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Inflame Appliances Ltd IPO (Inflame Appliances IPO) Detail

March 6, 2018 - March 8, 2018

Inflame Appliances IPO is a fixed price issue of Rs 6.48 crores.

Inflame Appliances IPO bidding started from March 6, 2018 and ended on March 8, 2018. The shares got listed on BSE SME on March 16, 2018.

Inflame Appliances IPO price is ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Swastika Investmart Ltd is the book running lead manager of the Inflame Appliances IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Inflame Appliances IPO RHP for detailed information.

Inflame Appliances IPO Details

IPO Date March 6, 2018 to March 8, 2018
Listing Date March 16, 2018
Face Value ₹10 per share
Price ₹54 per share
Lot Size 2000 Shares
Total Issue Size1,200,000 shares
(aggregating up to ₹6.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion64,000 shares

Inflame Appliances IPO Reservation

Inflame Appliances IPO offers 1,264,000 shares. 568,000 (44.94%) to NII, 568,000 (44.94%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered64,000 (5.06%)
Other Shares Offered568,000 (44.94%)
Retail Shares Offered568,000 (44.94%)
Other Shares Offered64,000 (5.06%)
Total Shares Offered1,264,000 (100%)

Inflame Appliances IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹108,000
Retail (Max) 1 2000 ₹108,000
Lot Size Calculator

About Inflame Appliances Ltd

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 (Inflame Appliances IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

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 March 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)
Other0.17
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 Details

Listing Date March 16, 2018
BSE Script Code 541083
NSE Symbol
ISIN INE464Z01017
Final Issue Price ₹54 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹54.00
₹53.35
₹50.70
₹53.35
₹50.70

Check IPO Performance…

Inflame Appliances Ltd Contact Details

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/ipo.php

Inflame Appliances IPO - Buy or Not

Inflame Appliances IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
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 March 6, 2018, and closes on March 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 March 6, 2018 and closes on March 8, 2018.

Inflame Appliances IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.

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, Nuvama, 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 March 16, 2018.
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Inflame Appliances IPO Message Board

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44 Comments

34. Mutyala Ramalingachowdary |   Link |  Bookmark |May 3, 2018 1:22:15 PM
Hold 1 lot give suggestion hold or sell 16rs loss per share
33. AGARWAL RAJESH |   Link |  Bookmark |March 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 |  Bookmark |March 22, 2018 4:40:59 PM
sorry, wrongly posted here.
32. IPOANALYSIS |   Link |  Bookmark |March 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 |  Bookmark |March 21, 2018 7:59:31 PM
Any one tell what is happening here plz
31.1. IPOANALYSIS |   Link |  Bookmark |March 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 |  Bookmark |March 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 |  Bookmark |March 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 |  Bookmark |March 17, 2018 12:29:23 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Is there any such rule?
28. IPOANALYSIS |   Link |  Bookmark |March 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 |  Bookmark |March 16, 2018 11:00:19 AM
NOW @ 50.70 LOWER CIRCUIT 5% DOWN
26. S Patel |   Link |  Bookmark |March 16, 2018 9:50:46 AM
listing at 53.35
25. S Patel |   Link |  Bookmark |March 16, 2018 9:39:13 AM
https://www.bseindia.com/stock-share-price/-/inflame/541083/

current price Rs. 50
24. RISHIBHA |   Link |  Bookmark |March 15, 2018 9:09:13 AM
Listing kab hai ???
24.1. saasipo |   Link |  Bookmark |March 15, 2018 8:53:05 PM
listing tomorrow
23. dpcdsl |   Link |  Bookmark |March 14, 2018 12:15:20 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Allotment status can be checked at
http://www.skylinerta.com/ipo.php
22. saasipo |   Link |  Bookmark |March 13, 2018 8:06:12 PM
allotment out. u can check
21. NPP |   Link |  Bookmark |March 13, 2018 7:03:53 PM
Allotment kab hai ?
Any listing gain ?
20. Carn Mohan |   Link |  Bookmark |March 9, 2018 2:45:19 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
I don''t apply but i think 5,7 % up or at par listing.
19. DownriteVJ |   Link |  Bookmark |March 8, 2018 3:01:06 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
RII      4X
Overall 2.5X
18. DownriteVJ |   Link |  Bookmark |March 8, 2018 2:17:52 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
RII      3.22X
Overall      2.00X
17. DownriteVJ |   Link |  Bookmark |March 8, 2018 2:02:03 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
RII 3.19X
Overall 1.98X
16. an Investor |   Link |  Bookmark |March 8, 2018 1:59:02 PM (200+ Posts)
I am giving it a miss, good SMEs are available in secondary market.
15. DownriteVJ |   Link |  Bookmark |March 8, 2018 1:50:24 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
RII      2.7X
OVerall 1.72X
15.1. DownriteVJ |   Link |  Bookmark |March 8, 2018 1:51:37 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
RII      2.92
Overall 1.84