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”.
The promoters of the company are:
1.Mr. Aditya Kaushik,
2. Mr. Dinesh Kaushik and
3. Mr. Amit Kaushik
|Particulars||For the year/period ended (in Rs. lakhs)|
|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.
»» Issue Open: Mar 6, 2018 - Mar 8, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,200,000 Equity Shares of Rs 10 aggregating up to Rs 6.48 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 54 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: BSE SME
Inflame Appliances IPO Subscription Status tells if Inflame Appliances IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Inflame Appliances IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||568,000||568,000||64,000||1,200,000|
|Day 1 - Mar 6, 2018 17:00 IST||0||64,000||254,000||-||318,000|
|Day 2 - Mar 7, 2018 17:00 IST||0||98,000||732,000||-||830,000|
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