The Inflame Appliances date has been confirmed from March 6, 2018 and ended on March 8, 2018.
Inflame Appliances Developers IPO is a fixed price issue of Rs 6.48 crores. The price is ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
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Bidding Dates
March 6-8
Price Range
₹54 per share
Face Value
₹10 per share
GMP
₹590.00
Inflame Appliances IPO GMP
The Inflame Appliances IPO GMP is ₹590.00.
IPO Overview
The Inflame Appliances IPO is a fixed-price offering for Rs 6.48 crores. The IPO auction for Inflame Appliances began on March 6, 2018 and closed on March 8, 2018. On March 16, 2018, the shares were listed on the BSE SME. The IPO price for Inflame Appliances is ₹54 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000.
The company sells its products under the trademark “Inflame” and Glass top LPG Stove in 2/3/4 burner in premium ranges like Hindware and Avaante. They make Gas Stove/ Cooktops in a variety of styles, including Sheet Metal Gas Stoves, Toughed Glass Gas Stoves (Optional Auto Ignition), and Sheet Metal Components for captive use in the state of Himachal Pradesh.
Inflame Appliances IPO Details
| IPO Date | March 6, 2018 to March 8, 2018 |
| Listing Date | March 16, 2018 |
| Face Value | ₹10 per share |
| Price | ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,200,000 shares (aggregating up to ₹6.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 64,000 shares |
Inflame Appliances IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
Inflame Appliances IPO Listing Details
| Listing Date | March 16, 2018 |
| BSE Script Code | 541083 |
| NSE Symbol | |
| ISIN | INE464Z01017 |
| Final Issue Price | ₹54 per share |
Company Profile
Inflame Appliances Ltd, founded in 2017, manufactures LPG Gas Stove/Cooktops and Sheet Metal Components. Cooktops, hobs, cooker hoods (Chimneys), and cooking ranges are among the company’s products. The company has marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote LPG stoves to domestic Indane customers through Indane Distributors. They also formed marketing alliances with HPCL and BPCL to offer their products to distributors and customers.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | virenr@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Inflame Appliances Ltd |
| Phone number | +91-1795-246820 |
| Email ID | info@inflameindia.com |
| Website | inflameindia.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
