Rangoli Tradecomm Limited IPO

Rangoli Tradecomm IPO
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Rangoli Tradecomm Private Limited is a non-employee company, dated July 30, 2009. It is a private unregistered company and is classified as a limited shareholding company.

Rangoli Tradecomm is currently in the business of trading Polymers and textile products. The Polymer trading business includes commodities, polymer engineering and chemical and additives while the textile business includes the trade in yarn, fibers and textiles.

The company has two corporate offices in Mumbai and Gurgaon. The company is located in North India, Delhi, Haryana, Himachal Pradesh, Rajasthan and Punjab and includes areas west of Gujarat and Maharashtra.

The company provides materials to make yarn and textile manufacturers on credit depending on how the seller can borrow and buy the same in advance or cash on delivery. In some cases, the company buys the final product from the same factory and sells it to traders, retailers, and clothing manufacturers.

The authorized capital of the company stands at Rs 74.0 lakhs and has a 99.05% payable amount of Rs 73.3 lakhs. The Rangoli Tradecomm Private Limited meeting last year (AGM) took place on 30 Sep, 2017. The company last renewed its funds on March 31, 2017 according to the Ministry of Corporate Affairs (MCA).

Rangoli Tradecomm Private Limited has been focusing on the trading business for the past 12 years and at present, the company’s operations are operational. Current board members and directors BHARAT PATHAK, USHIK MAHESH GALA, KANAHYA LAL SINGHANIA and ISHITA MAHESH GALA.

Competitive Strengths

  • A solid product image.
  • Widespread local presence.
  • The Power of Logistic.

Company Promoters

Ganadship Wholeseller Private Limited, Ushik Gala, and Sumit Pal Sing are the company’s sponsors.

Company Financials

ParticularsFor the year/period ended (₹ in lakhs)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets10,457.707,062.741,049.22697.08
Total Revenue14,683.9516,543.50352.200.12
Profit After Tax1,092.77211.25292.55(0.01)

Object Of The Issue

  • Fundraising for financial performance requirements.
  • Meeting common cooperative goals.
Rangoli Tradecomm IPO
Object Of The Issue

Rangoli Tradecomm IPO Details

IPO Opening DateMar 09, 2021
IPO Closing DateMar 12, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹207 per equity share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtBSE SME
Issue Size2,181,000 Eq Shares of ₹10
(aggregating up to ₹45.15 Cr)

Rangoli Tradecomm IPO – Schedule

Bid/Offer Opens On09 MAR 2021
Bid/Offer Closes On12 MAR 2021
Finalisation of Basis of Allotment16 MAR 2021
Initiation of Refunds19 MAR 2021
Credit of Shares to Demat Acct20 MAR 2021
IPO Shares Listing Date21 MAR 2021

Rangoli Tradecomm IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum1600₹124,200
Maximum1600₹124,200

Rangoli Tradecomm IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Rangoli Tradecomm IPO
How To Apply IPO

Apply For Rangoli Tradecomm IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Rangoli Tradecomm IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Rangoli Tradecomm IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

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
Websitehttp://www.key2elements.com/

What is SME IPO?

Rangoli Tradecomm IPO
What Is SME IPO

Companies with minimum post-issue capital of Rs 1 crore and maximum Rs 25 crores are eligible for SME IPO. BSE SME and NSE Emerge platform allows Small and medium enterprises (SME) to raise funds and get listed at the exchange through an SME IPO.

BasisSME IPO
Post-issue paid up capitalMinimum post issue capital of Rs 1 crore and maximum Rs 25 crore
Minimum Allotees in IPOMinimum number of allotees should be 50
IPO UnderwritingMandatory (100% underwritten with Merchant Banker underwriting 15%)
Track RecordRelaxed norms
Offer Document VettingBy Stock Exchange
IPO Application SizeRs 1,00,000
IPO Timeframe3 to 4 months
Reporting RequirementHalf yearly