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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”.
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 0.73 times on Mar 7, 2018 17:00. The public issue subscribed 1.29 in the retail category, in the QIB category, and 0.17 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.17 |
| RII | 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 equity share |
| Face Value | ₹10 per equity 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: +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.
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