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Inflame Appliances IPO is a fixed price issue of ₹6.48 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹6.48 crore.
Inflame Appliances IPO bidding started from Mar 6, 2018 and ended on Mar 8, 2018. The shares got listed on BSE SME on Mar 16, 2018.
Inflame Appliances IPO price is ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Swastika Investmart Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Inflame Appliances IPO RHP for detailed Information.
| IPO Date | March 6, 2018 to March 8, 2018 |
| Listing Date | March 16, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,00,000 shares (aggregating up to ₹6.48 Cr) |
| Reserved for Market Maker | 64,000 shares Beeline Broking Ltd. (aggregating up to ₹0.3456 Cr) |
| Net Offered to Public | 11,36,000 shares (aggregating up to ₹6.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 28,00,000 shares |
| Share Holding Post Issue | 40,00,000 shares |
Inflame Appliances IPO offers total 12,00,000 shares. Out of which 5,68,000 (47.33%) allocated to NII, 5,68,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 64,000 (5.33%) |
| NII (HNI) Shares Offered | 5,68,000 (47.33%) |
| Retail Shares Offered | 5,68,000 (47.33%) |
| Total Shares Offered | 12,00,000 (100.00%) |
Inflame Appliances IPO opens on March 6, 2018, and closes on March 8, 2018.
| IPO Open Date | Tue, Mar 6, 2018 |
| IPO Close Date | Thu, Mar 8, 2018 |
| Tentative Listing Date | Fri, Mar 16, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 8, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Incorporated in 2017, Inflame Appliances Ltd is engaged in manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components. Company's product range includes cooktops, hobs, cooker hoods(Chimneys) and Cooking ranges.
They manufacture Gas Stove/ Cooktops in various range like Gas Stove in Sheet Metal, Gas Stove with Toughed Glass (Optional Auto Ignition) with range of 4 Burners/ 3 Burners/ 2 Burners and Sheet Metal Components for captive consumption in the state of Himachal Pradesh.
Company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote of LPG Stoves through Indane Distributers to domestic Indane Customers. They also made marketing arrangement with HPCL and BPCL for selling their products to their distributers and customers.
Company sell it's product under the brand "Inflame" and Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”.
| Particulars | For the year/period ended (in Rs. lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 576.31 | 170.01 | 1.60 | 1.87 | ||
| Total Revenue | 1,806.13 | 391.56 | - | - | ||
| Profit After Tax | 45.85 | 6.25 | -1.31 | -1.25 | ||
The Company Inflame Appliances 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 | Working Capital Requirements | 2.50 |
| 2 | Capital Expenditure | 3.00 |
| 3 | General Corporate Expenses | 0.28 |
[Dilip Davda] <p>Considering company’s tie up for “Ujjwala” scheme, investment may be considered for long term in this fully priced offer.</p> Read detail review...
| Listing Date | March 16, 2018 |
| BSE Script Code | 541083 |
| NSE Symbol | |
| ISIN | INE464Z01017 |
| Final Issue Price | ₹54 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹53.35 |
| Low | ₹50.70 |
| High | ₹53.35 |
| Last Trade | ₹50.70 |
Inflame Appliances Ltd.
Khewat Khatoni No. 45/45,
Khasra No. 942/855/1,
Village Kalyanpur Tehsil-Baddi,
Solan, Himachal Pradesh, 173205
Phone: +91-1795-246820
Email: info@inflameindia.com
Website: http://www.inflameindia.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Inflame Appliances IPO is a SME IPO of 12,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.48 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on March 6, 2018, and closes on March 8, 2018.
Skyline Financial 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 Inflame Appliances IPO using UPI as a payment gateway. Zerodha customers can apply in Inflame Appliances IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Inflame Appliances IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Inflame Appliances IPO opens on March 6, 2018 and closes on March 8, 2018.
Inflame Appliances IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Inflame Appliances 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 Inflame Appliances IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Inflame Appliances IPO allotment status.
The Inflame Appliances IPO listing date is on Friday, March 16, 2018.
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