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Incorporated in 2007, Comfort Commotrade Limited (CCL) is currently engaged in the business of commodity broking. They offers trading in many commodities such as bullion (gold, silver), energy (crude oil, natural gas), metals, food grains (rice, maize), spices, oil and oil seeds and others. They are the member of MCX and NCDEX.
Comfort Group is headquartered in Mumbai. The group is also engaged in the business of providing loans through its group company Comfort Intech Limited. The Company has a diversified client base that includes HNIs, retail customers, mutual fund houses, financial institutions, corporate clients and others.
The objects of this Issue are to raise funds to:
1. Expand their business operations;
2. Enhancement of margin money maintained with the exchanges;
3. General corporate purpose;
4. Issue expenses.
| Comfort Commotrade IPO Date | Sep 5, 2012 to Sep 10, 2012 |
| Comfort Commotrade IPO Face Value | ₹10 per share |
| Comfort Commotrade IPO Price | ₹10 per share |
| Comfort Commotrade IPO Lot Size | 10000 Shares |
| Issue Size | 6,000,000 shares of ₹10 (aggregating up to ₹6.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Mr. Anil Agrawal |
The Comfort Commotrade IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
Although we have seen speedy rise in commodity trade in past few years, it is showing declining trends in the recent past. So servicing of the hike in equity to almost three fold will be a difficult task in the near term. So only long term HNI investors can dare to park moderate fund. Because post listing too the entry level of 10000 shares will not find many buyers and thus listing gains are also limited unless some mega market operation takes place as it was seen in the case of Max Alert. All other SME listings are quoting just little over or around offer price with market making gimmicks. Read detail review...
| Listing Date | Monday, September 24, 2012 |
| BSE Script Code | 534691 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE456N01019 |
| IPO Price | ₹10 per share |
| Face Value | ₹10 per share |
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Comfort Commotrade Ltd
A-301, Hetal Arch,
S. V. Road,
Malad (West), Mumbai – 400 064
Phone: +91-22-2844 9765
Email: ipo-commotrade@comfortsecurities.co.in
Website: http://www.comfortcommotrade.com
Sharepro Services Private Limited
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website: http://
Comfort Commotrade IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹6.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Sep 5, 2012, and closes on Sep 10, 2012.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Comfort Commotrade IPO opens on Sep 5, 2012 and closes on Sep 10, 2012.
Comfort Commotrade IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in Comfort Commotrade 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Comfort Commotrade IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Comfort Commotrade IPO allotment status.
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