loader
Comrade Appliances Limited
Issue Size (Net)
up to Rs.12.30 Cr
Price Band
Rs.52 to Rs.54 per share
Issue Opens
31-May-23
Issue Closes
05-June-23

Company Highlights

1.Company Information

Incorporated in 2017, 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.

2. Objective of the Issue
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:

1. Working Capital Requirements

2. General Corporate Purposes

3. Comrade Appliances IPO Registrar
Bigshare Services Pvt Ltd

Phone:+91-22-6263 8200

Email: ipo@bigshareonline.com

Website:https://www.bigshareonline.com/

Comrade Appliances Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-20
1,678.98
2,162.29
41.8
293.4
-38.97
400.93
31-Mar-21
3,140.65
2,603.85
20.21
241.77
-90.6
1,412.38
31-Mar-22
2,527.31
2,973.28
38.75
502.43
-14.87
1,113.79
31-Aug-22
2,272.21
1,559.15
100.45
602.88
85.61
1,080.74
Amount in Rs. Lakhs

Comrade Appliances IPO Details

Issue Opening Date
31 May-23
Issue Closing Date
05 June-23
Face Value
Rs.10 per share
Price
Rs.52 to Rs.54 per share
Lot Size
2000 Shares
Issue Size
2,278,000 shares (aggregating up to Rs.12.30 Cr)
Fresh Issue
2,278,000 shares (aggregating up toRs.[.] Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share holding pre issue
5,250,795
Share holding post issue
7,158,795

Comrade Appliances IPO Timetable (Tentative)

Event
Tentative Date
Opening Date
Wednesday, 31 May 2023
Closing Date
Monday, 5 June 2023
Basis of Allotment
Thursday, 8 June 2023
Initiation of Refunds
Friday, 9 June 2023
Credit of Shares to Demat
Monday, 12 June 2023
Listing Date
Monday, 12 June 2023Tuesday, 13 June 2023
Cut-off time for UPI mandate confirmation
5 PM on Jun 5, 2023

Comrade Appliances IPO Lot Size

The Comrade Appliances IPO lot size is 2000 shares.

Application
Lots
Shares
Amount
Retail (Min)
1
2000
Rs.108,000
Retail (Max)
1
2000
Rs.108,000
HNI (Min)
2
4000
Rs.216,000

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
Follow Us

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.


© 2022 RR Investors Capital Services Pvt. Ltd | All Rights Reserved.