Comrade Appliances IPO Date, GMP, Review, Price, Form & Market Lot Details

The Comrade Appliances IPO has begun on 31 May 2023. It will close on 5 June 2023. The Total IPO Size is 12.30 Crore. The company set its IPO price is 54 Rs Per Share. Basically, There are three basic categories in Comrade Appliances IPO Subscription 1) QIB 2) Non-Institutional Investors 3) Retail Individual Investors (RIIs)

Comrade Appliances is established in 2017.

Comrade Appliances is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers .

They manufacture consumer durable goods and assemble a wide array of products and provide end-to-end product solutions.

Their current product portfolio of consumer goods includes (I) Air Coolers; (ii) Electric Geysers.

Check :- Upcoming SME IPO 2023


1) PG Electroplast Limited
2) Dixon Technologies (India) Limited

Comrade Appliances IPO Promotors

Name of the Promoter No. of Shares held Average cost of Acquisition (in ₹ )
M/s Troupe Technologies Private Limited 1,849,033 12
Mr. Khursheed Alam 799,985 10
Mr. Mehboob Alam 2,033,705 10
Total Pre Issue 4,682,723 (89.18%)

Comrade Appliances IPO Date, Details & Price Band

IPO Opening Dates 31 May 2023
IPO Closing Dates 05 June 2023
Price Band 52 -54 Rs Per Share
Fresh issue 12.30 Crore
Offer for Sale NIL
Total IPO size 12.30 Crore
Minimum bid (lot size) 2000 Shares
Face Value 10 INR Per Share
QIB 50%
Non-Institutional 10%
Retail Allocation 35%
Listing On BSE SME

Comrade Appliances IPO Market Lot

The Comrade Appliances IPO minimum market lot is 2000 shares With 1,08,000 ₹ Amount per application.

Lot No of Shares Amount
Minimum 1 2000 1,08,000 Rs
Maximum 1 2000 1,08,000 Rs
S-HNI (Min) 2 4000 2,16,000 Rs

Restated Financial Record of the three year (Amt. in Lakhs)

Total Assets Total Revenue Profit After Tax
31-Mar-21 3,140.65 2,603.85 20.21
31-Mar-22 2,527.31 2,973.28 38.75
31-Aug-22 2,272.21 1,559.15 100.45

Comrade Appliances IPO GMP Grey Market Premium

Comrade Appliances IPO GMP Grey market premium has been started today. Check Latest Comrade Appliances IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.

Comrade Appliances IPO Prospectus

Comrade Appliances IPO
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Comrade Appliances IPO Reviews

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Comrade Appliances IPO Form Download

Comrade Appliances IPO is available on BSE Website as well as on our Portal. Please click here Comrade Appliances IPO form Download.

Comrade Appliances IPO Allotment Date & Details

Allotment Date 08 June 2023
Initiation of refunds 09 June 2023
Transfer of shares to Demat accounts 12 June 2023
Listing Date 13 June 2023
Check Allotment Status Click here

Registrar of Comrade Appliances IPO

S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri
East, Mumbai- 400093, Maharashtra, India
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Contact Person: Mr. Sagar Pathare
SEBI Registration No.: INR000001385
CIN: U99999MH1994PTC076534

Comrade Appliances Contact Details

Comrade Appliances Limited
Shop No. 39, Ground Level I,
Dewan Centre, 183-186, S.V. Road, Jogeshwari West,
Mumbai – 400102
Phone: 022-66959545
Email: [email protected]

Comrade Appliances IPO Lead Managers

Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi
Street, Fort, Mumbai– 400001, Maharashtra, India.
Tel No.: +91 96532 49863
Email: [email protected]
Contact Person: Ms. Dimple Magharam Slun
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128

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