Comrade Appliances Limited IPO (Comrade Appliances IPO)

Comrade Appliances Limited IPO
Upcoming Comrade Appliances IPO | New Comrade Appliances IPO

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.

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

Comrade Appliances IPO – Details

IPO Opening Date31 May 2023
IPO Closing Date05 June 2023
Issue TypeBook Built Issue IPO
Issue Size22,78,000 Shares Worth ₹12.30 Crore
Fresh Issue: 22,78,000 Shares Worth ₹12.30 Crore
Face Value₹10 per equity share
IPO Price₹52 – ₹54
Market Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Comrade Appliances IPO – Date Schedule

IPO Open Date31 May 2023
IPO Close Date05 June 2023
Basis of Allotment08 June 2023
Initiation of Refund09 June 2023
Credit of Shares to Demat Account12 June 2023
IPO Listing Date13 June 2023

Comrade Appliances IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,08,000
Retail (Maximum)120001,08,000
HNI (Minimum)240002,16,000

Competitive Strengths

  • Focus on Increase in Volume of Sales.
  • Continue to strive for cost efficiency.
  • Focus on consistently meeting quality standards.
  • Increase Brand awareness.
  • Strategic Acquisition and Alliance Opportunities.

Company Promoters

  • : M/s Troupe Technologies Private Limited
  • Mr. Khursheed Alam
  • Mr. Mehboob Alam

Object Of The Issue

  • Working Capital Requirements.
  • General Corporate Purpose.
Comrade Appliances IPO
Object Issue

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202021.6221.110.41
31 March 202126.0325.750.20
31 March 202229.7329.180.38
31 August 202215.5914.241.00
Amount in ₹ Crore

Comrade Appliances IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.35%

Comrade Appliances IPO Prospectus

Company Contact Information

Comrade Appliances Limited

Shop No. 39, Ground Level I,
Dewan Centre, 183-186,
S.V. Road, Jogeshwari West,
Mumbai – 400102

Phone: 022-66959545

Comrade Appliances IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Comrade Appliances IPO Lead Manager(s)

1. Gretex Corporate Services Pvt Ltd

Comrade Appliances IPO FAQs

Comrade Appliances IPO FAQs
What is Comrade Appliances IPO?

Comrade Appliances IPO is a SME IPO. The issue is priced at ₹52 – ₹54 per equity share. The IPO is to be listed on BSE SME.
When Comrade Appliances IPO will open?

The IPO is to open on  31 May 2023 for QIB, NII and Retail Investors.
What is Comrade Appliances IPO Investors Portion?

The investors portion for QIB-50%NII-15%, and Retail-35%.
How to Comrade Appliances IPO?

You can apply Comrade Appliances IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Comrade Appliances IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Comrade Appliances IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Comrade Appliances IPO Size?

Comrade Appliances IPO size is ₹12.30 crores.
What is Comrade Appliances IPO Price Band?

Comrade Appliances IPO Price Band is ₹52 – ₹54.
What is Comrade Appliances IPO Minimum and Maximum Lot Size?

The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 shares with ₹1,08,000.
What is the Comrade Appliances IPO Allotment Date?

Comrade Appliances IPO allotment date is  08 June 2023.
What is the Comrade Appliances IPO Listing Date?

Comrade Appliances IPO listing date is  13 June 2023. The IPO is to list on BSE SME.
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