Issue Price
₹54
Per Share
GMP
NIL
Grey Market
Est. Listing
₹54
Expected Price
Min. Application
₹216,000
2 lots × 2000 shares
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”.
Inflame Appliances Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 64,000 | — | ₹0.35 Cr | — |
| TOTAL | 1,200,000 | 100.00% | ₹6.48 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹108,000 |
| Retail (Max) | 13 | 26,000 | ₹1,404,000 |
| sNII (Min) | 14 | 28,000 | ₹1,512,000 |
| bNII (Min) | 68 | 136,000 | ₹7,344,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 1806.13 | 391.56 | N/A |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 45.85 | 6.25 | -1.31 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 576.31 | 170.01 | 1.60 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |