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Comfort Commotrade IPO is a fixed price issue of ₹6.00 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹6.00 crore.
Comfort Commotrade IPO bidding started from Sep 5, 2012 and ended on Sep 10, 2012. The shares got listed on BSE SME on Sep 24, 2012.
Comfort Commotrade IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
VC Corporate Advisors Pvt.Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Narayan Securities Ltd..
Refer to Comfort Commotrade IPO RHP for detailed Information.
| IPO Date | September 5, 2012 to September 10, 2012 |
| Listing Date | September 24, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹6.00 Cr) |
| Reserved for Market Maker | 5,10,000 shares Narayan Securities Ltd. (aggregating up to ₹0.5100 Cr) |
| Net Offered to Public | 54,90,000 shares (aggregating up to ₹5.49 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 40,20,000 shares |
| Share Holding Post Issue | 1,00,20,000 shares |
Comfort Commotrade IPO offers total 60,00,000 shares. Out of which 27,45,000 (45.75%) allocated to NII, 27,45,000 (45.75%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,10,000 (8.50%) |
| NII (HNI) Shares Offered | 27,45,000 (45.75%) |
| Retail Shares Offered | 27,45,000 (45.75%) |
| Total Shares Offered | 60,00,000 (100.00%) |
Comfort Commotrade IPO opens on September 5, 2012, and closes on September 10, 2012.
| IPO Open Date | Wed, Sep 5, 2012 |
| IPO Close Date | Mon, Sep 10, 2012 |
| Tentative Listing Date | Mon, Sep 24, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 10, 2012 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Comfort Commotrade Limited (CCL) is currently engaged in the business of commodity broking. They offers trading in many commodities such as bullion (gold, silver), energy (crude oil, natural gas), metals, food grains (rice, maize), spices, oil and oil seeds and others. They are the member of MCX and NCDEX.
Comfort Group is headquartered in Mumbai. The group is also engaged in the business of providing loans through its group company Comfort Intech Limited. The Company has a diversified client base that includes HNIs, retail customers, mutual fund houses, financial institutions, corporate clients and others.
| KPI | Values |
|---|---|
| RoNW | 4.68% |
The Company Comfort Commotrade IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expanding our business operations | 6.60 |
| 2 | Enhancement of margin money maintained with the exchanges | 1.50 |
| 3 | General corporate purpose | 0.50 |
| 4 | Issue Expenses | 0.50 |
[Dilip Davda] Although we have seen speedy rise in commodity trade in past few years, it is showing declining trends in the recent past. So servicing of the hike in equity to almost three fold will be a difficult task in the near term. So <b>only long term HNI investors can dare to park moderate fund</b>. Because post listing too the entry level of 10000 shares will not find many buyers and thus listing gains are also limited unless some mega market operation takes place as it was seen in the case of Max Alert. All other SME listings are quoting just little over or around offer price with market making gimmicks. Read detail review...
| Listing Date | September 24, 2012 |
| BSE Script Code | 534691 |
| NSE Symbol | |
| ISIN | INE456N01019 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.30 |
| Low | ₹10.10 |
| High | ₹10.80 |
| Last Trade | ₹10.80 |
Comfort Commotrade Ltd.
A-301, Hetal Arch,
S. V. Road,
Malad (West), Mumbai – 400 064
Malad, Maharashtra
Phone: +91-22-2844 9765
Email: ipo-commotrade@comfortsecurities.co.in
Website: http://www.comfortcommotrade.com
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
Comfort Commotrade IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on September 5, 2012, and closes on September 10, 2012.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Comfort Commotrade IPO using UPI as a payment gateway. Zerodha customers can apply in Comfort Commotrade IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Comfort Commotrade IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Comfort Commotrade IPO opens on September 5, 2012 and closes on September 10, 2012.
Comfort Commotrade IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Comfort Commotrade IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Comfort Commotrade IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Comfort Commotrade IPO allotment status.
The Comfort Commotrade IPO listing date is on Monday, September 24, 2012.
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