The IPO date for Comrade Appliances is currently scheduled. The IPO will begin on May 31 and end on June 5, 2023. Comrade Appliances is a BSE SME IPO that will raise 12.30 crores through the IPO. The pricing band for Comrade Appliances’ IPO is set at 52 to 54, with a market lot of 2000 shares.
Comrade Appliances Limited produces Air Coolers and Electric Geysers. They are a widely recognized manufacturer and provider of Original Equipment Manufacturing (OEM) products.
They produce consumer durable goods and assemble a variety of products. Their objective is to offer high-quality OEM/ODM home appliances at affordable prices. They publicize and produce products under the “Comrade” brand. Palghar is the location of their manufacturing factory. Reliance Digital Reconnect, Flipkart Smartbuy, Croma, Sansui, Kelvinator, Singer, Kimatsu, Walton, Lazer, and Orient
Electric are among their OEM/ODM clients. They render and supply products that follow designs developed by their clients under the OEM model, and these products are then marketed under the customer’s brand name. Comrade Appliances Limited, in additional to manufacturing, conceptualizes and designs the items, which are then marketed to the clients prospective customers under their brands under the ODM model.
Aim of the Issue:
- Working Capital Requirements
- General Corporate Purposes
Comrade Appliances IPO Review
- To be updated soon
Comrade Appliances IPO GMP, Date & Price Band Details
| IPO Open: | May 31, 2023 |
| IPO Close: | June 5, 2023 |
| IPO Size: | Approx ₹12.30 Crores, 2,278,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹52 to ₹54 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Comrade Appliances IPO Market Lot
The Comrade Appliances IPO minimum market lot is 2000 shares with a ₹108,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹108,000 |
| Retail Maximum | 1 | 2000 | ₹108,000 |
| S-HNI Minimum | 2 | 4000 | ₹216,000 |
Comrade Appliances IPO Dates
The Comrade Appliances IPO date is May 31 and the IPO close date is June 5. The IPO allotment date is June 8 and the IPO might list on June 13.
| IPO Open Date: | May 31, 2023 |
| IPO Close Date: | June 5, 2023 |
| Basis of Allotment: | June 8, 2023 |
| Refunds: | June 9, 2023 |
| Credit to Demat Account: | June 12, 2023 |
| IPO Listing Date: | June 13, 2023 |
Comrade Appliances IPO Form
How to apply Comrade Appliances IPO? You can apply Comrade Appliances IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Comrade Appliances IPO in the Invest section. The other option you can apply Comrade Appliances IPO via IPO forms download via the BSE website. Check out the Comrade Appliances forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Comrade Appliances Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹21.62 | ₹21.11 | ₹0.42 |
| 2021 | ₹26.04 | ₹25.75 | ₹0.20 |
| 2022 | ₹29.73 | ₹29.19 | ₹0.39 |
| 2023 5M | ₹15.59 | ₹14.25 | ₹1.00 |
Comrade Appliances IPO Valuation – FY2022
Check Comrade Appliances IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.99 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 7.71% |
| Net Asset Value (NAV): | ₹12.78 per Equity Share |
Peer Group
- Dixon Technologies (India) Limited
- PG Electroplast Limited
Company Promoters
- M/s Troupe Technologies Private Limited
- Mr. Khursheed Alam
- Mr. Mehboob Alam
Comrade Appliances IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
Comrade Appliances Limited
Shop No. 39, Ground Level I,
Dewan Centre, 183-186, S.V. Road, Jogeshwari West,
Mumbai – 400102
Phone: 022-66959545
Email: info@comrade.net.in
Website: http://www.comrade.net.in
Comrade Appliances IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Pvt Ltd
Comrade Appliances IPO FAQs
Q1. What is Comrade Appliances IPO?
Ans. Comrade Appliances IPO is an BSE SME IPO. They are going to raise ₹12.30 Crores via IPO. The issue is priced at ₹52 to ₹54 per equity share. The IPO is to be listed on BSE.
Q2. When Comrade Appliances IPO will open?
Ans. The IPO is to open on May 31, 2023 for QIB, NII, and Retail Investors.
Q3. What is Comrade Appliances IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Comrade Appliances IPO?
Ans. You can apply Comrade Appliances IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Comrade Appliances IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Comrade Appliances IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Comrade Appliances IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Comrade Appliances IPO Size?
Ans. Comrade Appliances IPO size is ₹12.30 crores.
Q9. What is Comrade Appliances IPO Price Band?
Ans. Comrade Appliances IPO Price Band is ₹52 to ₹54 per equity share.
Q10. What is Comrade Appliances IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 2000 shares with ₹108,000.
Q11. What is Comrade Appliances IPO Allotment Date?
Ans. Comrade Appliances IPO allotment date is June 9, 2023.
Q12. What is Comrade Appliances IPO Listing Date?
Ans. Comrade Appliances IPO listing date is June 13, 2023. The IPO to list on BSE SME.
