Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Tue, Mar 6, 2018 - Thu, Mar 8, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 6, 2018
IPO Close
Thu, Mar 8, 2018
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹21.60 Cr
| IPO Date | 6 to 8 Mar, 2018 |
| Listed on | Fri, Mar 16, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 64,000 shares Beeline Broking Ltd. (agg. up to ₹0.3456 Cr) |
| Fresh Issue (Ex Market Maker) | 11,36,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 11,36,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 28,00,000 shares |
| Share Holding Post Issue | 40,00,000 shares |
| BSE Script Code | 541083 |
| ISIN | INE464Z01017 |
Inflame Appliances IPO comprises a total issue size of 12,00,000 shares. The net offer to the public is 11,36,000 shares, after excluding 64,000 shares allotted on a firm basis. Of the Net offer 5,68,000 (50.00%) allocated to NII 5,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,68,000 | 50.00% | 47.33% |
| Retail Shares Offered | 5,68,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 64,000 | 5.33% | |
| Total Shares Offered | 12,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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”.
| 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 | Working Capital Requirements | 2.50 |
| 2 | Capital Expenditure | 3.00 |
| 3 | General Corporate Expenses | 0.28 |
The Inflame Appliances IPO is subscribed 0.73 times on March 7, 2018 5:00:00 PM (Day 2). The public issue subscribed 1.29 times in the retail category, [.] times in the QIB category, and 0.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.17 | 5,68,000 | 98,000 |
| Retail | 1.29 | 5,68,000 | 7,32,000 |
| Total | 0.73 | 11,36,000 | 8,30,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries and other out of pocket expenses | 0.28 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.35 |
| 4 | Statutory and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹53.35 |
| Low | ₹50.70 |
| High | ₹53.35 |
| Last Trade | ₹50.70 |
Lead Manager Reports
Inflame Appliances IPO is a SME IPO of 12,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Mar 6, 2018, and closes on Thu, Mar 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 Tue, Mar 6, 2018 and closes on Thu, Mar 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 Fri, Mar 16, 2018.
