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.
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, India. Tel. No. +91-1795-246820 E-mail: info@inflameindia.com, Website: www.inflameindia.com |
Registrar of Inflame Appliances Ltd IPO
|
---|
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020 Tel No.:+91 11 64732681-88 Fax No.:+91 11 26812682 Email: virenr@skylinerta.com; Investor Grievance Email: grievances@skylinerta.com Website:www.skylinerta.com Contact Person: Mr. Virender Rana SEBI Regn. No.:INR000003241 |
Lead Managers of Inflame Appliances Ltd IPO
|
---|
SWASTIKA INVESTMART LIMITED
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 Email: merchantbanking@swastika.co.in Investor Grievance Email: investorgreivance@swastika.co.in Website: www.swastika.co.in Contact Person: Mr. Mohit R. Goyal SEBI Regn. No.: INM000012102 |
Inflame Appliances Ltd IPO Grey Market Premium
|
---|
Check Grey Market Premium :- Click Here |
Inflame Appliances Ltd IPO Allotment Status
|
---|
Check Allotment Status :- Click Here |
Live Subscription for Inflame Appliances Ltd IPO
|
---|
Check Live Subscription :- Click Here |
Download Inflame Appliances Ltd IPO DRHP & ASBA e-Forms
|
---|
Download DRHP :- Click Here to Download Download e-Forms BSE:- Click Here to Download |
Inflame Appliances Ltd IPO Recommendations
|
---|
Live IPO Team Recommendation:- Neutral |
0 Response to "Inflame Appliances Ltd IPO Details"
Post a Comment