Comrade Appliances Limited IPO
Comrade Appliances Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹52–₹54 per share. The stock debuted at ₹87, delivering a listing gain of 61.1%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,08,000.
Comrade Appliances Limited IPO
- IPO Dates
- May 31, 2023 – Jun 5, 2023
- Price band
- ₹52-54 per equity share
- Minimum Investment
- ₹1,08,000
- Issue size
- 2,278,000 shares(aggregating up to ₹12.30 Cr)
- Lot size
- 2000
- Allotment Date
- Jun 8, 2023
- Listing
- Jun 13, 2023
- Listing At
- BSE SME
IPO timeline
-
May 31, 2023
Open Date
Completed
-
Jun 5, 2023
Close Date
Completed
-
Jun 8, 2023
Allotment Date
Completed
-
Jun 13, 2023
Listing Date
Completed
Comrade Appliances Limited IPO Essentials
Comrade Appliances Limited IPO Details
Comrade Appliances Limited IPO is priced at ₹52-54 per share with a total issue size of 2,278,000 shares(aggregating up to ₹12.30 Cr). The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹52-54 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,278,000 shares(aggregating up to ₹12.30 Cr)
- Listing at
- BSE SME
- List price
- 87.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Gretex Corporate Services Pvt Ltd
Comrade Appliances Limited IPO Details
- Retail Portion N/A
Comrade Appliances Limited IPO Documents
Comrade Appliances Limited IPO Analytics
Comrade Appliances Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Comrade Appliances Limited IPO Subscription Status
Comrade Appliances Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 432,000 / 440,000 | 758,000 | 1,630,000 |
|
Day 1
31-05-23 06:00 PM
|
(0.00 / 0.34) x | 0.90 x | 0.51 x |
|
Day 2
01-06-23 06:00 PM
|
(0.00 / 0.84) x | 3.28 x | 1.75 x |
|
Day 3
02-06-23 06:00 PM
|
(0.01 / 2.68) x | 9.42 x | 5.11 x |
|
Day 4
05-06-23 06:00 PM
|
(21.86 / 120.78) x | 72.08 x | 71.92 x |
Comrade Appliances Limited Valuations
Earnings
- EPS (Post IPO)
- ₹0.99/-
Returns
- RoNW
- 7.71%
Comrade Appliances Limited Financials( In Lakhs)
| 31-Aug-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 2,272.21 | 2,527.31 | 3,140.65 | 1,678.98 |
| Revenue | 1,559.15 | 2,973.28 | 2,603.85 | 2,162.29 |
| Profit After Tax | 100.45 | 38.75 | 20.21 | 41.80 |
Comrade Appliances Limited Company & Offer Insights
About Comrade Appliances Limited
Comrade Appliances Limited is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods and assembles various products. They offer end-to-end product solutions to their customers.
Comrade Appliances operate under both, Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) business models.
Under the OEM model, they manufacture and supply products basis designs developed by their customers, later these products are sold under the customer's brand name. Under the ODM model, along with manufacturing, Comrade Appliances Limited also conceptualize and designs the products which are then marketed to the customers' prospective customers under their brands.
Presently, the company's product portfolio of consumer goods consists of:
Air Coolers
Electric Geysers
The company's products are marketed, manufactured, and sold under the brand name Comrade.
The company has a manufacturing facility located at Palghar admeasuring 66,322 Sq. Ft.
Comrade Appliances Limited Promoter(s)
M/s Troupe Technologies Private Limited, Mr. Khursheed Alam, Mr. Mehboob Alam are the company's promoters of Comrade Appliances Limited.
Comrade Appliances Limited IPO Issue Objectives
- •
- Working Capital Requirements
- •
- General Corporate Purposes
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Comrade Appliances Limited IPO is a book-built IPO worth ₹2,278,000 shares(aggregating up to ₹12.30 Cr). The price band is ₹52–₹54 per share. The IPO opens on May 31, 2023 and closes on Jun 5, 2023. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Comrade Appliances Limited IPO is ₹52 to ₹54 per share.
The lot size of Comrade Appliances Limited IPO is 2000 shares.
The minimum investment for Comrade Appliances Limited IPO is approximately ₹1,08,000 based on the upper price band .
Comrade Appliances Limited IPO opens on May 31, 2023 and closes on Jun 5, 2023.
The allotment date of Comrade Appliances Limited IPO is Jun 8, 2023.
Comrade Appliances Limited IPO is expected to be listed on Jun 13, 2023, on BSE SME Platform.
Comrade Appliances Limited IPO valuation snapshot: P/E N/A, EPS ₹0.99/-, P/B N/A, RoNW 7.71%, and market cap N/A.
To apply for Comrade Appliances Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Comrade Appliances Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Comrade Appliances Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Comrade Appliances Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Comrade Appliances Limited IPO allotment status on IPO Ji for quick and easy access.