Comrade Appliances IPO Date, Price, Review, Allotment

Vijay Prajapati
June 13, 2023

Vijay Prajapati

Comrade Appliances IPO Details: Comrade Appliances IPO date is fixed, The IPO will open on May 31 and will close on June 5, 2023. Comrade Appliances is an BSE SME IPO to raise ₹12.30 crores via IPO. The Comrade Appliances IPO price band is fixed at ₹52 to ₹54 with a market lot of 2000 shares.

Comrade Appliances Limited is a manufacturer of Air Coolers and Electric Geysers. They are one of the leading manufacturers and suppliers of a wide range of Original Equipment Manufacturing (OEM) products. They manufacture consumer durable goods and assemble various products.

Their aim is to provide high-quality OEM/ODM home appliances at affordable prices. They market and manufacture products under their brand name “Comrade”. Their manufacturing facility is located at Palghar. Some of their OEM/ODM clients are Reliance Digital Reconnect, Flipkart Smartbuy, Croma, Sansui, Kelvinator, Singer, Kimatsu, Walton, Lazer, and Orient Electric.

Objects of the Issue:

Working Capital Requirements
General Corporate Purposes

Comrade Appliances IPO Review

To be updated soon

Comrade Appliances IPO Date & Price Band Details

IPO Open:	May 31, 2023
IPO Close:	June 5, 2023
IPO Size:	Approx ₹12.30 Crores, 2,278,000 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹52 to ₹54 Per Equity Share
IPO Listing on:	BSE SME
Retail Quota:	35% of the net offer
QIB Quota:	50% of the net offer
NII Quota:	15% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

Comrade Appliances IPO Market Lot

The Comrade Appliances IPO minimum market lot is 2000 shares with a ₹108,000 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	2000	₹108,000
Retail Maximum	1	2000	₹108,000
S-HNI Minimum	2	4000	₹216,000

Comrade Appliances IPO Dates

The Comrade Appliances IPO date is May 31 and the IPO close date is June 5. The IPO allotment date is June 8 and the IPO might list on June 13.

IPO Open Date:	May 31, 2023
IPO Close Date:	June 5, 2023
Basis of Allotment:	June 8, 2023
Refunds:	June 9, 2023
Credit to Demat Account:	June 12, 2023
IPO Listing Date:	June 13, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Comrade Appliances IPO Form

How to apply Comrade Appliances IPO? You can apply Comrade Appliances IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Comrade Appliances IPO in the Invest section. The other option you can apply Comrade Appliances IPO via IPO forms download via the BSE website. Check out the Comrade Appliances forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.

Comrade Appliances Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2020	₹21.62	₹21.11	₹0.42
2021	₹26.04	₹25.75	₹0.20
2022	₹29.73	₹29.19	₹0.39
2023 5M	₹15.59	₹14.25	₹1.00

Comrade Appliances IPO Valuation – FY2022

Check Comrade Appliances IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹0.99 per Equity Share
Price/Earning P/E Ratio:	NA
Return on Net Worth (RoNW):	7.71%
Net Asset Value (NAV):	₹12.78 per Equity Share

Peer Group

Dixon Technologies (India) Limited
PG Electroplast Limited

Company Promoters

M/s Troupe Technologies Private Limited
Mr. Khursheed Alam
Mr. Mehboob Alam

Comrade Appliances IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Comrade Appliances IPO Allotment Status

Check Comrade Appliances IPO allotment status on Bigshare website URL. Click Here

Comrade Appliances IPO Lead Managers aka Merchant Bankers

Gretex Corporate Services Pvt Ltd

Company Address

Comrade Appliances Limited
Shop No. 39, Ground Level I,
Dewan Centre, 183-186, S.V. Road, Jogeshwari West,
Mumbai – 400102
Phone: 022-66959545
Email: [email protected]
Website: http://www.comrade.net.in/

Comrade Appliances IPO FAQs

What is Comrade Appliances IPO?

Comrade Appliances IPO is an BSE SME IPO. They are going to raise ₹12.30 Crores via IPO. The issue is priced at ₹52 to ₹54 per equity share. The IPO is to be listed on BSE.

When Comrade Appliances IPO will open?

The IPO is to open on May 31, 2023 for QIB, NII, and Retail Investors.

What is Comrade Appliances IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Comrade Appliances IPO?

You can apply Comrade Appliances IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Comrade Appliances IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Comrade Appliances IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Comrade Appliances IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Comrade Appliances”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Comrade Appliances IPO Size?

Comrade Appliances IPO size is ₹12.30 crores.

What is Comrade Appliances IPO Price Band?

Comrade Appliances IPO Price Band is ₹52 to ₹54 per equity share.

What is Comrade Appliances IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹108,000.

What is Comrade Appliances IPO Allotment Date?

Comrade Appliances IPO allotment date is June 9, 2023.

What is Comrade Appliances IPO Listing Date?

Comrade Appliances IPO listing date is June 13, 2023. The IPO to list on BSE SME.

Note: The Comrade Appliances IPO details are announced officially. The IPO grey market premium (Comrade Appliances IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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