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Comrade Appliances IPO is a book build IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Electric Equipments sector. Gretex Corporate Services is the merchant banker of Comrade Appliances IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th February 2023.
Comrade Appliances IPO open date is 31st May 2023 and close date is 5th June 2023. IPO Allotment Date is 8th June 2023 and Listing date is 13th June 2023.Comrade Appliances IPO size is Rs 12.30 Cr. crores with IPO price of Rs 54.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the Comrade Appliances IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Comrade Appliances IPO.
Comrade Appliances IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Saint Capital Fund | 462,000.00 | ₹54.00 | ₹24,948,000.00 |
| Ativir Alternative Investment | 186,000.00 | ₹54.00 | ₹10,044,000.00 |
Comrade Appliances IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Comrade Appliances IPO, based in Mumbai, operates in the Electric Equipments sector with a focus on Manufacturing an extensive array of Air Coolers and Electric Geysers. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Comrade Appliances IPO size is ₹ 12.30 Cr. Crores with fresh issue size of Rs 12.30 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Comrade Appliances IPO is expected to be 8th June 2023, after the finalization of basis of allotment. Investors can check Comrade Appliances IPO allotment status on the registrars website, Bigshare Services Private Limited. Comrade Appliances IPO refund dates are 9th June 2023.
Comrade Appliances IPO is expected to be listed on 13th June 2023.
The upper price band for the Comrade Appliances IPO is set at ₹ 54.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Comrade Appliances IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Comrade Appliances IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 5th June 2023. After submission, funds are blocked until the basis of allotment of Comrade Appliances IPO is finalised.
The merchant banker for Comrade Appliances IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Comrade Appliances IPO RHP for further details.
The registrar for Comrade Appliances IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Comrade Appliances IPO through their official website or helpline.
Comrade Appliances IPO was subscribed 77.25 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 12.30 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.18 Cr.
Sector: Electric Equipments
SME IPO so far:
39
Merchant Banker:
Gretex Corporate
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 26.96 cr.
PE
Ratio:
24.88x
Average Sector PE Ratio: 18.31x
Comrade Appliances IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Comrade Appliances Financial Review Page
Merchant Banker(s) of Comrade Appliances IPO: Gretex Corporate Services Limited
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 105.00.
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