214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Comrade Appliances IPO (Comrade Appliances Limited IPO) Detail

Comrade Appliances Limited is an Electric Equipments based company, located in Mumbai, Comrade Appliances Limited IPO size was 12.30 Cr. and was issued at 54.00 per share. The share of Comrade Appliances Limited were listed at 87.00 per share and are currently trading at 93.65 per share.

Type :
Sub Sector : Manufacturing An Extensive Array Of Air Coolers And Electric Geysers
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
26.99 Cr.

PAT :
1.64 Cr.

Pricing Report

Issue Price :
54.00

Listing Price :
87.00

Current Market Price :
93.65

Issue Price vs CMP :
39.65 (73.43%)

listing Price vs CMP :
6.65 (7.64%)

Performance Report (CAGR* wise)

CAGR : 26.71
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Comrade Appliances

Company Information
Comrade Appliances is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. They manufacture consumer durable goods and assemble a wide array of products and provide end-to-end product solutions. They serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models. Under the OEM model, they manufacture and supply products basis designs developed by their customers, who then further distribute these products under their own brands. Under the ODM model, in addition to manufacturing, they conceptualize and design the products which are then marketed to their customers’ prospective customers under their brands. Their current product portfolio of consumer goods includes (I) Air Coolers; (ii) Electric Geysers. They offer innovative solutions to their customers, which include leading
Show More
Object of Issue
  • Working Capital Requirements
  • General Corporate Purposes

Comrade Appliances SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jun, 2023
IPO Size :
12.30 Cr.
Market Cap :
40.66 Cr.   
IPO Subscription :
77.25 X     
PE Multiple :
24.88
Anchor Investors:
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

See Other SME IPOs in Mumbai

Greenleaf Envirotech Limited

  Providing engineering, procurement, construction (EPC) and turnkey solutions for Wastewater Treatment Projects (WWT)

  Surat


DSM Fresh Foods Limited

  Fresh meat and ready-to-cook/eat non-veg products retailer

  New Delhi


Shlokka Dyes Limited

  Manufacturing of reactive dyes and pigments

  Bharuch


Munish Forge Limited

  Manufacturing premium forged and cast components

  Ludhiana


Sheel Biotech Limited

  Business of growing, developing, processing, and supplying a wide range of plants for field crops, fruits, vegetables, and ornamental plants

  New Delhi


Peer Companies Of This Sector

FAQs

Comrade Appliances operates in Electric Equipments and Manufacturing An Extensive Array Of Air Coolers And Electric Geysers. The Issue is listed on BSE SME in Jun, 2023. Comrade Appliances IPO size was 12.30 Cr. with Issue price of 54.00 .

Comrade Appliances IPO subscription was 77.25 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Comrade Appliances IPO listed at a listing price of 87.00 against the offer price of 54.00.

The current market price of Comrade Appliances is 93.65.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency