ICL IPO – Upcoming IPO of ICL Multitrading India Ltd

   ICL IPO is being offered from 19-Nov-2018 to 22-Nov-2018.

ICL Multitrading India Limited is a company which primary business is related to the multi-product branding and distribution. ICL IPO is set to launch soon.

icl ipo

Company Detail

   ICL Multitrading India Ltd was incorporated in 2012 in Noida, Uttar Pradesh. This company is engaged in multi-product branding and distribution. The products of the company are sold and marketed with the brand name ‘ICL’. Their product portfolio includes spices, tea, suiting-shirting & related accessories, incense sticks (Dhoop), gifting products and other products.

Further, they have also entered into herbal products segment and are procuring herbal wellness and cosmetic products from various manufacturers which are being sold through the online platform “www.adiherbal.com”.

    They get their products manufactured by third-party manufacturers. These products are packed directly under their brand name by the manufacturers. It has established a  facility in Bareilly, Uttar Pradesh for sourcing, sorting, and packaging of tea. This company sells two variety of tea ICL Premium and ICL Gold.

    This company is focusing on distribution through its network of 7 warehouses, 17 super stockists, and multiple distributors majorly in Uttar Pradesh, Uttarakhand, and Jharkhand. The company has 89 employees on its payroll. As on 31-May-2018, the total assets of the company was recorded at Rs. 1,370 Lakhs.

Promoters: Roop Kishor Gola, Avadhesh Kumar Gola, Rajni Gupta, and Image Career Limited

Company Address: A-105, Sector 63 Noida, Gautam Buddha Nagar, Uttar Pradesh – 201307, India.
Telephone: +91-1204544143, Website: www.iclmultitrading.com, Email ID: info@iclmultitrading.com
Contact Person: Ms. Amrita Singh, Company Secretary, and Compliance Officer; Email ID: cs@iclmultitrading.com

Objects of the ICL IPO Issue

   Following are the objects of the ICL IPO issue:-

  • To meet the Working Capital requirements of the Company,
  • Branding & Advertising Expenses,
  • General Corporate Purposes, and
  • Issue Expenses

ICL IPO Issue Details

Issue Type Fixed Price IPO
Issue Opens 19-Nov-2018
Issue Closes 22-Nov-2018
Face Value Rs 10/- per equity share
Issue Price Rs 85/- per equity share
Minimum Order 1600 share (Rs 136,000)
Issue Size 2,100,800 Equity shares (17.86 Crores)
Listing NSE SME

ICL IPO Lead Manager

Corporate Capital Ventures Private Limited,

Address: 160, Basement, Vinoba Puri, Lajpat Nagar – II, New Delhi – 110024, India.
Telephone: +91 114170 4066, Email: info@ccvindia.com, Website: www.ccvindia.com

ICL IPO Registrar

Bigshare Services Private Limited

Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059, Maharashtra, India.

Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com

(Read: IPO process in India Steps)

Tags: #ipo #investment #Stock Market #ICL ipo

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