Comrade Appliances Ltd - IPO

Comrade Appliances Ltd IPO Details

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.

Objective of issue

Working Capital Requirements. General Corporate Purposes.

Comrade Appliances Ltd Contact Details

Comrade Appliances Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@comrade.net.in

Website - www.comrade.net.in