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15 Days Price Change

Comrade Appliances IPO

Closing In

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Issue Size --
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Price Range 52  to  54 per share
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Min Investment ₹54
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Comrade Appliances Ltd is a dynamic and innovative company that specializes in the production and distribution of high-quality home appliances. With a commitment to excellence, Comrade Appliances has established itself as a trusted brand in the industry. The company's diverse product line includes kitchen appliances, such as refrigerators, ovens, and dishwashers, as well as laundry appliances like washing machines and dryers. Comrade Appliances prioritizes technological advancements and designs its products with cutting-edge features, ensuring optimal performance and user convenience. The company takes pride in its meticulous craftsmanship and rigorous quality control processes to deliver reliable and durable appliances to customers worldwide. Comrade Appliances also places great emphasis on environmental sustainability, incorporating energy-efficient technologies into its products. With a customer-centric approach and a passion for innovation, Comrade Appliances Ltd aims to enhance the everyday lives of consumers through its exceptional appliances. Read More

Basic Info

Face Value 10 per share

Price 52  to  54 per share

P/E (x) 77.1

Sales( Cr.) 57

PAT( Cr.) 1

EPS 0.7

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

M/s Troupe Technologies Private Limited Mr. Khursheed Alam Mr. Mehboob Alam

Pre Issue Share Holding 100%

Post Issue Share Holding 73.35%

Listing Details:

Listing Price: 87

Listing Gain: 37.93%

Current Price: 32.3

Gain On Issue: 32.3 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 31, 2023
Closing Date Jun 05, 2023
Allotment Jun 06, 2023
Refund Jun 07, 2023
Delivery of Shares Jun 07, 2023
Listing Date Jun 08, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 108,000
Retail (Max) 1 2000 108,000
S-HNI (Min) 2 4000 216,000
S-HNI (Max) 9 18000 972,000
B-HNI (Min) 10 20000 1,080,000

Objective of the Issue

1. Working Capital Requirements 2. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 1139000 24898540 21.9x
NII 341700 55584339 162.7x
Retail 797300 57469384 72.1x
EMP 0 0 0x
Total 2278000 175975500 77.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Comrade Appliances Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 22 26 30 27 29 57
Other Income 0 0 0 0 0 0
Total Income 22 26 30 27 29 57
Total Expenditure 20 24 27 22 25 52
Operating Profit 1 2 3 5 4 5
Interest 0 1 1 1 2 2
Depreciation 0 1 1 1 1 3
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 1 0 1 2 1 1
Provision for Tax 0 0 0 1 0 0
Profit After Tax 0 0 0 2 1 1
Adjustments 0 0 0 0 0 0
Profit After Adjustments 0 0 0 2 1 1
Adjusted Earnings Per Share 1.3 0.6 0.7 3.1 0.7 0.7

Comrade Appliances Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3 5 5 7 17 23
Minority's Interest 0 0 0 0 0 0
Borrowings 2 6 4 2 2 12
Other Non-Current Liabilities 0 0 0 0 0 0
Total Current Liabilities 12 20 16 18 21 39
Total Liabilities 17 31 25 28 40 73
Fixed Assets 3 5 4 4 6 24
Other Non-Current Assets 0 1 1 1 1 1
Total Current Assets 14 26 20 22 33 49
Total Assets 17 31 25 28 40 73

Comrade Appliances Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 1 1
Cash Flow from Operating Activities 1 -2 4 -0 -6 5
Cash Flow from Investing Activities -1 -3 -0 -1 -3 -20
Cash Flow from Financing Activities -0 5 -4 1 9 14
Net Cash Inflow / Outflow 0 0 -0 0 0 -2
Closing Cash & Cash Equivalent 0 0 0 1 1 -1

Comrade Appliances Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.26 0.61 0.75 3.12 0.7 0.68
CEPS(Rs) 2.51 2.2 2.67 4.8 2.14 4.02
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 8.83 7.27 9.71 13.13 22.49 25.95
Core EBITDA Margin(%) 5.97 7.35 9.9 16.71 12.04 9.16
EBIT Margin(%) 4.03 5.44 6.83 13.55 8.68 4.82
Pre Tax Margin(%) 2.35 1.1 1.83 8.23 2.94 1.04
PAT Margin (%) 1.93 0.78 1.31 6.07 1.81 0.93
Cash Profit Margin (%) 3.87 2.81 4.66 9.35 5.55 5.46
ROA(%) 2.49 0.84 1.37 6.2 1.56 0.94
ROE(%) 14.25 7.55 10.42 27.45 4.41 2.86
ROCE(%) 12.56 11.01 11.6 19.98 9.82 6.87
Receivable days 88.05 98.7 96.12 81.8 85.44 63.98
Inventory Days 113.43 146.61 163.88 191.97 220.41 152.76
Payable days 132.6 133.43 127.83 122.47 117.49 118.14
PER(x) 0 0 0 0 110.88 129.23
Price/Book(x) 0 0 0 0 3.44 3.4
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.34 0.66 0.54 0.67 2.47 1.65
EV/Core EBITDA(x) 5.64 8.78 5.32 4 19.85 17.6
Net Sales Growth(%) 0 20.27 14.01 -9.06 7.52 97.71
EBIT Growth(%) 0 62.32 43.03 80.4 -31.08 9.65
PAT Growth(%) 0 -51.65 91.84 321.9 -67.89 1.03
EPS Growth(%) 0 -51.65 23.26 315.62 -77.61 -2.22
Debt/Equity(x) 1.37 5.84 2.22 1.96 0.82 1.33
Current Ratio(x) 1.2 1.26 1.24 1.22 1.6 1.26
Quick Ratio(x) 0.62 0.56 0.47 0.35 0.68 0.51
Interest Cover(x) 2.4 1.25 1.37 2.55 1.51 1.28
Total Debt/Mcap(x) 0 0 0 0 0.24 0.39

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 97% 24% 21% 0%
Operating Profit CAGR 25% 19% 38% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -61% NA% NA% NA%
ROE Average 3% 12% 11% 11%
ROCE Average 7% 12% 12% 12%

Company Contact Information

Comrade Appliances Ltd.

Office No. 303, A- Wing, 3rd Floor Key Tech Park, Sadhna Soap Lane Off S. V. Road, Jogeshwari (West)

IPO Lead Manager(s)

Comrade Appliances Ltd.

Gretex Corporate Services Ltd.

Registrar Info

Comrade Appliances Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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