Rangoli Tradecomm was established in the year 2009 and is mainly involved in the trading activities of Polymers and Textile products. Its Polymer business division includes the buying and selling of commodity polymer, engineering polymer, chemicals, and additives, while the Textile segment consists of yarns, threads, and fabrics trading.
The company follows both the B2B (business to business) and B2C (business to customer) model to supply textile and polymer products. It is geographically spread across many cities such as Delhi, North India, Haryana, Himachal Pradesh, Rajasthan, Punjab, Gujarat, and Maharashtra.
Rangoli Tradecomm IPO Details
| IPO Date | Mar 9, 2021 to Mar 12, 2021 |
| Listing Date | Mar 22, 2021 |
| Face Value | ₹10 per share |
| Price | ₹207 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,181,000 shares (aggregating up to ₹45.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Industry Overview
The polymer industry involves the manufacturing and distribution of plastic materials, including commodity polymers and engineering polymers, which are used in various applications such as packaging, construction, automotive, and electronics industries. On the other hand, the textile industry comprises the production and sale of various types of fabrics, yarns, and threads, which are utilized in fashion, home furnishings, and other textile-related applications.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in lakhs) | |||
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 10,457.70 | 7,062.74 | 1,049.22 | 697.08 |
| Total Revenue | 14,683.95 | 16,543.50 | 352.20 | 0.12 |
| Profit After Tax | 1,092.77 | 211.25 | 292.55 | (0.01) |
Objects of the Issue
- To raise funds for working capital requirements.
- To meet general corporate purposes.
Rangoli Tradecomm IPO Prospectus
Company Contact Information
Rangoli Tradecomm Limited
2nd Floor, FL 2A, 12 Pathak Para Road,
LP-7/17/0, Kolkata 700060
Phone: 02249712096
Email: cs@key2elements.com
Website: http://www.key2elements.com/
Rangoli Tradecomm IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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Rangoli Tradecomm IPO Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
