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Inflame Appliances Ltd IPO (Inflame Appliances IPO) Detail

Mar 6, 2018 - Mar 8, 2018

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”.

Company Promoters:

The promoters of the company are:

1.Mr. Aditya Kaushik,
2. Mr. Dinesh Kaushik and
3. Mr. Amit Kaushik

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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.

Inflame Appliances IPO Details

Issue OpenMar 6, 2018 - Mar 8, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,200,000 Eq Shares of Rs 10
(aggregating up to Rs 6.48 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 54 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Inflame Appliances IPO Subscription Status (Bidding Detail)

Inflame Appliances IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

568,000

568,000

1,136,000

Mar 7, 2018 17:00

0.17x

1.29x

0.73x

Inflame Appliances IPO Prospectus

Inflame Appliances IPO Rating

58
4.0
Rating:Rated 4.0 stars

Vote Here ...

Inflame Appliances IPO Listing Date

  •   ›  Listing Date: Friday, March 16, 2018
  •   ›  BSE Script Code: 541083
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE464Z01017
  •   ›  Issue Price: Rs 54 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 54.00
Rs 53.35
Rs 50.70
Rs 53.35
Rs 50.70
316,000

Inflame Appliances IPO Reviews / Ratings

Company Contact Information

Inflame Appliances Ltd
Khewat Khatoni No. 45/45, Khasra No. 942/855/1,
Village Kalyanpur Tehsil-Baddi,
Solan -173205
Phone: +91-1795-246820
Fax: NA
Email: info@inflameindia.com
Website: http://www.inflameindia.com

Inflame Appliances IPO Registrar

Skyline Financial Services Private Ltd   »  Report
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Inflame Appliances IPO Lead Manager(s)

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Inflame Appliances IPO Review / Comments

avatar
34. Mutyala Ramalingachowdary  May 3, 2018 13:22 I Like It. | Report Abuse
Hold 1 lot give suggestion hold or sell 16rs loss per share
avatar
33. AGARWAL RAJESH  Mar 22, 2018 16:36 I Like It. | Report Abuse
issue subscription details not available on bse sme website.
where to see the subscription status?
avatar
33.1. AGARWAL RAJESH  Mar 22, 2018 16:40 I Like It. | Report Abuse
sorry, wrongly posted here.
avatar
32. IPOANALYSIS  Mar 22, 2018 02:02 I Like It. 1 | Report Abuse
The Market Maker shall fulfill the applicable obligations and conditions as specified in the SEBI (ICDR) Regulations, and its
amendments from time to time and the circulars issued by the BSE and SEBI regarding this matter from time to time.
Following is a summary of the key details pertaining to the Market Making arrangement:
1. The Market Maker(s) (individually or jointly) shall be required to provide a 2-way quote for 75% of the time in a day. The same
shall be monitored by the stock exchange. Further, the Market Maker(s) shall inform the exchange in advance for each and every
black out period when the quotes are not being offered by the Market Maker(s).
2. The prices quoted by Market Maker shall be in compliance with the Market Maker Spread Requirements and other particulars
as specified or as per the requirements of SME Platform of stock exchange and SEBI from time to time.
3. The minimum depth of the quote shall be ` 1,00,000/-. However, the investors with holdings of value less than `1,00,000/- shall
be allowed to offer their holding to the Market Maker(s) (individually or jointly) in that script provided that he sells his entire
holding in that script in one lot along with a declaration to the effect to the selling broker.
4. The Market Maker shall not sell in lots less than the minimum contract size allowed for trading on the SME Platform (in this
case currently the minimum trading lot size is 2000 equity shares; however the same may be changed by the SME Platform of
stock exchange from time to time).
5. After a period of three (3) months from the market making period, the Market Maker would be exempted to provide quote if the
Shares of Market Maker in our company reaches to 25% of Issue Size. Any Equity Shares allotted to Market Maker under this
Issue over and above 25% of Issue Size would not be taken in to consideration of computing the threshold of 25% of Issue Size.
avatar
31. RISHIBHA  Mar 21, 2018 19:59 I Like It. | Report Abuse
Any one tell what is happening here plz
avatar
31.1. IPOANALYSIS  Mar 21, 2018 23:13 I Like It. 2 | Report Abuse
MAKE A COMPLAINT WITH SEBI
THE MARKET MAKER IS RESPOSIBLE TO BUY SHARES IF NO TRADE, ITS NOT HAPPENING HERE
MAKE SURE NOT TO APPLY IN ANY SWASTIKA ISSUES FROM HERE ON
avatar
30. S AGARWAL  Mar 19, 2018 12:31 I Like It. 1 | Report Abuse
It is just like Reliance Power end of All IPO`s and Inflame Appliances is end of all SME-IPO`s-that`s all.
avatar
29. IPOANALYSIS  Mar 16, 2018 18:21 I Like It. 1 | Report Abuse
SEBI IS SLEEPING.

DESPITE NO TRADE HAPPENING BEELINE AND SWASTIKA DID NOT PURCHASE SHARE TODAY
avatar
29.1. v for vendetta  Mar 17, 2018 00:29 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Is there any such rule?
avatar
28. IPOANALYSIS  Mar 16, 2018 12:22 I Like It. 2 | Report Abuse
WATE OF TIME AND ENERGY TO APPLY NEW SME IPO

ITS NOW A BIG FAILURE AS LAST 15 SME IPO ONLY 2 HAVE GIVEN RETURNS.

NOW STOP APPLYIMG NEW SME IPO AND BUY FROM SECONDARY MARKET.
avatar
27. Sunder  Mar 16, 2018 11:00 I Like It. | Report Abuse
NOW @ 50.70 LOWER CIRCUIT 5% DOWN
avatar
26. S Patel  Mar 16, 2018 09:50 I Like It. | Report Abuse
listing at 53.35
avatar
25. S Patel  Mar 16, 2018 09:39 I Like It. | Report Abuse
avatar
24. RISHIBHA  Mar 15, 2018 09:09 I Like It. | Report Abuse
Listing kab hai ???
avatar
24.1. saasipo  Mar 15, 2018 20:53 I Like It. | Report Abuse
listing tomorrow
avatar
23. dpcdsl  Mar 14, 2018 00:15 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Allotment status can be checked at
http://www.skylinerta.com/ipo.php
avatar
22. saasipo  Mar 13, 2018 20:06 I Like It. | Report Abuse
allotment out. u can check
avatar
21. NPP  Mar 13, 2018 19:03 I Like It. | Report Abuse
Allotment kab hai ?
Any listing gain ?
avatar
20. Carn Mohan  Mar 9, 2018 14:45 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I don''t apply but i think 5,7 % up or at par listing.
avatar
19. DownriteVJ  Mar 8, 2018 15:01 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
RII      4X
Overall 2.5X
avatar
18. DownriteVJ  Mar 8, 2018 14:17 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
RII      3.22X
Overall      2.00X
avatar
17. DownriteVJ  Mar 8, 2018 14:02 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
RII 3.19X
Overall 1.98X
avatar
16. an Investor  Mar 8, 2018 13:59 I Like It. | Report Abuse
I am giving it a miss, good SMEs are available in secondary market.
avatar
15. DownriteVJ  Mar 8, 2018 13:50 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
RII      2.7X
OVerall 1.72X
avatar
15.1. DownriteVJ  Mar 8, 2018 13:51 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
RII      2.92
Overall 1.84
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