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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”.
| 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.
| 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 Size | 1,200,000 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, |
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 |
Considering company’s tie up for “Ujjwala” scheme, investment may be considered for long term in this fully priced offer.
Read detail review...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)
| Category | Subscription (times) |
|---|---|
| NII | 0.17 |
| Retail | 1.29 |
| Total | 0.73 |
| 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 |
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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
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://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 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.
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