IPO Issue Details
Issue Price / Price Band₹207 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size21,81,000 shares (aggregating up to ₹45.15 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 09 Mar 2021
Subscription CloseFri, 12 Mar 2021
Anchor AllotmentMon, 08 Mar 2021
Basis of AllotmentThu, 18 Mar 2021
Initiation of RefundsFri, 19 Mar 2021
Credit of Shares to DematFri, 19 Mar 2021
Listing DateMon, 22 Mar 2021
UPI Mandate Deadline2021-03-12
Application & Investment Details
Retail — Min (1 Lots)₹1,24,200 — 600 shares
Retail — Max (13 Lots)₹1,614,600 (13 Lots)
HNI — Min (2 Lots)₹2,48,400 — 1,200 shares
Net Offer to Public20,69,400 shares (aggregating up to ₹42.84 Cr)
Reserved for Market Maker1,11,600 shares (aggregating up to ₹2.31 Cr)
Pre-IPO Promoter Holding60,60,008 shares
Post-IPO Promoter Holding82,41,008 shares
About Rangoli Tradecomm Ltd.
Incorporated in 2009, Rangoli Tradecomm is primarily engaged in the buying and selling trading activities of Polymers and Textile products. Its Polymer business segment includes commodity polymer, engineering polymer & chemicals and additives whereas the Textile segment comprises products such as yarns, threads, and fabrics.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.Competitive strengthsStrong brand image.Widespread geographical presence.Logistic capabilities.
Objects of the Issue
Rangoli Tradecomm Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Meeting Working Capital Requirements
34.01
2
2 General corporate purposes
10.84
Shareholding & Lock-in
Pre-IPO Promoter Holding
60,60,008 shares
Post-IPO Promoter Holding
82,41,008 shares