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Comrade Appliances SME IPO Details 2023

SME IPO Status: Listed [31st May 2023 to 5th Jun 2023]

Rated 3/5 by Team InvestorGain
Comrade Appliances SME IPO Detail

Comrade Appliances Limited offers a SME IPO issue size of Rs 12.30 Cr, Subscription for this IPO is opening from 31 May 2023 to 05 Jun 2023. The face value of the equity share is Rs 10 per share and the issue price band is ranging from Rs 52 to Rs 54 per share. along with the lot size of 2,000 shares and its multiples.

Check out Comrade Appliances Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.

Comrade Appliances SME IPO Details

SME IPO Issue Opening Date: 31st May 2023
SME IPO Issue Closing Date: 5th Jun 2023
SME IPO Issue Price: ₹52-54 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE SME
Retail Quota: Not less than 35% of the Net Issue
SME IPO Issue Type: Book Build Issue
SME IPO Issue Size: ₹12.30 Cr
Fresh Issue: ₹12.30 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 100.00%
Promoter Holding Post IPO: 69.74%
Allotment Status: Allotment Status
BSE Code: 543921

Comrade Appliances SME IPO Important Dates

Get important updates regarding Comrade Appliances SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Comrade Appliances SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 8th Jun 2023
Refunds Initiation* 9th Jun 2023
Credit of Shares to Demat* 12th Jun 2023
SME IPO Listing Date* 13th Jun 2023

* - Tentative Dates

Comrade Appliances SME IPO Lots

SME IPO Activity Date
Issue Price ₹52-54
Market Lot: 2000 Shares
1 Lot Amount: ₹108000
Min HNI Lots: 4000 shares (2 lots)

Comrade Appliances IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
13-06-2023542523000₹79 (46.3%)13-Jun-2023 10:25
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Comrade Appliances

Comrade Appliances Limited was established in the year 2017. This company is engaged in the process of manufacturing an extensive range of air coolers and electric geysers. They manufacture durable consumer goods and assemble a wide range of products and provide end-to-end product solutions. The Company operates as both an original equipment manufacturer ("OEM") and original design manufacturer ("ODM").

Under the OEM model, the Company manufactures and supplies products based on designs developed by its customers, who then resell these products under their own brands. Under the ODM model, the Company not only manufactures, but also designs and develops products and then resells them under its customers' brands to their potential customers. The current consumer product line includes (i) air coolers and (ii) electric geysers. The company provides innovative solutions to its customers, which include leading international and national consumer brands.

Comrade's comprehensive solution offering includes global sourcing, component and parts manufacturing, in-house fabrication and assembly, quality testing, packaging and logistics support that enables the company to work with leading consumer brands in India. The company's key customers include leading consumer durable brands. The company has more than 5 years of experience in the manufacturing industry. Since its inception, the company has expanded its product portfolio and customer base and gained technological expertise in developing and manufacturing its products. The company has an experienced board of directors and management team. The management, including key executives, has expertise and experience in the consumer products industry.

Comrade Appliances SME IPO Strengths

  • Strategic Location of Manufacturing Unit
  • Constant focus on developing new and innovative products
  • R&D and product design capabilities leading to generation of ODM business
  • Quality Assurance
  • Strong professional and execution team allows the Company to develop a strong business
  • Existing Supplier Relationship
  • Progressive Employer
Incorporation Sector IPO Issue Size Website
2017 Manufacturing of Air Coolers and Electric Geysers ₹12.30 Cr http://www.comrade.net.in/

Comrade Appliances SME IPO Objective

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:

  1. Working Capital Requirements
  2. General Corporate Purposes
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Comrade Appliances SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 432,000 Shares
  • Non-Institutional Investors: 440,000 Shares
  • Retail Individual Investor: 758,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered432,000 (26.5%)440,000 (26.99%)758,000 (46.5%)1,630,000
131st May 2023 19:040.00x0.34x0.90x0.51x
21st Jun 2023 19:040.00x0.84x3.28x1.75x
32nd Jun 2023 19:040.01x2.68x9.42x5.11x
45th Jun 2023 19:0421.86x120.78x72.08x71.92x
Comrade Appliances Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,678.982,162.2941.80293.40-38.97400.93
31-Mar-213,140.652,603.8520.21241.77-90.601,412.38
31-Mar-222,527.312,973.2838.75502.43-14.871,113.79
31-Mar-232,753.182,699.43163.57689.41164.331,766.48
Amount in ? Lakhs

Comrade Appliances SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Comrade Appliances Limited0.990.9912.787.71Standalone
Dixon Technologies (India) Limited25.6325.63155.41104.7221.9Standalone
PG Electroplast Limited15.9315.93145.1285.1314.82Standalone

Company Address

Comrade Appliances Limited
Shop No. 39 - Ground Level I / Dewan Centre - 183-186, S.V. Road, Jogeshwari West
Mumbai,Maharashtra-400102
India
Website: http://www.comrade.net.in/
Phone: 022-66959545
Email: [email protected]

Comrade Appliances SME IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: [email protected]

Comrade Appliances SME IPO Lead Manager

Comrade Appliances SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Comrade Appliances? Should I apply in Comrade Appliances SME IPO?

Last Updated on 16-Jun-2023 09:00:12

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Comrade Appliances SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Comrade Appliances SME IPO with Zerodha.

Alternate approch to apply in Comrade Appliances SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Comrade Appliances SME IPO Review and Important Updates

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Apply in Comrade Appliances SME IPO online

To subscribe or apply in Comrade Appliances SME IPO, you can use the following methods:

Comrade Appliances SME IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Comrade Appliances SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Comrade Appliances SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Comrade Appliances SME IPO. Most of the Syndicate Banks provide access to apply in Comrade Appliances IPO via ASBA process. You must have your net banking access, DP ID information to apply in Comrade Appliances SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Comrade Appliances SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Comrade Appliances SME IPO Review and Important Updates

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Comrade Appliances SME IPO Application is not yet available.

 

Comrade Appliances SME IPO is going to be list on 13-06-2023. NSE Code for Comrade Appliances is . BSE Code for Comrade Appliances is 543921.

Other relevant questions:

When Comrade Appliances SME IPO will be listing? Comrade Appliances SME IPO NSE listing date?Comrade Appliances SME IPO date of listing.Comrade Appliances SME IPO BSE listing date?

 

Comrade Appliances SME IPO Allotment Date is 08-06-2023.

Other relevant questions:

Comrade Appliances SME IPO share allotment date?Comrade Appliances SME IPO allotment date?

 


User Reviews

5. Vasantha May 25 2023 02:30:09 AM Reply
Comrade Appliances SME IPO expected listing gain.
5.1. Mr KAMLESH D GAJARIA GAJARIA May 30 2023 03:32:40 PM
This one is looking very good for apply. it will open with 100% premium after listing. Dont Miss take chance .
4. PRAKASH May 25 2023 02:30:09 AM Reply
Please confirm Comrade Appliances SME IPO GMP (grey market premium) and kostak.
3. Yogesh Harishchandra Vaidya  May 25 2023 02:30:09 AM Reply
Comrade Appliances SME IPO good or bad.
2. Santosh May 25 2023 02:30:09 AM Reply
Comrade Appliances SME IPO whether to invest or not.
1. premkumar m May 25 2023 02:30:09 AM Reply
Comrade Appliances SME IPO - CRISIL Rating, Apply or not?.