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Inflame Appliances Ltd IPO

Inflame Appliances Ltd

Issue Open

Mar 06, 2018

Price Band

₹ 54

Issue Size

₹ 6.48 Cr

Credit of Shares to Demat

-

Issue Close

Mar 08, 2018

Bid Lot

2000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Mar 16, 2018

Refunds

-

About the company:

 

It is a Solan based company,which is engaged in manufacturing of LPG Gas Stove /Cooktops and sheet metal components.It has manufacturing plant situated in state of Himachal Pradesh. Inflame Appliances Limited is an IS 4246:2002 certified company

 

Date of establishment: Inflame appliances Limited was established in 2010.

 

Product & Service Offering: product range includes cooktops, hobs, cooker hoods (Chimneys)

 

Promoters of Inflame appliances ltd.:  Mr Aditya Kaushik, Mr Dinesh Kaushik and Mr Amit Kaushik are the promoters of Inflame appliances ltd

 

Customer segment: The Company has an agreement with Indian Oil Corporation Limited (IOCL) to market, sell, distribution, and promotion of LPG Stoves through Indane distributers. They have similar arrangement with HPCL and BPCL. 

 

Objects of the Issue: The objects of the Offer is to:-
-      To Finance Working Capital requirements
-      To Finance General corporate expense
-      To finance capital expenditure
-      To finance issue expenses

 

Company Financials:

 

 

FY2016

FY2017

Upto 20 Jan 2018

Total assets

170

576.31

1069.32

Total revenue

391.6

1,806.1

2,542.4

Total expenses

8.4

61.2

104.8

Profit after tax

6.3

45.9

80.4

 

 

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