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Comrade Appliances Ltd.

Comrade Appliances Ltd.

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹54
₹54
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹54
Based on GMP
Min. Investment
₹108,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
31 May 2023
Close Date
05 Jun 2023
Allotment
08 Jun 2023
Listing Date
13 Jun 2023
Exchange
BSE SME
Price Band
₹54
Listing Price
See chart
Allotment Status
Price Band
₹54
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
22,78,000 shares (aggregating up to ₹12.30 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹108,000
1 lot
Pre-IPO Holding
52,50,795 shares
Promoters
Post-IPO Holding
75,28,795 shares
Promoters
P/E (Pre)
17.14x
 
EPS (Pre)
₹3.15
 
UPI Deadline
2023-06-05
Mandate
Anchor AllotmentTue, 30 May 2023
Basis of AllotmentThu, 08 Jun 2023
Refund InitiationFri, 09 Jun 2023
Demat CreditMon, 12 Jun 2023
Listing DayTue, 13 Jun 2023
UPI Mandate Deadline2023-06-05
Sale TypeFresh Capital
Net Offer to Public21,64,000 shares (aggregating up to ₹11.69 Cr)
Market Maker Quota1,14,000 shares (aggregating up to ₹0.6156 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Comrade Appliances Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 05 Jun 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
114,000
₹0.62
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
2,278,000
100% ₹12.30
IPO Shares Offered
Comrade Appliances Ltd. IPO total issue size: ₹12.30 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 114,000 ₹0.62
5.00%
Total 2,278,000 ₹12.30
100.00%
* Based on upper price band ₹54 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹54.00
Upper Band
Min Investment
₹108,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹216,000
Retail (Max — 13 Lots)1326,000₹1,404,000
S-HNI (Min — 14 Lots)1428,000₹1,512,000
B-HNI (Min — 68 Lots)68136,000₹7,344,000
* Issue Price ₹54 × Lot Size 2,000 shares
IPO Schedule
Anchor
30 May 2023
✓ Done
IPO Open
31 May 2023
✓ Done
IPO Close
05 Jun 2023
✓ Done
Allotment
08 Jun 2023
✓ Done
Refunds
09 Jun 2023
✓ Done
Demat Credit
12 Jun 2023
✓ Done
Listing Day
13 Jun 2023
✓ Done
Comrade Appliances Ltd. — Live Price LIVE
₹54.00
INR · BSE
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Issue ₹54.00 Live Price
About Comrade Appliances Ltd.
Incorporated in 2017, 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 CoolersElectric GeysersThe 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.
Objects of the Issue
1
Working Capital Requirements
2
General Corporate Purposes
Comrade Appliances Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹2,603.9
31-Mar-21
₹2,973.3
31-Mar-22
₹2,699.4
31-Mar-23
Profit After Tax (PAT)
₹20.2
31-Mar-21
₹38.8
31-Mar-22
₹163.6
31-Mar-23
Particulars31-Mar-2331-Mar-2231-Mar-21
Revenue from Operations 2699.43 2973.28 2603.85
EBITDA N/A N/A N/A
Profit After Tax (PAT) 163.57 38.75 20.21
Net Worth 689.41 502.43 241.77
Total Assets 2753.18 2527.31 3140.65
Reserves & Surplus 164.33 -14.87 -90.60
Borrowings 1766.48 1113.79 1412.38
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
0.27%
RoCE
0.16%
RoNW
23.73%
Debt/Equity
1.96
Issue Structure & Shareholding
Total Shares Offered22,78,000 (100.00%)
Net Offer to Public21,64,000 shares (aggregating up to ₹11.69 Cr)
Reserved for Market Maker1,14,000 shares (aggregating up to ₹0.6156 Cr)
Pre-Issue Promoter Holding52,50,795 shares
Post-Issue Promoter Holding75,28,795 shares
P/BV RatioN/A
RoE0.27%
RoCE0.16%
Debt / Equity1.96
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Gretex Corporate Services Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Comrade Appliances Ltd. IPO subscribed?

Comrade Appliances Ltd. IPO is subscribed 1.00 times by Jun 05, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Comrade Appliances Ltd. IPO retail subscription status?

The Comrade Appliances Ltd. IPO retail category is subscribed 1.00 times as of 05 Jun 2023. The retail portion is oversubscribed.

How to subscribe Comrade Appliances Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 31 May 2023 and closes 05 Jun 2023. Min investment: ₹108,000 (1 lot = 2,000 shares). UPI mandate: 2023-06-05.

How many times Comrade Appliances Ltd. IPO subscribed?

The Comrade Appliances Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Comrade Appliances Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Jun 2023. Refunds: on 09 Jun 2023.

When Comrade Appliances Ltd. IPO will be listed?

The Comrade Appliances Ltd. IPO listing date is 13 Jun 2023, Tuesday. Listed on: BSE SME. Issue price: ₹54. Estimated listing: ₹54. GMP: NIL.

When Comrade Appliances Ltd. IPO close?

The Comrade Appliances Ltd. IPO closes on 05 Jun 2023, Monday. UPI mandate: 2023-06-05. Allotment: 08 Jun 2023. Listing: 13 Jun 2023.