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Inflame Appliances IPO is a fixed price issue of Rs 6.48 crores.
Inflame Appliances IPO bidding started from March 6, 2018 and ended on March 8, 2018. The shares got listed on BSE SME on March 16, 2018.
Inflame Appliances IPO 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.
Swastika Investmart Ltd is the book running lead manager of the Inflame Appliances IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Inflame Appliances IPO RHP for detailed information.
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 |
Share holding pre issue | 2,800,000 |
Share holding post issue | 4,000,000 |
Market Maker portion | 64,000 shares |
Inflame Appliances IPO offers 1,264,000 shares. 568,000 (44.94%) to NII, 568,000 (44.94%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 64,000 (5.06%) |
Other Shares Offered | 568,000 (44.94%) |
Retail Shares Offered | 568,000 (44.94%) | Other Shares Offered | 64,000 (5.06%) |
Total Shares Offered | 1,264,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹108,000 |
Retail (Max) | 1 | 2000 | ₹108,000 |
Lot Size Calculator |
Incorporated in 2017, Inflame Appliances Ltd is engaged in manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components. Company's product range includes cooktops, hobs, cooker hoods(Chimneys) and Cooking ranges.
They manufacture Gas Stove/ Cooktops in various range like Gas Stove in Sheet Metal, Gas Stove with Toughed Glass (Optional Auto Ignition) with range of 4 Burners/ 3 Burners/ 2 Burners and Sheet Metal Components for captive consumption in the state of Himachal Pradesh.
Company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote of LPG Stoves through Indane Distributers to domestic Indane Customers. They also made marketing arrangement with HPCL and BPCL for selling their products to their distributers and customers.
Company sell it's product under the brand "Inflame" and Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”.
Particulars | For the year/period ended (in Rs. lakhs) | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
Total Assets | 576.31 | 170.01 | 1.60 | 1.87 | ||
Total Revenue | 1,806.13 | 391.56 | - | - | ||
Profit After Tax | 45.85 | 6.25 | -1.31 | -1.25 |
The object of the issue are:
1. To meet Working Capital requirements;
2. To meet Capital Expenditure;
3. General Corporate Expenses;
4. To meet Issue Expenses.
[Dilip Davda]
Considering company’s tie up for “Ujjwala” scheme, investment may be considered for long term in this fully priced offer.
Read detail review...The Inflame Appliances IPO is subscribed 0.73 times on March 7, 2018 5:00:00 PM. The public issue subscribed 1.29 times in the retail category, times in the QIB category, and 0.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 0.17 |
Retail | 1.29 |
Total | 0.73 |
Listing Date | March 16, 2018 |
BSE Script Code | 541083 |
NSE Symbol | |
ISIN | INE464Z01017 |
Final Issue Price | ₹54 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹54.00 |
₹53.35 |
₹50.70 |
₹53.35 |
₹50.70 |
Inflame Appliances Ltd
Khewat Khatoni No. 45/45, Khasra No. 942/855/1,
Village Kalyanpur Tehsil-Baddi,
Solan -173205
Phone: +91-1795-246820
Email: info@inflameindia.com
Website: http://www.inflameindia.com
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Inflame Appliances IPO is a SME IPO of 1,200,000 equity shares of the face value of ₹10 aggregating up to ₹6.48 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 6, 2018, and closes on March 8, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Inflame Appliances IPO opens on March 6, 2018 and closes on March 8, 2018.
Inflame Appliances IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
You can apply in Inflame Appliances IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Inflame Appliances IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Inflame Appliances IPO allotment status.
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