Rangoli Tradecomm Limited
IPO Details
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Having completed its public offering, Rangoli Tradecomm Limited's is now listed and trading on the BSE exchange as of Mar 22, 2021. The IPO raised cumulative capital of 21,81,000 Shares, including TBD in primary capital infusion.
The IPO was conducted with a price range of ₹207 to ₹207 and minimum investment requirement of 600 shares. subscription activity between Mar 09, 2021 and Mar 12, 2021 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Mar 17, 2021 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2009, Rangoli Tradecomm is mainly engaged in the trading of polymer and textile products, with its polymer segment covering commodity polymers, engineering polymers, chemicals, and additives, while the textile segment includes yarns, threads, and fabrics; the company operates through both B2B and B2C models and has a wide geographic presence across regions such as Delhi, North India, Haryana, Himachal Pradesh, Rajasthan, Punjab, Gujarat, and Maharashtra.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Brand: Well-recognized brand image.
- Wide Presence: Operations across multiple locations.
- Logistics Strength: Efficient and reliable logistics capabilities.
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