Comrade Appliances Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,080,000 (47%) | — | ₹583 Cr |
| NII (HNI) | — | 326,000 (14%) | — | ₹176 Cr |
| Retail | — | 326,000 (14%) | — | ₹176 Cr |
| Market Maker | — | 114,000 (5%) | — | ₹6 Cr |
| Σ Total | — | 2,278,000 (100%) | — | ₹12,301 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹108,000 |
| Retail (Max) | 13 | 26,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,236,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 2,699 | 2,973 | 2,604 |
| Profit After Tax | 164 | 39 | 20 |
| Net Worth | 689 | 502 | 242 |
| Total Assets | 2,753 | 2,527 | 3,141 |
| Reserves & Surplus | 164 | -15 | -91 |
| Total Borrowing | 1,766 | 1,114 | 1,412 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements – 7.20
- General Corporate Purposes – 2.31
Company Overview
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 Coolers
- Electric Geysers
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.