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IPO

IPO Details


Comrade Appliances Ltd
Registered Office: Shop No 39 Ground Level I, Dewan Centre 183-186 SV Road, Mumbai - 400102, Maharashtra
Phone: 91-22-66959545
Email: info@comrade.net.in
Website: www.comrade.net.in
Public issue of 22,78,000 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Comrade Appliances Limited (the "Company" or the "Issuer") for cash at a price of Rs. 54.00 per equity share including a share premium of Rs. 44.00 per equity share (the "Issue Price") aggregating to Rs. 12.30 crores ("The Issue") of which 1,14,000 equity shares aggregating to Rs. 0.62 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 21,64,000 equity shares aggregating to Rs. 11.69 crores (the "Net Issue"). The issue and the net issue will constitute 30.26% and 28.74% respectively of the post issue paid-up equity share capital of the company. Price Band: 54.00 per equity share of face value of Rs. 10/- each and the issue price is 5.4 times of the face value. Bid was made for minimum of 2,000 equity shares and the multiples of 2,000 equity shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
31-May-2023 05-Jun-2023 ₹ 54.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 9.51 Gretex Corporate Services Ltd
Project Financed through Current Offer 12.30
Post Issue Equity Share Capital 7.53
Issue Price ₹54.00
Projects
Working Capital Requirements
General Corporate Purposes
Promoted By
Troupe Technologies Pvt Ltd
Khursheed Alam
Mehboob Alam
Listing At
BSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

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NASDAQ
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