Inflame Appliances Ltd IPO Details

Inflame Appliances Ltd was Established in 2017, Inflame Appliances Limited is engaged in manufacturing of LPG 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.

The company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote of LPG Stoves through Indane Distributors to domestic Indane Customers. They have also made marketing arrangement with HPCL and BPCL for selling our products to their distributors and customers. The company is also manufacturing the Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”.

As per Inflame Appliances Ltd Company financials, The Company's growth is good, top line remain similar in last 5 years and there is sudden big jump in bottom line for FY18 which is very surprising, so it’s very impressive for company growth, The RoNW is 58.05 % for last three fiscals and issue looks reasonably priced as per latest earnings. Inflame Appliances Ltd Company is service manufacturing for LPG Gas Stove and Cooktops in various rang machines industry, there is good potential for fundamental growth. So, we Recommendation is "Neutral" rating to this SME IPO.
Inflame Appliances Ltd IPO Details
Issue Open 06-03-2018
Issue Close 08-03-2018
Allotment Date 14-03-2018
Unblocked Amount 15-03-2018
Listing Date 16-03-2018
Issue Share 12,00,000 Total Equity Share
64,000 Reserved by Market Maker
Issue Size ₹ 6.48 Cr
IPO Price Band ₹ 54
Minimum Share Bid 2000
Minimum Investment Amount [Rs]  ₹ 1,08,000
Face Value ₹ 10
Retail Allocation 50%
Listing On BSE SME
Premium [Per Share] NA
Average Earning Per Share NA
Expected Listing Gain ₹ 10000
Inflame Appliances Ltd IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 - - -
FY-2014 - - -
FY-2015 - - -
FY-2016 3.92 3.83 0.08
FY-2017 18.06 17.45 0.61
H1-FY-2018 25.42 24.38 1.05
Inflame Appliances Ltd IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 5,68,000 5,68,000 11,36,000
Day-1 [06-03-2018] 64,000 [0.11] 2,22,000 [0.39]2,86,000 [0.25]
Day-2 [07-03-2018] 98,000 [0.18] 7,32,000 [1.29] 8,30,000 [0.74]
Day-3 [08-03-2018] 6,00,000 [1.06] 25,30,000 [4.45] 31,30,000 [2.76]
Inflame Appliances Ltd IPO Valuation Details
Earnings Per Share [EPS] ₹ 1.97
Price/Earnings [P/E] Ratio 27.43
Return on Net Worth [RoNW] 58.05 %
Net Asset Value [NAV] ₹ 3.39 Per Share
Inflame Appliances Ltd IPO Contact Details
Inflame Appliances Ltd
Khewat Khatoni No. 45/45,
Khasra No. 942/855/1,
Village Kalyanpur Tehsil-Baddi,
Solan -173205,
Himachal Pradesh,
Tel. No. +91-1795-246820
Registrar of Inflame Appliances Ltd IPO
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020
Tel No.:+91 11 64732681-88
Fax No.:+91 11 26812682
Investor Grievance Email:
Contact Person: Mr. Virender Rana
SEBI Regn. No.:INR000003241
Lead Managers of Inflame Appliances Ltd IPO
305, Madhuban Building, Cochin Street,
S.B.S. Road, Fort, Mumbai, Maharashtra – 400 001.
Tel No.:+91–22–2265 5565
Fax No.:+91–22–664 4300
Investor Grievance Email:
Contact Person: Mr. Mohit R. Goyal
SEBI Regn. No.: INM000012102
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Inflame Appliances Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral

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