Inflame Appliancess IPO is set to make its debut on 6th March 18 with 6.48 cis engaged in manufacturing of LPG Gas Stove/cooktops and Sheet Metal Components.
Inflame Appliancess IPO – overview
| IPO Dates | 6-8 March 18 |
| IPO Price | INR 54 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,200,000 shares (INR 6.48 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
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 arrangements with HPCL and BPCL for selling their products to their distributors and customers.
Company sells its product under the brand “Inflame” and Glass top LPG Stove in 2/3/4 burner in premium ranges for brands.
Objects of the Issue
1. To meet Working Capital requirements;
2. To meet Capital Expenditure;
3. General Corporate Expenses;
4. To meet Issue Expenses.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 576.31 | 170.01 | 1.60 |
| Total Revenue | 1,806.13 | 391.56 | – |
| Profit After Tax | 45.85 | 6.25 | -1.31 |
Company Contact Information
Inflame Appliances Ltd
Khewat Khatoni No. 45/45, Khasra No. 942/855/1,
Village Kalyanpur Tehsil-Baddi,
Solan -173205
Phone: +91-1795-246820
Email: info@inflameindia.com
Website: http://www.inflameindia.com
Inflame Appliances IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Inflame Appliances IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
