With new IPOs from one SME after another, the segment is currently enjoying the time of its life. One of the latest issues that are lined up to hit the market is from Rangoli Tradecomm Ltd. Here are some of the key Rangoli Tradecomm Ltd IPO details that you should be aware of.
About the company
Established in 2009 in the state of West Bengal, Rangoli Tradecomm Ltd is in the business of trading textile and polymer products. The company is basically involved in the buying and selling of commodity and engineering polymers, chemicals and additives, fabrics, threads, and yarns. The company does its trading activity through both the B2C (Business to Consumer) and B2B (Business to Business) models.
Rangoli Tradecomm Ltd enjoys wide-spread presence in northern and central India, which includes states such as Himachal Pradesh, Rajasthan, Haryana, Gujarat, Punjab, Maharashtra, and Delhi. The company has been consistently making profits of around Rs. 2 to 3 crores in the past two financial years.
Rangoli Tradecomm Ltd IPO details
Let’s now move onto taking a look at the key details of the new IPO, which includes the Rangoli Tradecomm Ltd IPO date and the Rangoli Tradecomm Ltd IPO share price.
Rangoli Tradecomm Ltd IPO date
The opening and closing dates of the upcoming IPO issue have been notified as March 09, 2021 and March 12, 2021 respectively.
Rangoli Tradecomm Ltd IPO issue size
The company is looking to issue up to 22,00,000 of its equity shares to the public. The total value of the issue size is likely to come up to Rs. 45.15 crores.
Rangoli Tradecomm Ltd IPO share price
Since the latest IPO issue from Rangoli Tradecomm Ltd is a fixed price issue, the company has decided to set the share price as Rs. 207 per equity share.
Rangoli Tradecomm Ltd IPO listing
The shares of the company would be listed on the Bombay Stock Exchange under the SME Platform.
Rangoli Tradecomm Ltd IPO objectives
The company is looking to use the net proceeds from this IPO issue for funding its working capital requirements and for meeting other corporate expenses.
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