IPO Synopsis
Comrade Appliances Ltd
  • Registered Office: Shop No 39 Ground Level I,Dewan Centre 183-186 SV Road, Mumbai - 400102, Maharashtra, India. Phone : 91-22-66959545   Fax:
  • Email : info@comrade.net.in
  • Website :www.comrade.net.in
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 issue less the market maker reservation portion i.e. net issue of 21,64,000 equity shares aggregating to Rs. 11.69 crores (the "Net Issue"). The issue and the net issue will constitute 30.26% and 28.74% respectively of the post issue paid-up equity share capital of the company. Price Band: 54.00 per equity share of face value of Rs. 10/- each and the issue price is 5.4 times of the face value. Bid was made for minimum of 2,000 equity shares and the multiples of 2,000 equity shares thereafter.
Opens On Closes On
31-May-23 05-Jun-23
Money Payable On
Application Allotment
54.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 9.51 Gretex Corporate Services Ltd
Project Financed through Current Offer (.Cr) 12.30  
Post Issue Equity Share Capital (.Cr) 7.53
Issue Price () 54.00
Working Capital Requirements
General Corporate Purposes
Promoted By
Troupe Technologies Pvt Ltd
Khursheed Alam
Mehboob Alam
Listing At
Registrar to the Issue
No Data Available

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