Comrade Appliances Limited

Comrade Appliances Limited IPO Review, Date, Price, GMP, Allotment

Comrade Appliances Limited was founded in 2017 with the goal of offering high-quality OEM/ODM home appliances at competitive pricing. Comrade Appliances Limited is a major manufacturer and provider of Original Equipment Manufacturing (OEM) goods in various sizes and specifications. Companies’ products are well-liked for advantages such as energy efficiency, durability, easy operation, and minimal maintenance costs.

Comrade Appliances Pvt. Ltd. provides the following products:

  • Air Cooler
  • Electric Geyser
  • Washing Machine

Here are a few of the company’s Strengths:

  • Broad range of products
  • High-quality products
  • Reasonable prices
  • Outstanding customer service

Comrade Appliances Limited IPO Complete Details:

IPO Date31 May 2023 to 05 June 2023
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Face Value10 Rs. Per Share
PriceRs.52 to 54
Lot Size2000
Issue Size2,278,000 shares (Rs. 12.30 Cr)
Fresh Issue2,278,000 shares (Rs. 12.30 Cr)
Listing Date13 June 2023

Comrade Appliances Limited IPO Timetable:

Opening Date31 May 2023
Closing Date05 June 2023
Allotment08 June 2023
Initiation of Refunds09 June 2023
Credit of Shares to Demat Account12 June 2023
Listing Date13 June 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxReserves and Surplus
31 March 20201,678.982,162.2941.80-38.97
31 March 20213,140.652,603.8520.21-90.60
31 March 20222,527.312,973.2838.75-14.87
30 September 20222,272.211,559.15100.45 85.61
Amount In Lakhs

AS OF NOW, the GMP OF Comrade Appliances Limited is Around 21 Rs.

Leave a Reply

Your email address will not be published. Required fields are marked *