Comrade Appliances Limited IPO

BSE SME

Listed On: Jun 13, 2023 at ₹ 87.0

₹ 108000 /2000 Shares

Check Allotment

Comrade Appliances Limited IPO Details

31 May, 2023

Open Date

05 Jun, 2023

Close Date

08 Jun, 2023

Allotment Date

13 Jun, 2023

Listing Date

Issue Price

₹52-54 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

87.0

Listing Date

2023-06-13

Market Lot

2000 Shares (₹108,000/-)

Lead Manager

Gretex Corporate Services Pvt Ltd

Issue Size

2,278,000 shares(aggregating up to ₹12.30 Cr)

Retail Portion

N/A

Subscription

71.92 times

IPO Docs

DRHP

Comrade Appliances Limited IPO Subscription Details

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

Total No. of Applications: 34,440 (Approx)

Comrade Appliances Limited Valuations

Earnings Per Share (EPS)

₹0.99/-

P/E Ratio

N/A

RoNW

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%

Company Promoter(s)

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.