June 13, 2023
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Comrade Appliances IPO Particulars & Guidance at Chanakyanipothi.com,
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Comrade Appliances IPO Review:
The company is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The concept of original equipment manufacturer is now getting more and more popular. The shares are offered at reasonable valuation and may fetch listing gains. IPO size is not large and huge oversubscription is possible. Grey Market activity has started now. Apply.
What is the GMP of Comrade Appliances IPO?
Prior to listing
GMP: Rs. 20
Allotted Application rates: Rs.22000
Comrade Appliances IPO Subscription Status
On 5 June 2023 @ 5.00 (Day 4) (Closed)
QIB: 432000 Shares 21.86 T
NII: 440000 Shares 120.78T
RII: 758000 Shares 72.08 T
Total: 1630000 Shares 71.92 T
Comrade Appliances IPO Particulars & Guidance:
About the business
The company is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. It manufactures consumer durable goods and assemble a wide array of products and provide end-to-end product solutions. It serves under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models. Under the OEM model, it manufactures and supplies products basis designs developed by its customers, who then further distribute these products under their own brands. Under the ODM model, in addition to manufacturing, it conceptualizes and designs the products which are then marketed to its customers’ prospective customers under their brands.
Its current product portfolio of consumer goods includes (I) Air Coolers; (ii) Electric Geysers. It offers innovative solutions to its customers, which include leading international and national consumer brands. Its comprehensive solution suite includes global sourcing, fabrication of components and parts, captive manufacturing and assembly, quality testing, packaging and logistics support, which enables it to partner with leading consumer goods brands in India.
The company has a brand name Comrade. It manufactures and sells its products under the brand name of “Comrade”.
It has a manufacturing facility located at Palghar admeasuring 66,322 Sq. Ft, which is strategically located in and around Mumbai (Maharashtra).
Get more information about the company @ www.comrade.net.in
| Comrade Appliances IPO Details | |
| IPO opens on Tentative | 31 May 2023 |
| IPO closes on | 5 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2278000 Sh /Rs 12.30Cr |
| * Fresh Issue | 2278000 Sh /Rs 12.30 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.52-54 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | – | – |
| NII (15%) | – | – |
| RII (35%) | – | – |
| Total Shares | 2164000 | 11.69 |
| Retail portion will be oversubscribed by | ? | |
| Forms | ||
| How much Shares to Apply in Comrade Appliances IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 108000 |
| Min HNI Application | 4000 Sh | Rs. 216000 |
Who are the Promoters of Comrade Appliances IPO?
M/s Troupe Technologies Private Limited, Mr. Khursheed Alam and Mr. Mehboob Alam
What are the Objects of Comrade Appliances IPO?
The Company proposes to utilize the Net Proceeds from the Issue for
Funding Working capital requirements
| IPO Tentative timetable | |
| IPO opens on | 31 May 2023 |
| IPO Closes on | 5 June 2023 |
| IPO Allotment on | 8 June 2023 |
| Unblocking of ASBA | 9 June 2023 |
| Credit of Shares | 12 June 2023 |
| Listing on | 13 June 2023 |
| Registered Office of the Company Shop No. 39, Ground Level I, Dewan Centre, 183-186, S.V. Road, Jogeshwari West, Mumbai – 400102 |
| Who are the Lead Managers of Comrade Appliances IPO? |
| Gretex Corporate Services Pvt Ltd |
| Who is the Registrar to IPO? |
| Bigshare Services Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 21.62 | 0.42 | 1.37 | 14.25 |
| 2020-21 | 26.04 | 0.21 | 0.67 | 8.36 |
| 2021-22 | 29.73 | 0.39 | 0.99 | 7.72 |
| Book Value of the Share on | 31.03.2022 | Rs.12.78 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 54 | |||
| Comrade Appliances IPO Key Performance indicators |
|
| Upper Price/last EPS | 13 |
| Upper price/BV Ratio | 4.22 |
| Upper price/BV after IPO | – |
–
IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 29.65 | 13 |
| Dixon Technologies | 2 | 7484 | 104.72 |
| PG Electroplast | 10 | 1022 | 85.13 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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