Comrade Appliances Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Comrade Applian.

CMP

99.50

+4.18 (4.39%)

₹54

Offer Price

₹ 12.30 Cr

Issue Size

₹ 1,08,000

Min Investment

2,000

Lot size

Time Line

  • 31
    May 2023
    Open
  • 05
    Jun 2023
    Close
  • 08
    Jun 2023
    Finalisation of Basis of Allotment
  • 09
    Jun 2023
    Initiation of Refunds
  • 12
    Jun 2023
    Transfer of Shares to Demat Account
  • 13
    Jun 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Risks

  • There are outstanding legal proceedings involving the Company, Promoters, Directors and Group Companies. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

  • The company business experiences an increase in sales during the summer seasons. And its major revenue comes from Air coolers. Any substantial decrease in its sales during such periods and its inability cope up with the company service during this time, then its revenues and profitability will be affected and have a negative effect on its image and brand.

  • Its Registered Office and the company Factory are not owned by it. The same are occupied by it on a lease basis. Disruption of the company rights as lessee or termination of the agreements with its lessor would adversely impact its operations and, consequently, the company business.

  • Under-utilization of its manufacturing capacities of Air Cooler and Electric Geysers could have an adverse effect on its business, future prospects and future financial performance.

  • If the company customers do not continue to outsource manufacturing, or if there is a downward trend in consumer durable good business, its sales could be adversely affected.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 29.65 (14.00%) 26.96 (-9.10%) 7.71 (-)
Gross Profit 29.65 (14.00%) 26.96 (-9.10%) 7.71 (-)
Net Income 29.65 (14.00%) 26.96 (-9.10%) 7.71 (-)
Assets 29.65 (14.00%) 26.96 (-9.10%) 7.71 (-)
Liabilities 29.65 (14.00%) 26.96 (-9.10%) 7.71 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Comrade Appliances Ltd 29.65 0.39 16.25 11.23 7.71 0.00 9.71 2.23 0.69
Dixon Technologies (India) Ltd 10,697.08 190.17 4,277.17 4,277.17 19.07 32.00 168.04 4.44 0.46
PG Electroplast Ltd 1,097.72 37.42 1,068.53 1,068.53 11.98 17.03 147.14 3.50 1.23

Book Running Managers

  • Gretex Corporate Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Shop No 39 Ground Level I,
Dewan Centre 183-186 SV Road,
Mumbai - 400102
Phone : 91-22-66959545 Email : info@comrade.net.in www.comrade.net.in

Offer Related Information

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... More

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