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Open
31 May to 5 Jun, 2023
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Close
31 May to 5 Jun, 2023
3
Allotment
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Listing
Tue, Jun 13, 2023
Price Band
₹52 to ₹54
Issue Size
22,78,000 shares (agg. up to ₹12 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Jun 13, 2023
Latest GMP
₹25
Est. Gain
46.3%
✦ AI Insight
GMP Trend
13-06-2023₹25Est. ₹79+46.3%
12-06-2023₹21Est. ₹75+38.89%
11-06-2023₹20Est. ₹74+37.04%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 54.59x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Arham Technologies Ltd. | SME | ₹9.58 Cr | ₹42 | 13.82 | ₹63.00 | +50.00% | ₹136.20 (-0.95%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 7.20 |
| 2 | General Corporate Purposes | 2.31 |
About Comrade Appliances IPO
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: Air Coolers Electric Geysers 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.+ Read More
Contact Details
Comrade Appliances Ltd. AddressShop No.39, Ground Level IDewan Centre, 183-186, S.V.Road, Jogeshwari WestMumbai, Maharashtra, 400102022-66959545info@comrade.net.inVisit Website