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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 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

Inflame Appliances IPO Date Mar 6, 2018 to Mar 8, 2018
Inflame Appliances IPO Face Value ₹10 per share
Inflame Appliances IPO Price ₹54 per share
Inflame Appliances IPO Lot Size 2000 Shares
Issue Size1,200,000 shares of ₹10
(aggregating up to ₹6.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

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

Inflame Appliances IPO Lot Size

The Inflame Appliances IPO 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
Retail (Min) 1 2000 ₹108,000
Retail (Max) 1 2000 ₹108,000

Inflame Appliances IPO Review

Considering company’s tie up for “Ujjwala” scheme, investment may be considered for long term in this fully priced offer.

Read detail review...


Inflame Appliances IPO Subscription Status (Bidding Detail)

The Inflame Appliances IPO is subscribed 0.73 times on Mar 7, 2018 5:00:00 PM. The public issue subscribed 1.29 times in the retail category, times in the QIB category, and 0.17 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.17
Retail1.29
Total0.73

Inflame Appliances IPO Prospectus

Inflame Appliances IPO Rating

58
4.0
Rating:Rated 4.0 stars
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Inflame Appliances IPO Listing Date

Listing Date Friday, March 16, 2018
BSE Script Code 541083
NSE Symbol
Listing In MT Group of Securities
ISIN INE464Z01017
IPO Price ₹54 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹54.00
₹53.35
₹50.70
₹53.35
₹50.70

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
Email: info@inflameindia.com
Website: http://www.inflameindia.com

Inflame Appliances IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

Inflame Appliances IPO Review

Inflame Appliances IPO Recommendation Summary

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Members 0 0 0

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Inflame Appliances IPO FAQs

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 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 .

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.

The Inflame Appliances IPO listing date is on Friday, March 16, 2018.
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Inflame Appliances IPO Message Board

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44 Comments

34. Mutyala Ramalingachowdary |   Link |May 3, 2018 1:22:15 PM
Hold 1 lot give suggestion hold or sell 16rs loss per share
33. AGARWAL RAJESH |   Link |Mar 22, 2018 4:36:10 PM
issue subscription details not available on bse sme website.
where to see the subscription status?
33.1. AGARWAL RAJESH |   Link |Mar 22, 2018 4:40:59 PM
sorry, wrongly posted here.
32. IPOANALYSIS |   Link |Mar 22, 2018 2:02:09 AM
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.
31. RISHIBHA |   Link |Mar 21, 2018 7:59:31 PM
Any one tell what is happening here plz
31.1. IPOANALYSIS |   Link |Mar 21, 2018 11:13:42 PM
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
30. S AGARWAL |   Link |Mar 19, 2018 12:31:39 PM
It is just like Reliance Power end of All IPO`s and Inflame Appliances is end of all SME-IPO`s-that`s all.
29. IPOANALYSIS |   Link |Mar 16, 2018 6:21:06 PM
SEBI IS SLEEPING.

DESPITE NO TRADE HAPPENING BEELINE AND SWASTIKA DID NOT PURCHASE SHARE TODAY
29.1. v for vendetta |   Link |Mar 17, 2018 12:29:23 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Is there any such rule?
28. IPOANALYSIS |   Link |Mar 16, 2018 12:22:25 PM
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.
27. Sunder |   Link |Mar 16, 2018 11:00:19 AM
NOW @ 50.70 LOWER CIRCUIT 5% DOWN
26. S Patel |   Link |Mar 16, 2018 9:50:46 AM
listing at 53.35
25. S Patel |   Link |Mar 16, 2018 9:39:13 AM
https://www.bseindia.com/stock-share-price/-/inflame/541083/

current price Rs. 50
24. RISHIBHA |   Link |Mar 15, 2018 9:09:13 AM
Listing kab hai ???
24.1. saasipo |   Link |Mar 15, 2018 8:53:05 PM
listing tomorrow
23. dpcdsl |   Link |Mar 14, 2018 12:15:20 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Allotment status can be checked at
http://www.skylinerta.com/ipo.php
22. saasipo |   Link |Mar 13, 2018 8:06:12 PM
allotment out. u can check
21. NPP |   Link |Mar 13, 2018 7:03:53 PM
Allotment kab hai ?
Any listing gain ?
20. Carn Mohan |   Link |Mar 9, 2018 2:45:19 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
I don''t apply but i think 5,7 % up or at par listing.
19. DownriteVJ |   Link |Mar 8, 2018 3:01:06 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
RII      4X
Overall 2.5X
18. DownriteVJ |   Link |Mar 8, 2018 2:17:52 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
RII      3.22X
Overall      2.00X
17. DownriteVJ |   Link |Mar 8, 2018 2:02:03 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
RII 3.19X
Overall 1.98X
16. an Investor |   Link |Mar 8, 2018 1:59:02 PM
I am giving it a miss, good SMEs are available in secondary market.
15. DownriteVJ |   Link |Mar 8, 2018 1:50:24 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
RII      2.7X
OVerall 1.72X
15.1. DownriteVJ |   Link |Mar 8, 2018 1:51:37 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
RII      2.92
Overall 1.84