Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Wed, Sep 5, 2012 - Mon, Sep 10, 2012
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 5, 2012
IPO Close
Mon, Sep 10, 2012
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹10.02 Cr
| IPO Date | 5 to 10 Sep, 2012 |
| Listed on | Mon, Sep 24, 2012 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 5,10,000 shares Narayan Securities Ltd. (agg. up to ₹0.5100 Cr) |
| Fresh Issue (Ex Market Maker) | 54,90,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 54,90,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 40,20,000 shares |
| Share Holding Post Issue | 1,00,20,000 shares |
| BSE Script Code | 534691 |
| ISIN | INE456N01019 |
Comfort Commotrade IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 54,90,000 shares, after excluding 5,10,000 shares allotted on a firm basis. Of the Net offer 27,45,000 (50.00%) allocated to NII 27,45,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,45,000 | 50.00% | 45.75% |
| Retail Shares Offered | 27,45,000 | 50.00% | 45.75% |
| Firm Reservations | |||
| Market Maker Shares Offered | 5,10,000 | 8.50% | |
| Total Shares Offered | 60,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expanding our business operations | 6.60 |
| 2 | Enhancement of margin money maintained with the exchanges | 1.50 |
| 3 | General corporate purpose | 0.50 |
| Total | 8.60 |
| KPI | |
|---|---|
| RoNW | 4.68% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 40.12% |
| Market Cap | ₹10.02 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.33 |
| 2 | Printing and distribution of issue stationery | 0.09 |
| 3 | Advertising and marketing expenses | 0.06 |
| 4 | Regulatory fees and other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.30 |
| Low | ₹10.10 |
| High | ₹10.80 |
| Last Trade | ₹10.80 |
Lead Manager Reports
Comfort Commotrade IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Sep 5, 2012, and closes on Mon, Sep 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 Wed, Sep 5, 2012 and closes on Mon, Sep 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 Mon, Sep 24, 2012.
