| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹12.30 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹12.30 Cr |
| Fresh Issue | ₹11.69 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน52.00-54.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543921 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Gretex Corporate Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in 2017, Comrade Appliances Limited is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods and assembles various products. They offer end-to-end product solutions to their customers.
Comrade Appliances operate under both, Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) business models.
Under the OEM model, they manufacture and supply products basis designs developed by their customers, later these products are sold under the customer's brand name. Under the ODM model, along with manufacturing, Comrade Appliances Limited also conceptualize and designs the products which are then marketed to the customers' prospective customers under their brands.
Presently, the company's product portfolio of consumer goods consists of:
The company's products are marketed, manufactured, and sold under the brand name "Comrade".
The company has a manufacturing facility located at Palghar admeasuring 66,322 Sq. Ft.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 7.20 |
| 2 | General Corporate Purposes | 2.31 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 27.53 | 25.27 | 31.41 | 16.79 |
| Total Income | 26.99 | 29.73 | 26.04 | 21.62 |
| Profit After Tax | 1.64 | 0.39 | 0.20 | 0.42 |
| NET Worth | 6.89 | 5.02 | 2.42 | 2.93 |
| Reserves and Surplus | 1.64 | -0.15 | -0.91 | -0.39 |
| Total Borrowing | 17.66 | 11.14 | 14.12 | 4.01 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 0.27% |
| ROCE | 0.16% |
| Debt / Equity | 1.96% |
| RoNW | 23.73% |
| PAT Margin | 6.00% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 3.15 | |
| P/E (x) | 17.14 | |
| Promoter Holding | 100.00% | 69.74% |
| Market Cap | โน40.66 Cr. | |