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
Peers
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
| DRHP | Download |
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
BIGSHARE SERVICES PRIVATE LIMITED
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]
Website: www.bigshareonline.com
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]
Website: http://www.comrade.net.in/
Comrade Appliances IPO Lead Managers
GRETEX CORPORATE SERVICES LIMITED
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]
Website: www.gretexcorporate.com
Contact Person: Ms. Dimple Magharam Slun
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128