ICL Multitrading India Limited IPO
ICL Multitrading India Limited IPO
ICL Group was established in Bareilly, by Mr. R.K. Gola, a young entrepreneur with an exceptional foresight, in 2008. Over the years, the group has undertaken many arduous projects and accumulated skills, know-how. The group has gathered hands-on experience by participating rigorously in every challenge faced while building the ICL Group. During this time, the group has accumulated vision, pragmatism and has emerged as a butterfly out of its cocoon.
The group is serving & providing their services not only in terms of earning revenue but discharging their social obligations through Image Sewa Sansthan. The group instills corporate social responsibility in their employees by providing help to the poor section as well as physically disabled persons. Today under the ICL Group umbrella, there are multiple domains such as Finance, Insurance, Multi-Product Trading, High Tech Dairy Products, and Online Marketplace. The ambitious cold chain project is also in the fray. These domains serve to show the variety of work undertaken by the group as it has laboriously climbed the ladder to corporate success.
The group works relentlessly to provide utmost client/customer satisfaction. This is enunciated in the motto- “As We Make Our Customers the Hero of Our Story”.
Initially, the group started their functioning with a small capital of Rs. 2 lakhs and a single-room office. Today, the Company has a huge marketing network, a solid capital base and sound infrastructure in a span of a decade. The company has been thriving and has now established ICL as a brand particularly in North India.
The company is striving to reach the zenith in the field of suiting & shirting and FMCG products like ICL Fabrics, ICL Tea, ICL spices. The company is about to add a few more products to their already impressive roster. The major revenue comes from fabric which is almost 50% of the total revenue & rest revenue comes from other products. ICL Brand is very popular particularly in the mid towns of North India.
Presently all multinational companies who are dealing in FMCG & Fabric are looking towards the mid-town of the country which is an untouched huge market. But the promoter of the ICL Group anticipated this fact that the future market is in the mid towns, much before anyone else. That is why they targeted only mid-towns instead of entering in metropolitan cities. As a result, the growth rate of ICL in comparison to others is much higher. Forward planning and circumspection resulted in a favorable result for the company, which speaks volumes about the potential of the group.
Objects of the ICL Multitrading India Limited IPO:
ICL Multitrading India Limited IPO Details:
|Open Date:||Nov 19 2018|
|Close Date:||Dec 03 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||17.86 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 85 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Dec 11 2018|
Promoters And Management:
|(i) Authorized Share Capital (7,000,000 shares at FV@10)||7 Cr|
|(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue (4,863,885 Shares at FV@10)||4.8639 Cr|
|(iii) Present Issue ( 2,100,800 Shares at FV@10)||2.1008 Cr|
|(iv) Reservation for Market Maker ( 1,07,200 Shares at FV@10)||10.72 lakh|
|(v) Net Issue to Public (2,100,800-1,07,200= 19,93,600 Shares)||1.9936 Cr|
|(vi) QIB & HNI quota-9,96,800||50.0%|
|(vii) Retail Quota - 9,96,800||50.00%|
|(viii) Paid Up Share Capital after the issue||6.9647 Cr|
Financials of ICL Multitrading India Limited IPO:
Recommendation on ICL Multitrading India Limited IPO:
Lead Manager of ICL Multitrading India Limited IPO:
Registrar of ICL Multitrading India Limited IPO:
Bid Details of ICL Multitrading India Limited IPO as on
03-Dec-2018 18:00:00 IST
|Category||No.of shares offered||No. of shares bid|