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Comrade Appliances Ltd (BSE SME)
May 31, 2023 - Jun 5, 2023
| Price | ₹52 - ₹54 |
| Premium | ₹25 |
|---|---|
| Lot size | 2000 |
| Allotment | Jun 8, 2023 |
| Listing | Jun 13, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 108000 | 0 |
| HNI | 2 | 4000 | 216000 | 0 |
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 21.86 |
| Non-Institutional Buyers** | 120.78 |
| Retail Investors | 72.08 |
| Total | 71.92 |
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.
Comrade Appliances IPO Details
| Total Issue Size | 2,278,000 shares (aggregating up to ₹12.30 Cr) |
| Fresh Issue | 2,278,000 shares (aggregating up to ₹12.30 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 |
| Market Maker portion | 114,000 shares (Gretex Share Broking) |
Comrade Appliances IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
Note:
- Market Maker portion of 114,000 equity shares is added to NII Reservation.
- Total Shares offered: QIB+NII+RII.
Company Financials
| Period | Mar-20 | Mar-21 | Mar-22 | Aug-22 |
|---|---|---|---|---|
| Assets | 1,678.98 | 3,140.65 | 2,527.31 | 2,272.21 |
| Revenue | 2,162.29 | 2,603.85 | 2,973.28 | 1,559.15 |
| Profit | 41.80 | 20.21 | 38.75 | 100.45 |
| Net Worth | 293.40 | 241.77 | 502.43 | 602.88 |
| Reserves | -38.97 | -90.60 | -14.87 | 85.61 |
| Borrowing | 400.93 | 1,412.38 | 1,113.79 | 1,080.74 |
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/