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) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 576.31 | 170.01 | 1.60 | 1.87 | ||
| Total Revenue | 1,806.13 | 391.56 | - | - | ||
| 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.
| IPO Opening Date | Mar 6, 2018 |
| IPO Closing Date | Mar 8, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹54 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,200,000 Eq Shares of ₹10 (aggregating up to ₹6.48 Cr) |
The Inflame Appliances IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹108,000 |
| Maximum | 1 | 2000 | ₹108,000 |
The Inflame Appliances IPO is subscribed 0.73x times on Mar 7, 2018 17:00. The public issue subscribed 1.29x in the retail category, in the QIB category, and 0.17x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 0.17x |
| RII | 1.29x |
| Total | 0.73x |
| Listing Date | Friday, March 16, 2018 |
| BSE Script Code | 541083 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE464Z01017 |
| IPO Price | ₹54 per equity share |
| Face Value | ₹10 per equity share |
|
|
Inflame Appliances Ltd
Khewat Khatoni No. 45/45, Khasra No. 942/855/1,
Village Kalyanpur Tehsil-Baddi,
Solan -173205
Phone: +91-1795-246820
Email: info@inflameindia.com
Website: http://www.inflameindia.com
Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com
Inflame Appliances IPO is a SME IPO of 1,200,000 equity shares of the face value of ₹10 aggregating up to ₹6.48 Crores. The issue is priced at ₹54 per equity share. The minimum order quantity is 2000 Shares.
The IPO opens on Mar 6, 2018, and closes on Mar 8, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Inflame Appliances IPO opens on Mar 6, 2018 and closes on Mar 8, 2018.
Inflame Appliances IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
You can apply in Inflame Appliances 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 Inflame Appliances IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Inflame Appliances IPO allotment status.
Useful Articles
Compare Share Broker in India
Download Our Mobile App
Visit our other websites
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading Homepage
Options Overview
Benefits & Risks of Options
Options Pricing
Options Trading FAQs
Options Trading Glossary
Broker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI Homepage
Best NRI Trading Account
Best NRI 3-in-1 Account
Top 10 Discount Brokers
Top 10 Full-Service Brokers
NRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
IPO Guru (1700+ Posts, 1300+ Likes)
Top Contributor (300+ Posts, 300+ Likes)
IPO Mentor (700+ Posts, 200+ Likes)