Rangoli Tradecomm SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- Listing date
- 22 Mar 2021
- Face value
- ₹10 per share
- Issue price
- ₹207 per share
- Lot size
- 600 shares
- Total issue size
- ₹45.15 Cr
- Market cap at offer price
- ₹171 Cr
- Promoter holding
- 78.35% → 57.61% pre-issue → post-issue
- ISIN
- INE0EMB01015
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Fedex Securities Pvt.Ltd.
- Registered office
- 2nd Floor, FL 2A, 12 Pathak Para Road, LP-7/17/0, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 1,11,600 | — | — |
Application size
Minimum 600 shares per lot, in multiples, at ₹207
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,24,200 |
| S-HNI (min) | 2 | 1,200 | ₹2,48,400 |
| S-HNI (max) | 8 | 4,800 | ₹9,93,600 |
| B-HNI (min) | 9 | 5,400 | ₹11,17,800 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹171 Cr |
About Rangoli Tradecomm SME
Originally incorporated as Rangoli Tradecomm Private Limited in Kolkata, West Bengal on July 30, 2009, the company was converted into a public limited company renamed Rangoli Tradecomm Limited on November 09, 2020. It is a pure trading/distribution business (it manufactures nothing and requires no plant or machinery) dealing in commodity polymers such as EVA, HDPE, LDPE, LLDPE and PP/PVC resin, engineering polymers such as ABS granules, GPPS, HIPS, Nylon PET, PMMA, polycarbonate and polystyrene, a wide range of chemicals and additives, and textiles comprising yarns, threads and fabrics. Operating on B2B and B2C models, it imports products at pre-agreed prices, stores them at e-warehouses/cargo and bonded warehouses, performs quality checks and delivers via third-party transportation through sales representatives spread across Delhi, Haryana, Himachal Pradesh, Punjab, Rajasthan, Gujarat and Maharashtra, serving manufacturers, traders, semi-wholesellers and garment makers. It earns revenue from sale of traded goods — ₹16,245.37 lakhs in FY2020 and ₹14,683.95 lakhs in the six months ended September 30, 2020 — in a self-described 'high volume and low margin' business dependent on its top ten customers (~90% of revenue) and top ten suppliers (~93% of purchases).
Company Analysis
from DRHPRangoli Tradecomm Limited is a Kolkata-based trading company engaged in the trading of Polymers (commodity polymers, engineering polymers, chemicals and additives) and Textile products (yarns, threads and fabrics).
Originally incorporated as Rangoli Tradecomm Private Limited in Kolkata, West Bengal on July 30, 2009, the company was converted into a public limited company renamed Rangoli Tradecomm Limited on November 09, 2020. It is a pure trading/distribution business (it manufactures nothing and requires no plant or machinery) dealing in commodity polymers such as EVA, HDPE, LDPE, LLDPE and PP/PVC resin, engineering polymers such as ABS granules, GPPS, HIPS, Nylon PET, PMMA, polycarbonate and polystyrene, a wide range of chemicals and additives, and textiles comprising yarns, threads and fabrics. Operating on B2B and B2C models, it imports products at pre-agreed prices, stores them at e-warehouses/cargo and bonded warehouses, performs quality checks and delivers via third-party transportation through sales representatives spread across Delhi, Haryana, Himachal Pradesh, Punjab, Rajasthan, Gujarat and Maharashtra, serving manufacturers, traders, semi-wholesellers and garment makers. It earns revenue from sale of traded goods — ₹16,245.37 lakhs in FY2020 and ₹14,683.95 lakhs in the six months ended September 30, 2020 — in a self-described 'high volume and low margin' business dependent on its top ten customers (~90% of revenue) and top ten suppliers (~93% of purchases).
Objects of the Issue
- Meeting Working Capital Requirements p.64
- General corporate purposes p.67
Issue Structure
- Total Issue
- Up to 22,00,000 Equity Shares of face value of ₹ 10 each fully paid-up for cash at price of ₹ [●] per Equity Share aggregating to ₹ [●] Lakhs
- Fresh Issue
- fresh issue of up to 22,00,000 equity shares by our Company aggregating up to Rs [•] Lakhs
- Face Value
- ₹ 10.00 each
Business Model
The company earns revenue by buying and reselling traded goods: it imports polymers and textile products at pre-agreed prices and sells them in India through sales representatives on a purchase-order basis under both a Business-to-Business (B2B) and Business-to-Customer (B2C) model. It supplies raw material to yarn and fabric manufacturers on credit (depending on vendor credibility) while procuring goods on advance or cash-on-delivery terms, earning cash discounts and volume benefits; in some cases it purchases finished products from the same factories and resells them to traders, semi-wholesellers and garment manufacturers.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Ganadhip Wholeseller Private Limited | Promoter (corporate) | 43.56% | — |
| Ushik Gala | Promoter | 12.04% | — |
| Sumit Pal Singh | Promoter | 11.38% | — |
| Ishita Gala | Promoter Group | 11.38% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.