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 – Details
| IPO Opening Date | 31 May 2023 |
| IPO Closing Date | 05 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 22,78,000 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 Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Comrade Appliances IPO – Date Schedule
| IPO Open Date | 31 May 2023 |
| IPO Close Date | 05 June 2023 |
| Basis of Allotment | 08 June 2023 |
| Initiation of Refund | 09 June 2023 |
| Credit of Shares to Demat Account | 12 June 2023 |
| IPO Listing Date | 13 June 2023 |
Comrade Appliances IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,08,000 |
| Retail (Maximum) | 1 | 2000 | 1,08,000 |
| HNI (Minimum) | 2 | 4000 | 2,16,000 |
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 21.62 | 21.11 | 0.41 |
| 31 March 2021 | 26.03 | 25.75 | 0.20 |
| 31 March 2022 | 29.73 | 29.18 | 0.38 |
| 31 August 2022 | 15.59 | 14.24 | 1.00 |
Comrade Appliances IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.35% |
Comrade Appliances IPO Prospectus
- Comrade Appliances IPO DRHP
- Comrade Appliances IPO RHP
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 Email: info@comrade.net.in Website: http://www.comrade.net.in/ |
Comrade Appliances IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Comrade Appliances IPO Lead Manager(s)
| 1. Gretex Corporate Services Pvt Ltd |
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. |
