Suumaya Corporation Share Price

Suumaya Corporation Limited was originally incorporated as Rangoli Tradecomm Private Limited in Kolkata, West Bengal as a Private Limited Company dated July 30, 2009, with the Registrar of Companies, West Bengal. Subsequently, the status got converted into a Public Limited and the name was changed to Rangoli Tradecomm Limited dated November 09, 2020 and was again changed to Suumaya Corporation Limited on August, 07, 2021.Founded by Mr. Mahesh Devchand Gala, the Company is engaged in the business of supply chain of Polymers, Textile products, Nonferrous Metals and Chemical Additives, whereby Polymer includes commodity polymers and Textiles includes yarns, threads, fabrics and agro products. Apart from this, it has presence in North India, Delhi, Haryana, Himachal Pradesh, Rajasthan and Punjab also covering western regions of Gujarat and Maharashtra.The Company executes supply chain by providing raw materials mainly to the SME and MSME sector thus bridging the gap for these players in a cost efficient manner. The core product for which your Company facilitates supply chain are textile products which includes yarn, threadsand fabrics. Polymers which includes commodity polymers like PVC, HDPE, LDPE, LLDPE PP etc. It also started trading of agro products like wheat, rice and dal. The Company store goods at the Ewarehouses or cargo warehouses. It improves the inventory tracking and prevents loss or damage of items. It stock goods at bonded warehouses which helps to store goods with complete security without having to pay custom duty until the client requires the exit of goods no longer the warehouse operators have permission from government authorities. The Company enhanced market share in the PVC trading segment, especially in North and North Central zones within a short time of entering this space in 2019. During the year 2021, the Company executed trading of Textile products which includes yarn, threads, fabrics and medical textiles, polymers which includes commodity polymers like PVC, HDPE, LDPE, LLDPE PP etc, nonferrous metals like manganese ore and chemical additives like bitumen.In March, 2021 the Company raised money from public through IPO by issuing 21,81,000 Equity Shares aggregating to Rs 45.14 crore.