Face Value | Rs.10 |
| Minimum Lot | 600 |
| Minimum Investment | Rs.1,24,200 |
| Issue Constitutes | 26.63% |
| Issue Size | Rs.45.54 cr |
| Market Cap | Rs.170 cr |
| Listing at | BSE SME |
| Equity Shares Offered | 22,00,000 |
| Equity Shares Prior to the Issue | 60,60,008 |
| Equity Shares after the issue | 82,60,008 |
Also Read : List of Upcoming IPO’s in India.
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 9.61 | 21.54 | 17.59 | 54.61 |
| Company Contact Info: |
|---|
| RANGOLI TRADECOMM LIMITED 2nd Floor, FL 2A, 12 Pathak Para Road, LP-7/17/0, Kolkata 700060, West Bengal, India. Tel No: 02249712096 Email: cs@key2elements.com Website: www.key2elements.com |
| IPO Registrar Info: |
|---|
| Bigshare Services Private Limited 1ST Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai -400 059, Maharashtra, India Tel.No: +91 22 62638200 E-mail Id: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in |
