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SME IPO Status: Listed [31st May 2023 to 5th Jun 2023]
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.
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 |
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.
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
SME IPO Activity | Date |
---|---|
Issue Price | ₹52-54 |
Market Lot: | 2000 Shares |
1 Lot Amount: | ₹108000 |
Min HNI Lots: | 4000 shares (2 lots) |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
13-06-2023 | 54 | 25 | 23000 | ₹79 (46.3%) | 13-Jun-2023 10:25 |
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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.
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.
Incorporation | Sector | IPO Issue Size | Website |
2017 | Manufacturing of Air Coolers and Electric Geysers | ₹12.30 Cr | http://www.comrade.net.in/ |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:
The table below is live update of SME IPO bidding details from NSE and BSE.
Day | QIB | NII | RII | Total | |
---|---|---|---|---|---|
# of Shares Offered | 432,000 (26.5%) | 440,000 (26.99%) | 758,000 (46.5%) | 1,630,000 | |
1 | 31st May 2023 19:04 | 0.00x | 0.34x | 0.90x | 0.51x |
2 | 1st Jun 2023 19:04 | 0.00x | 0.84x | 3.28x | 1.75x |
3 | 2nd Jun 2023 19:04 | 0.01x | 2.68x | 9.42x | 5.11x |
4 | 5th Jun 2023 19:04 | 21.86x | 120.78x | 72.08x | 71.92x |
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31-Mar-20 | 1,678.98 | 2,162.29 | 41.80 | 293.40 | -38.97 | 400.93 |
31-Mar-21 | 3,140.65 | 2,603.85 | 20.21 | 241.77 | -90.60 | 1,412.38 |
31-Mar-22 | 2,527.31 | 2,973.28 | 38.75 | 502.43 | -14.87 | 1,113.79 |
31-Mar-23 | 2,753.18 | 2,699.43 | 163.57 | 689.41 | 164.33 | 1,766.48 |
Amount in ? Lakhs |
The table below show peer comparison from DRHP/RHP.
Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
---|---|---|---|---|---|---|
Comrade Appliances Limited | 0.99 | 0.99 | 12.78 | 7.71 | Standalone | |
Dixon Technologies (India) Limited | 25.63 | 25.63 | 155.41 | 104.72 | 21.9 | Standalone |
PG Electroplast Limited | 15.93 | 15.93 | 145.12 | 85.13 | 14.82 | Standalone |
Last Updated on 16-Jun-2023 09:00:12
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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To subscribe or apply in Comrade Appliances SME IPO, you can use the following methods:
Comrade Appliances SME IPO Applying Mode | Method | Details |
Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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 is going to be list on 13-06-2023. NSE Code for Comrade Appliances is . BSE Code for Comrade Appliances is 543921.
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Comrade Appliances SME IPO Allotment Date is 08-06-2023.
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