Comrade Appliances Limited IPO
BSE SMEListed On: Jun 13, 2023 at ₹ 87.0
₹ 108000 /2000 Shares
Check Allotment31 May, 2023
Open Date05 Jun, 2023
Close Date08 Jun, 2023
Allotment Date13 Jun, 2023
Listing DateIssue Price
₹52-54 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdList Price
87.0Listing Date
2023-06-13Market Lot
2000 Shares (₹108,000/-)Lead Manager
Gretex Corporate Services Pvt LtdIssue Size
2,278,000 shares(aggregating up to ₹12.30 Cr)Retail Portion
N/ASubscription
timesIPO Docs
DRHPComrade Appliances Limited IPO Details
Comrade Appliances Limited IPO is an SME IPO, priced at ₹52-54 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from May 31, 2023 to Jun 5, 2023. The allotment is expected to be finalized on Jun 8, 2023, and the tentative listing date is Jun 13, 2023.
Gretex Corporate Services Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and
Comrade Appliances Limited IPO Subscription Details
| As on | QIB / NII | Retail | |
|---|---|---|---|
| Shares Offered / Reserved | 432,000 / 440,000 | 758,000 | N/A |
| Day 1 - 31-05-23 06:00 PM | 0.00 / 0.34 x | 0.90 x | N/A x |
| Day 2 - 01-06-23 06:00 PM | 0.00 / 0.84 x | 3.28 x | N/A x |
| Day 3 - 02-06-23 06:00 PM | 0.01 / 2.68 x | 9.42 x | N/A x |
| Day 4 - 05-06-23 06:00 PM | 21.86 / 120.78 x | 72.08 x | N/A x |
Comrade Appliances Limited Valuations
Earnings Per Share (EPS)
₹0.99/-P/E Ratio
N/ARoNW
7.71%Net Asset Value (NAV) - Post Issue
₹12.78/-Comrade Appliances Limited Company Financials All values are in ₹ Lakh
| 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 |
About The Company
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)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.35%
- M/s Troupe Technologies Private Limited
- Mr. Khursheed Alam
- Mr. Mehboob Alam
Comrade Appliances Limited IPO - Issue Objectives
- Working Capital Requirements
- General Corporate Purposes
Comrade Appliances Limited IPO - FAQs
Ans. Comrade Appliances Limited IPO is a SME IPO. The issue is priced at ₹52-54 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on May 31, 2023, and closes on Jun 5, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Comrade Appliances Limited IPO opens on May 31, 2023 and closes on Jun 5, 2023.
Ans. The size of Comrade Appliances Limited IPO is 2,278,000 shares(aggregating up to ₹12.30 Cr).
Ans. The IPO price band is set between ₹52-54 per equity share.
Ans. To apply for Comrade Appliances Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Comrade Appliances Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Comrade Appliances Limited IPO is Jun 8, 2023.
Ans. The Comrade Appliances Limited IPO will be listed on Jun 13, 2023.
Ans. Follow the steps to check the allotment status for Comrade Appliances Limited IPO here.
