Comrade Appliances Limited IPO
i. Comrade Appliances is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. They manufacture consumer durable goods and assemble a wide array of products and provide end-to-end product solutions. The company serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models.
ii. Under the OEM model, they manufacture and supply products basis designs developed by their customers, who then further distribute these products under their own brands.
iii. Under the ODM model, in addition to manufacturing, they conceptualize and design the products which are then marketed to their customers’ prospective customers under their brands.
iv. The company has over 5 years of experience in manufacturing sector. Since inception, they have expanded their product portfolio, customer base and gained technological expertise in designing and manufacturing of their products.
v. The Company has four departments which includes
1) Production Department,
2) Moulding Department,
3) Administration Department
4) Logistics Department.
i. Air Cooler-Tower Series
ii. Air Cooler-Personal Series
iii. Electric Geysers
i. Strategic Location of Manufacturing Unit
ii. Constant focus on developing new and innovative products
iii. R&D and product design capabilities leading to generation of ODM business
iv. Strong relationships with a diverse top-tier customer base
Objects of the Comrade Appliances Limited IPO:
Comrade Appliances Limited IPO Details:
|Open Date:||May 31 2023|
|Close Date:||Jun 05 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||12.30 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 52-54 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Jun 13 2023|
Promoters And Management:
Financials of Comrade Appliances Limited IPO:
|Particulars (in lakh)||2023||2022||2021|
|Cost of Material Consumed||1,693.71||2,039.31||2,271.65|
|Purchase of Stock-in-trade||68.85||31.73||25.72|
|Change in Inventory||-39.73||78.12||-165.02|
|Employee Benefit Expenses||223.74||206.24||125.1|
Comparison With Peers:
|Name of the Company||Revenue(Cr)||Profit(Cr)||EPS||P/E||CMP||MCap|
|Comrade Appliances Limited||27||1.63||2.21||24||54||40|
|Dixon Technologies Limited||12,192||255||42.9||86.90||3,720||22,157|
|PG Electroplast Limited||2,160||77||34.06||46||1,566||3,561|