Inflame Appliances Ltd IPO

Add to Calendar 2018-03-06 12:00 AM 2018-03-08 12:00 AM Asia/Kolkata Inflame Appliances Ltd IPO Inflame Appliances Ltd India

 

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

 

 

Issue Detail

  • Issue Open: Mar 06, 2018
  • Issue Close: Mar 08, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 54 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 6.48 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 568,000 568,000 - 64,000 1,200,000
Day 1 - Mar 06, 2018IST 0 64,000 254,000 - - 318,000
Day 2 - Mar 07, 2018IST 0 98,000 732,000 - - 830,000

Listing Day Trading Information

- BSE NSE
Issue Price Rs 54.00 -
Open Rs 53.35 -
Low Rs 50.70 -
High Rs 53.35 -
Last Trade Rs 50.70 -
Volume 316,000 -

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