Rangoli Tradecomm Limited

Rangoli Tradecomm Limited IPO Review

Rangoli Tradecomm is presently occupied with the matter of exchanging Polymers and Textile items. Polymer exchanging business incorporates product polymer, designing polymer and synthetic substances and added substances while Textile exchanging business incorporates exchanging of yarns, strings and textures. 

The organization has two corporate workplaces in Mumbai and Gurgaon. The organization has its essence in North India, Delhi, Haryana, Himachal Pradesh, Rajasthan and Punjab and additionally covering western locales of Gujarat and Maharashtra. 

The organization supplies crude material to yarn and texture producers using a credit card premise contingent upon the merchant validity and obtains something similar ahead of time or money down premise. Now and again, the organization buys the eventual outcome of a similar plant and offers it to dealers, semi-wholesalers and piece of clothing makers.

Subscription Dates9 – 12 March 2021
Price BandINR207 per share
Fresh issue2,181,000 shares (INR45.15 crore)
Offer For SaleNil
Total IPO size2,181,000 shares (INR45.15 crore)
Minimum bid (lot size)600 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
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FY2018

FY2019

FY2020

H1 FY2021

Revenue

0.01

3.52

165.43

146.84

Expenses

0.01

0.01

162.38

131.22

Net income

0.00

3.52

3.06

15.62

Net margin (%)

0.0

100.0

1.8

10.6

Earnings Per Share (EPS): INR9.61
Price/Earnings (PE ratio): 21.54 
Return on Net Worth (RONW): 17.59%
Net Asset Value (NAV): INR54.61 per share

Listing Performance of Rangoli Tradecomm Limited

John Murphy defines Technical Analysis as “the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.” Market action refers to price, volume, and open interest data. While analysis of this data can’t make absolute predictions about the future, studying the past price movements on a chart can help technical analysts anticipate what is “likely” to happen to prices going forward.

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NSE : NA

BSE : 543274

ISIN CODE : INE0EMB01015

IPO Opening Date: 9 March 2021
IPO Closing Date: 12 March 2021
Listing Date: 22 March 2021
Opening Price on BSE SME: INR211 per share (up 1.93% from IPO price)
Closing Price on BSE SME: To be updated

Rangoli Tradecomm Limited
2nd Floor, FL 2A
12 Pathak Para Road
LP-7/17/0,
Kolkata 700060, West Bengal
Phone: +91 022 49712096
Email: cs@key2elements.com  
Website: www.key2elements.com

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

DaySubscription (no. of times)
Day 1

0.20

Day 2

0.60

Day 3

1.49

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Rangoli Tradecomm Limited IPO FAQ's

The Rangoli Tradecomm Limited IPO is a SME IPO of ₹207 per equity share with a face value of ₹10 per equity share. 

The issue size is priced at 2,181,000 equity shares of ₹10 (aggregating up to ₹45.15 Crore).

The initial public offering (IPO) begins on Mar 9, 2021 and ends on Mar 12, 2021.

The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and SME.

The Rangoli Tradecomm Limited IPO opens on Mar 9, 2021 and closes on Mar 12, 2021. The IPO Issue date may list on Mar 22, 2021.

The Rangoli Tradecomm Limited IPO Market lot size is 600 Shares and the minimum order quantity is 600 Shares.

The finalization of Basis of Allotment for Rangoli Tradecomm Limited IPO will be done in March 2021 and the allotted shares will be credited to your demat account by March 2021. Check the Rangoli Tradecomm Limited IPO status.

The Rangoli Tradecomm Limited IPO listing date is on March 22, 2021.

Rangoli Tradecomm Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

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Rangoli Tradecomm Limited IPO Comments